Tag Archives: basically

AI remains priority number one. Ride or (D)AI An internal memo at Google leaked by The Verge reveals the company’s plans for the new year, and perhaps its biggest takeaway may not surprise you: that the Silicon Valley titan is still going all in on AI. The news comes as questions are raised — sometimes by its own employees — over whether Google’s bullheaded commitment to the tech is harming the company. Per the companywide “objective key results” for the new year shared on Thursday,… Source link

Apple has an agreement with Google that it won’t develop its own internet search engine so long as Google pays it to remain the default option in Safari, a new class action alleges. Filed in a California court earlier this week against Apple, Google, and their respective CEOs, the lawsuit alleges the two companies have a non-compete agreement in the internet search business that violates US antitrust laws. Specifically, the complaint charges Apple CEO Tim Cook and Google CEO Sundar Pichai of… Source link

Bottom line: The hard seltzer boom is over. Shares of Boston Beer crashed 20% in pre-market trading on Friday as the maker of Truly hard seltzer and Sam Adams badly whiffed on its earnings expectations and slashed full-year guidance. The culprit: Execs overestimated the potential of the hard seltzer market, which continues to slow amid rising competition and people returning to bars coming out of the COVID-19 pandemic as Yahoo Finance has reported.  “We overestimated the growth of the hard… Source link

Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger on Saturday declared progressive Vermont Senator Bernie Sanders (I-VT) the victor in the nation’s political fight over income inequality. The hot economy and loose monetary policy will end up narrowing the nation’s wealth gap, Munger predicted. “With everything boomed up so high and interest rates so low, what’s going to happen is the millennial generation is going to have a hell of a time getting rich compared to our generation,”… Source link