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
Read More »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
Read More »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
Read More »FTX finds $5.5 billion in liquid assets, still faces ‘substantial shortfall’
Collapsed crypto exchange FTX said Tuesday it has identified $5.5 billion of liquid assets, but said based on current estimates both the international and U.S. based exchange still face a “substantial shortfall” from what the trading venues owe customers. A court document with the restructuring team’s most recent findings shows this $5.5 billion includes $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. Some $1.7 billion of the company’s assets are being held… Source link
Read More »With Bing and ChatGPT, Google Faces First Real Competition in 20 Years
Microsoft put $1 billion in OpenAI, which built ChatGPT, and plans to integrate ChatGPT into Bing. Bing has not come close to touching Google’s search dominance since it was launched in 2009. Many have said Google Search has stagnated, and competition from Bing and ChatGPT might change that. … Source link
Read More »With Bing and ChatGPT, Google Faces First Real Competition in 20 Years
Microsoft put $1 billion in OpenAI, which built ChatGPT, and plans to integrate ChatGPT into Bing. Bing has not come close to touching Google’s search dominance since it was launched in 2009. Many have said Google Search has stagnated, and competition from Bing and ChatGPT might change that. … Source link
Read More »Musk’s Twitter faces ‘unprecedented’ rise in competitors: MIT’s Sinan Aral
Elon Musk’s Twitter is facing a litany of challenges ranging from winning back advertisers who ditched the service to ensuring it can abide by a Federal Trade Commission (FTC) agreement to protect users’ privacy. And according to at least one expert, the negative attention is helping spur growth at competing platforms. “We see an unprecedented rise in competitors to Twitter,” MIT Sloan School of Management Professor Sinan Aral told Yahoo Finance Live. “We have seen an unprecedented… Source link
Read More »Netflix stock is up 65% since July, but the company faces 5 big problems in 2023
Netflix (NFLX) shares have been on a tear over the last six months of the year. But investors will have plenty to worry for the company in 2023, according to one Wall Street analyst. Needham’s Laura Martin argued in a new client note on Thursday the stock will battle several headwinds in the new year including slowing subscriber growth and increased pressure on its key financial metric, average revenue per user, or ARPU. Shares of Netflix, down about 50% since the start of the year, have… Source link
Read More »Google Faces a Serious Threat From ChatGPT
Comment on this story Comment A new chatbot from OpenAI took the internet by storm this week, dashing off poems, screenplays and essay answers that were plastered as screenshots all over Twitter by the breathless technoratti. Though the underlying technology has been around for a few years, this was the first time OpenAI has brought its powerful language-generating system known as GPT3 to the masses, prompting a race by humans to give it the most inventive commands. (My favorite is, “Write a… Source link
Read More »EV industry faces a ‘red line’ for growth through 2027, analyst says
Wall Street analysts are busy publishing their 2023 lookahead pieces, and Cowen analyst Jeff Osborne is out with the big one — the firm’s Future of Mobility report. Osborne has partnered with 16 other analysts at the firm to map out what’s next in the nearly 500-page report, from electrification, to government regulation, to infrastructure, and even 5G and edge computing to give investors the lay of the land. Cowen has also listed 50 stocks to target for exposure. Key among the… Source link
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