Tech
Teen screen time chart
Sherwood News

Most teens spend around 25% of their waking hours using screens

More than half report 4+ hours of screen time each weekday.

11/5/24 12:05PM

For much of today, tomorrow, and likely some weeks after that, Americans will be glued to their (increasingly digital) screens, as information continues to drip through and we build a clearer picture of the nation’s future.

Still, it’ll probably be business as usual for the majority of US teens: a new survey from the CDC’s National Center for Health Statistics found that around half of all Americans aged 12-17 — “teenagers,” by the organization’s definition, at least — reported four hours or more of screen time each weekday. That’s equivalent to more than a quarter of typical waking hours... and didn’t include any time spent doing schoolwork.

Hold the phone

The study also found that, among the teens surveyed, those with screen times of four or more hours were more likely to have displayed symptoms of depression (~26%) and anxiety (~27%) in the past two weeks. Indeed, the negative effects of excessive screen time, particularly for young people who are still developing cognitively, are well documented, having been linked to memory impairment, diminished academic performance, and difficulty sleeping

But, in the digital age, the influence of tech on the average American teenager’s lifestyle has become near impossible to avoid. One 2023 Pew Research survey found that 95% of teens had access to a smartphone at home, 90% had a desktop or laptop computer, and 65% could access a tablet.

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Nebius soars after signing a 5-year deal with Microsoft to supply nearly $20 billion worth of AI computing power

Artificial intelligence infrastructure group Nebius jumped more than 50% in early trading on Tuesday after the company announced after the close on Monday a major deal to supply computing power for Microsoft’s AI operations.

Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.

The deal represents a sizable portion of Microsofts proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.

Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.

The deal represents a sizable portion of Microsofts proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.

President Trump hosts tech executives and their guests to a dinner at the White House in the Oval Office.

Here are the Trump ties among the tech leaders who had dinner at the White House

Many of the attendees have donated to, vocally supported, or even worked for the president.

tech

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

$115B

OpenAI now expects to burn around $115 billion through 2029 — a full $80 billion higher than the company had previously estimated, The Information reports.

Just how much is that? It’s roughly equivalent to:

Fortunately for OpenAI, which is raising money at a $500 billion valuation, its revenue is also growing faster than expected. The ChatGPT maker now expects to make $13 billion in revenue this year and $200 billion in 2030.

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