By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares were up nearly 4% in morning trade. The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research. Alphabet now faces a challenge from Microsoft Corp in a branch of tech… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 20, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Corporate earnings season will be in full swing by the end of next week. Big banks, airlines, and Netflix (NFLX) have all released… Source link

Happy nearly Lunar New Year’s Eve, reader. I’m Diamond Naga Siu, and I’m excited to hop into the Year of the Rabbit. This New Year I’m reflecting on old traditions — I think a lot of new things benefit from the influence of the old and vice versa. A perfect example of this is the viral technology ChatGPT.  ChatGPT makes a lot of people nervous (here’s everything you need to know about it, BTW). People more… Source link

Google’s Advanced Technology Review Council, a panel of executives that includes Jeff Dean, the company’s senior vice president of research and artificial intelligence, and Kent Walker, Google’s president of global affairs and chief legal officer, met less than two weeks after ChatGPT debuted to discuss their company’s initiatives, according to the slide presentation. They reviewed plans for products that were expected to debut at Google’s company conference in May, including Image… Source link

A Government trade minister was paid almost £500,000 last year by the investment firm he co-founded, which continues to hold shares in the firm widely described as “Russia’s Google” despite the war in Ukraine. Dominic Johnson – Lord Johnson of Lainston, who was made a peer when he took up his ministerial post last October – received £471,842 in March last year as part of a £6.49m payout to partners and directors of Somerset Capital Management LLP (SCM). At the time of the payout,… Source link

Charles Hoskinson, co-founder of the Cardano blockchain network, said he is considering acquiring CoinDesk, the media arm of the struggling Digital Currency Group, saying journalistic integrity needs to be restored to reporting on cryptocurrencies and blockchain. CoinDesk is reportedly exploring a sale. See related article: DCG’s crypto lender Genesis files for bankruptcy Fast facts “My interest on the media side is more broad… I would like to figure out how to get to journalistic… Source link

NEW DELHI, Jan 20 (Reuters) – Google (GOOGL.O) said on Friday it will cooperate with India’s competition authority after the country’s top court upheld an antitrust order forcing the U.S. firm to change how it markets its popular Android platform. The Competition Commission of India (CCI) ruled in October that Google, owned by Alphabet Inc (GOOGL.O), exploited its dominant position in Android and told it to remove restrictions on device makers, including those related to pre-installation of… Source link

It’s obvious by now that all of these Pixel 7 and Pixel 7 Pro users haven’t merely dropped their devices or sat on a brick. Since the Pixel 6 line has yet to see a similar issue, the problem could be related to the aluminum used on the Pixel 7 series camera bar. And while many of the Redditors on the social media site are somewhat angry at Google over the design miscues that have led to the problem, they are furious at the company for how it has responded to their… Source link

Google has revealed that the theme of the 2023 Doodle for… Source link

By Aditya Kalra NEW DELHI (Reuters) – Google said on Friday it will cooperate with India’s antitrust authority after the country’s top court upheld an antitrust order forcing the U.S. firm to change how it markets its popular Android platform. The Competition Commission of India (CCI) ruled in October that Google, owned by Alphabet Inc, exploited its dominant position in Android and told it to remove restrictionson device makers, including those related to pre-installation of apps. It also… Source link