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Alphabet today has confirmed that it plans to cut 12,000 jobs, reportedly the largest round of layoffs in its history, a development that comes as advertisers note a gradual shift in how Google deals with its largest paying customers. The Google parent company ended weeks of speculation with confirmation of the job losses, amounting to 6% of its workforce, implemented to deal with the “economic reality… we face today,” according to Alphabet CEO Sundar Pichai. In a blog post, he… Source link

[unable to retrieve full-text content]Google calls on Larry Page, Sergey Brin to help with AI competition  Yahoo Finance Source link

The ongoing wave of tech industry redundancies continues as Google has announced it’s laying off 12,000 staff, the largest in company history. CEO Sundar Pichai announced the lay-off’s in a blog post, saying that Google had previously “hired for a different economic reality than the one we face today” and that jobs would be cut across a variety of different departments. “This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with,” Pichai… Source link

The recent launch of OpenAI’s AI chatbot ChatGPT has raised alarms within Google, according to reports from The New York Times. Now, the Times says Google has plans to “demonstrate a version of its search engine with chatbot features this year” and unveil more than 20 projects powered by artificial intelligence. There’s no specific timeframe mentioned for the launch of Google’s AI search demo, but other projects from the slide presentation viewed by the Times are apparently set to… Source link

Despite buyer protests in China over recent Tesla (TSLA) price cuts on the mainland, it seems the move overall has been a huge hit for the EV maker. Earlier this month Tesla cut prices in China, with the Chinese-made Model 3 falling by 13.5% to $33,515, and the Model Y dropping 10% to $37,899. Wedbush Securities conducted a survey of over 500 prospective EV buyers in China to gauge their reaction to Tesla’s price cuts. The results proved to be quite positive for Tesla’s prospects in the… Source link

This article is part of our Yahoo DFS Basketball series. There will be no shortage of action across the NBA on Friday with 18 teams set to play. One of the better matchups figures to be the Mavs hosting the Heat, though Dallas will be missing Christian Wood (thumb). Another game that stands out features the Kings hosting the Thunder with both clubs hoping to make it to the playoffs. With so many options, let’s get down to business and highlight some players to consider for your Yahoo… Source link

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Google parent company Alphabet announces 12K job cuts 00:35 UP NEXT Germany hesitant to send tanks to Ukraine as NATO discusses weapon supplies 03:19 Biden pledges support ‘every step of the way’ as California recovers from storms  04:43 Rep. George Santos denies claims he performed as a drag queen 03:31 March for Life returns to Washington for first time since overturning of Roe v. Wade 03:41 Do… Source link

DAVOS, Switzerland — At this year’s World Economic Forum, talk about a recession among top business leaders was flowing as freely as the high-calorie Swiss desserts. Yahoo Finance Live spoke with numerous leading CEOs to get their thoughts on the global economy, the Russia-Ukraine war, and the outlook for inflation. Here is what several big names in business had to say on the potential for a recession in the next year. More Yahoo Finance coverage of Davos 2023: A ‘mild’ and ‘shallow’… Source link

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U.S. stock futures were mixed ahead of the open Friday. Futures tied to the S&P 500 (^GSPC) added 0.1%, while futures on the Dow Jones Industrial Average (^DJI) were lower by 0.1%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) rose by roughly 0.5%. The yield on the benchmark 10-year U.S. Treasury note rose to 3.437% from 3.397% Thursday. The dollar index added 0.1%, trading at $101.94 Friday morning. Stocks extended a string of losses Thursday as investors dissected economic data… Source link