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3 Shifts Edition (Oct 18 2024): Consumer prices are coming down, The eroding WordPress ecosystem, Big tech & AI need nuclear
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Hi everyone – welcome to your [AI-generated] 3 Shifts Edition.
Our first Shift looks at the recent spate of retailers – e.g. IKEA, Costco, Whole Foods – engaging in consumer price cuts of 10-20%. Price levels are still 21% higher than in pre-pandemic Feb 2020, but they seem to be heading in the right direction.
Next, the battle between WordPress and WP Engine has escalated into a potentially existential crisis for the WordPress ecosystem. While WordPress isn’t going anywhere anytime soon, the perception of the ecosystem as unstable is unlikely to help spur growth.
Finally, all 3 of the major public-cloud players – Amazon, Microsoft, and Google – are making deals to source nuclear energy to meet the needs of their AI data centers. Nuclear power is increasingly being viewed as an attractive source of low-carbon, non-intermittent electricity.
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Enjoy.
– Tam
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