'Tech fatigue' hits Gen Z, millennials
A study found 53% of adults ages 18-40 were “struggling” to limit the time they spent on their devices because they worried that over-usage may negatively impact their well-being. Credit: Getty Images / Luis Alvarez
For young adults raised amid 24/7 tech, their always-on digital life is starting to turn them off. Millennials and Gen Z consumers “are feeling more fatigued by tech” than older generations, according to a study by market research firm Deloitte.
Specifically, 53% of adults ages 18-40 were “struggling” to limit the time they spent on their devices because they worried that over-usage may negatively impact their physical or emotional well-being. Only 29% of adults 41 and older were worried about their device usage.
And add “subscription fatigue” to the mix: 37% of young adults were “overwhelmed” by the number of digital subscriptions they had to manage compared with 23% of those 41 and older who felt that way.
Researchers found that a human teamed with an efficient robot helper was more likely to practice “social loafing.” Credit: Getty Images / demaerre
Half a loaf
It’s not uncommon when one member of a workplace team slacks off and lets their partner do the work. What if that partner is a robot? Even more so. Researchers at the Technical University of Berlin found that a human teamed with an efficient robot helper was more likely to practice “social loafing” and exhibit “less mental effort and less attention” than a human working alone on the same task.
Crypto firms paid $5.8B in fines
Fines paid by cryptocurrency companies for lax controls have for the first time exceeded fines levied against the entire financial system, according to data compiled by the Financial Times. Crypto companies paid about $5.8 billion in fines last year compared with $835 million paid by traditional financial services companies. The fines included $4.3 billion paid by cryptocurrency exchange Binance to settle criminal charges brought by U.S. prosecutors.
The European Union accused Apple in 2022 of restricting competition for its mobile tap-and-pay system by blocking third-party developers. Credit: dpa / picture alliance via Getty Images
Apple relents on mobile pay
Apple has promised to open up its mobile tap-and-go payment system to rivals as the tech giant seeks to resolve an antitrust case it faces from the European Union and avoid a fine that could be worth billions. The EU accused Apple in 2022 of restricting competition by blocking third-party developers and limiting access to its Apple Pay mobile payment technology. —AP
