Beata Zawrzel/NurPhoto via Getty Images Google announced it developed an AI bot that generates music based on text descriptions. The tech will not be released to the public due to existing technical issues and risks. The tech giant is ramping up its AI efforts after issuing a “code red” following the explosion of ChatGPT. In the artificial intelligence race, Google announced it developed a bot that creates music based on text prompts — but don’t expect to be able to use it any time soon. In a Source link
Read More »Why Bank of America won’t be rushing into crypto anytime soon
DAVOS, Switzerland — The crypto faithful shouldn’t expect Bank of America to make a major push into the sector anytime soon. “No,” replied Bank of America CEO Brian T. Moynihan when Yahoo Finance Live asked him at the World Economic Forum whether he felt like the company was missing out on the next big thing by not aggressively moving into crypto (full interview above). Moynihan — who has driven a major digital banking transformation as BofA’s CEO for the last 12 years — explained the… Source link
Read More »Don’t expect ‘old school’ inflation anytime soon: DoubleLine’s Jeff Sherman
The days of sub 2% inflation — as measured by the Consumer Price Index (CPI) — look over for quite some time, thinks DoubleLine’s co-chief investment officer Jeff Sherman. Sherman assigns the blame to the ongoing COVID-19 pandemic, and in part the extremely easy monetary policy employed by the Federal Reserve to gin up the economy throughout the health crisis. “I don’t think we are going back to the old school one and a half to 2% inflation because it’s permeated the psyche for a period… Source link
Read More »Don’t Expect a New Google Pixelbook Anytime Soon
It may be a while longer before the Pixelbook gets its overdue reprise. Photo: Alex Cranz / Gizmodo If you’ve been holding out for a new Chromebook made by Google, you’ll have to keep waiting. A Chromebook team member just indicated there is no updated Pixelbook planned for 2022. Trusted Reviews reports that while attending a London-based event for Qualcomm, Google’s Chrys Tsolaki, retail partner manager for Chromebooks, commented on the future of Pixelbooks: “Next year there won’t… Source link
Read More »Despite Huge Cash Piles, Facebook, Amazon, Google Are Unlikely To Pay Out Dividends Anytime Soon, Say Analysts
Topline Three of the most dominant tech companies in the world — Facebook, Amazon and Google parent Alphabet — have never paid a dividend to shareholders, instead choosing to use their available capital to generate high growth through acquisitions and investing in internal businesses, but may be compelled to once they mature and growth slows. MARCH 25th 2021: Facebook CEO Mark Zuckerberg, Google (Alphabet Inc.) CEO Sundar Pichai and Twitter … [+] CEO Jack Dorsey testify before… Source link
Read More »Don’t expect an interest rate hike ‘anytime in 2022’
Philadelphia Federal Reserve President Patrick Harker said Wednesday that he does not expect the Fed to raise interest rates in 2022, despite bond market bets that a rate hike could come next year. “I think we’ve got a ways to go,” Harker told Yahoo Finance in an exclusive interview on Wednesday. The yield on the U.S. 10-year Treasury reached 1.47% as of Wednesday afternoon, almost 50 basis points higher than where the bond traded a month ago. Higher bond yields imply higher longer-term… Source link
Read More »Don’t expect Google to compete with Amazon in e-commerce anytime soon
Sundar Pichai, chief executive officer of Alphabet Inc., gestures while speaking during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Monday, Jan. 20, 2020. Pichai urged the U.S. and European Union to coordinate regulatory approaches on artificial intelligence, calling their alignment critical. Geert Vanden Wijngaert | Bloomberg | Getty Images For nearly as long as Google‘s been a publicly traded company, it has attempted various… Source link
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