Tag Archives: Big

Russia’s tech pioneer Yandex sells on big Kremlin-required discount

Russia’s tech pioneer Yandex sells on big Kremlin-required discount

FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. The price reflects a 50% discount that Moscow imposes on companies from “unfriendly” countries like the Netherlands as… Source link

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Tech company Yandex is selling Russian operations for $5 billion. It’s a big discount

Tech company Yandex is selling Russian operations for $5 billion. It’s a big discount

The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil By DAVID McHUGH AP Business Writer February 5, 2024, 8:29 AM ET • 3 min read FRANKFURT, Germany — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil… Source link

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Google is planning some big changes for Bard — including its name.

Google is planning some big changes for Bard — including its name.

Google is planning some big changes for Bard — including its name. Android app developer Dylan Roussel leaked an apparent changelog this morning that says “Bard is now Gemini” — the name used for the new model Google put in service last year to compete with OpenAI’s GPT-4. The log says Google will debut voice chat with Gemini, as well as a new “Ultra 1.0” model with “Gemini Advanced,” a paid plan that offers ChatGPT Plus-like file uploading features. Source link

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Big Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets Wrap

Big Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets Wrap

(Bloomberg) — Wall Street traders gearing up for the Federal Reserve decision scrambled to digest a selloff in big tech, the Treasury refunding plans and weaker-than-forecast data. Fresh concerns about regional lenders added to economic concerns that sent bond yields plunging, though banks pared losses as the session progressed. Most Read from Bloomberg The most-influential group in the S&P 500 got hammered on Wednesday after some of its biggest names failed to live up to high expectations… Source link

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Google tests Chrome for Windows on Arm, prepping for a big 2024

Google tests Chrome for Windows on Arm, prepping for a big 2024

Google Chrome has begun testing a native version for Windows on Arm, according to reports, bringing the world’s most popular browser to one of the world’s niche operating systems — which may gain in importance in 2024. Twitter/X user Pedro Justo confirmed that Google is offering Windows on Arm builds as part of its nightly Canary Channel, the latest Chrome beta. Other sources, including The Verge, have confirmed that the browser runs natively on Windows on Arm machines. As… Source link

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Leading tech requires ‘big business in China’

Leading tech requires ‘big business in China’

Restrictive US policies limiting advanced chip exports to China have done little to dampen Qualcomm’s (QCOM) enthusiasm for the world’s second-largest economy. In an interview at CES 2024 in Las Vegas, CEO Cristiano Amon expressed confidence about Qualcomm’s business in the country, its largest market by revenue. “If you have a leading technology, you’re going to have a big business in China,” he said. The San Diego-based firm finds itself in a difficult situation, as the White House… Source link

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5 Big Takeaways From Latest Cuts

5 Big Takeaways From Latest Cuts

Tech giants Amazon and Google unleash hundreds of employee layoffs in various divisions. CRN breaks down each layoff announcement and the biggest takeaways. Amazon and Google are laying off a few thousand employees, combined, across various business groups as the two IT giants confirmed several different employee cuts this week as 2024 kicks off. … Source link

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Big Tech isn’t done with layoffs as Google, Amazon announce cuts

Big Tech isn’t done with layoffs as Google, Amazon announce cuts

Comment on this storyComment Add to your saved stories Save SAN FRANCISCO — The wave of layoffs that has broken over Silicon Valley in the past two years isn’t over. On Wednesday, Google confirmed it had cut hundreds of engineering and hardware workers as it sought to cut costs and refocus on artificial intelligence. The same day, Amazon said it would cut some positions at its Prime Video and MGM Studios entertainment divisions. Twitch, a video game streaming company owned by Amazon, also… Source link

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