Tech News: Bernstein’s Critical Letter to Andy Jassy, Future AI Costs, and Reels vs. TikTok

Wall Street research firm, Bernstein, has written an open letter to Amazon CEO, Andy Jassy, urging the tech giant to rethink its direction and quell investor concerns. The letter provides six recommendations for Amazon’s leadership to follow. In other news, a new survey by Morgan Stanley has shown that Meta’s short-form video service, Reels, is starting to gain ground against TikTok, with analysts noting the flattening of TikTok adoption as other platforms rise. Meanwhile, former Google engineer Zach Smith believes that while AI will take over many tasks and jobs, it will leave people free for more creative work. However, AI chatbots like ChatGPT may worsen the loneliness epidemic if they replace critical social interactions. In other tech news, older users are becoming increasingly active on TikTok, sharing life lessons, fashion advice, cooking tips, and snippets of being a grandparent. Finally, a YouTuber successfully travelled 1,800 miles using a gas generator in his Tesla, and Insider has compiled a list of the best Samsung phones in 2023.