Tag Archives: faces

Google faces $2.27 billion lawsuit over advertising practices

Google faces $2.27 billion lawsuit over advertising practices

Google is facing a $2.27 billion lawsuit by 32 media groups claiming that the company’s digital advertising practices have led to financial losses. The publishers, including Axel Springer and Schibsted, are based in various countries across Europe, such as Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Finland, Hungary, Luxembourg, the Netherlands, Norway, Poland, Spain, and Sweden. What the lawsuit is saying. A statement issued by the media groups’ lawyers Geradin… Source link

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Google Faces ‘Total Disruption’ Due to ChatGPT

Google Faces ‘Total Disruption’ Due to ChatGPT

Gmail creator Paul Buchheit says Google is only one or two years away from “total disruption” due to AI chatbots. The engineer said advancements in AI like ChatGPT could make Google’s search engine irrelevant. In December, Google issued a “code red” warning because of the viral chatbot. … Source link

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Russia faces new sanctions on its energy exports

Russia faces new sanctions on its energy exports

Russian President Vladimir Putin and Chinese President Xi Jinping.Photo by ALEXEI DRUZHININ/Sputnik/AFP via Getty Images The European Union’s upcoming ban on Russian oil products could spell more turmoil for the Kremlin. China and India are unlikely to buy refined Russian fuels that were once sold to the EU, which will ban them on February 5. That’s in contrast to Russian crude oil, which were snapped up by China and India after Europe shunned those supplies. Russia faces new sanctions on its… Source link

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Salesforce faces two activist investors amid layoffs, slowing growth

Salesforce faces two activist investors amid layoffs, slowing growth

Already under siege from Wall Street analysts amid slowing growth, Salesforce execs have returned from schmoozing clients in the Swiss Alps at The World Economic Forum only to be greeted by one of the most feared activist investors in the game. Elliott Management has taken a multi-billion dollar position in Salesforce, a source familiar with the matter confirmed to Yahoo Finance, adding that the investment management behemoth may push for a board seat. “Salesforce is one of the preeminent… Source link

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