Tag Archives: Big

Wednesday, Jan. 25, 2023 Microsoft’s $10 billion investment in OpenAI puts Amazon, Google, and others on notice Microsoft (MSFT) is pulling out all of the stops in an effort to ensure that it’s the dominant force in AI among its Big Tech peers. And the Redmond-based software giant’s $10 billion investment in ChatGPT developer OpenAI could be the key to doing just that. The move, which Microsoft and OpenAI announced on Monday, will allow Microsoft to deploy GPT-3, the service that the… Source link

U.S. stocks gained Monday as investors braced for a jam-packed week of corporate earnings and contemplated the Federal Reserve’s next rate move before officials meet later this month. The S&P 500 (^GSPC) advanced 1.2%, while the Dow Jones Industrial Average (^DJI) jumped about 250 points, or 0.8%. The technology-heavy Nasdaq Composite (^IXIC) again led the way higher, rallying 2%. The moves Monday come after the S&P 500 and Nasdaq rallied toward a winning week on Friday, regaining their… Source link

Google’s decision to let go of 12,000 employees was only just announced on Friday, but it extended the recent trend of the “Big Tech” companies cutting jobs in previously unheard-of numbers, and now we’ve seen more reports about where those cuts happened. The Information reports that at Google, layoffs spread through nearly every group, including projects like Chrome, Search, Android, and Google Cloud. Its sources said they affected people who’d previously received “high… Source link

Hip-hop artist and tech investor will.i.am has a large digital rolodex of business leaders he taps often for advice on his various ventures. These mentors include names like Salesforce CEO Marc Benioff, Oprah Winfrey, music legend MC Hammer, venture capitalist Ron Conway, and Beats investor Jimmy Iovine. “Marc Benioff is my big brother and my mentor,” will.i.am told Yahoo Finance Live at the World Economic Forum (WEF) in Davos, Switzerland this week (video above). “I love Marc.” Host will.i.am… Source link

Google and Wayfair join tech companies announcing big layoffs – CBS Boston Watch CBS News Wayfair made its announcement Friday morning that the company will let go of more than 1,700 employees. WBZ-TV’s Brandon Truitt reports. Be the first to know Get browser… Source link

Netflix (NFLX) earnings are set for release on Thursday, kicking off two-week period during which most of the market’s biggest tech companies will report their quarterly results. And according to Wedbush analyst Dan Ives, investors are focused on three big questions ahead of these results. First, a key focus will be on whether enterprise spending is holding up better than feared. Over the past decade, there’s been a rapid adoption of cloud services, with this trend accelerating during the… Source link

Cloud News Mark Haranas January 17, 2023, 11:56 AM EST Tom Stuermer, head of Accenture’s Google Cloud business, explains to CRN Google Cloud’s market differentiation and Accenture’s plan to drive business via the Google Cloud Marketplace.

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox by signing up here. Saturday, January 14, 2022 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 Yahoo Finance App. Big banks including JPMorgan, Wells Fargo, Citigroup, and Bank of America all reported quarterly results on Friday. These firms collectively sent a clear message to… Source link

The Big Bang Theory star Melissa Rauch revealed that a commercial director once gave her back-handed feedback when she was an aspiring actress. Appearing on Friday’s episode of The View to promote her new Night Court sequel series, the 42-year-old recalled a filmmaker shaming her hands during an audition, which cost her a job in an ad for a restaurant. “When I was first auditioning and going out for commercials, my hands really stood in the way. I sort of have Hobbit hands…. especially when… Source link

U.S. stocks fell in early-morning trading amid key earnings reports from financial heavyweights. The S&P 500 (^GSPC) was down 0.8%, while the Dow Jones Industrial Average (^DJI) was off by 0.6%. The technology-heavy Nasdaq Composite (^IXIC) declined by roughly 0.8%. The yield on the benchmark 10-year U.S. Treasury ticked up slightly to 3.47%. The dollar index ticked up 0.21% to $102.21. Stocks pared early losses after the U.S. Michigan consumer sentiment survey for January rose to a nine-month… Source link