Tag Archives: fears

[unable to retrieve full-text content]Stocks Fall on Fears Rate Cuts Will Be Delayed: Markets Wrap  Yahoo Finance Source link

(Bloomberg) — Alphabet Inc. is falling amid renewed fears that the Google owner’s missteps in artificial intelligence are putting its search business at risk. Most Read from Bloomberg The stock dropped as much as 4.4% Monday following last week’s pause of a Google image generation feature that drew criticism over inaccurate historical depictions of race. Alphabet shed more than $70 billion from its market value. Problems with AI tools may fuel the perception that Google is “an unreliable… Source link

[unable to retrieve full-text content]Netherlands Probes Yandex Taxi App Over Fears of FSB Data …  The Moscow Times Source link

ChatGPT has surged in popularity over recent months.Thinkhubstudio/Getty Images Education officials are trying to stop students from using OpenAI’s ChatGPT. Several school districts have banned the bot, citing fears of plagiarism and false information. Universities in India and France have also taken steps to stop the use of ChatGPT. Schools are taking steps to stop students from using OpenAI’s ChatGPT to cheat. Earlier this month, the New York City Department of Education blocked the chatbot… Source link

Tesla CEO Elon Musk sounded sleepy on the EV maker’s earnings call late Wednesday. That’s not surprising given the time needed to try to reduce debt at Twitter, appear in court, study rocket designs, and stay up late the day before the call with the Tesla AI team. Musk did his best to sound enthusiastic about Tesla’s business as he warned of a “severe” recession this year — doubling down on his recent downbeat economic rhetoric — before announcing a delay in the timeline of Cybertruck… Source link

Carvana (CVNA) shares were spiraling early Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. Carvana’s stock plunged as much as 40% early in the trading session. Bloomberg News, citing people familiar with the matter, reported Tuesday a group of Carvana’s 10 biggest lenders holding around $4 billion of the company’s unsecured debt have made a… Source link

Carvana (CVNA) shares were spiraling early Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. Carvana’s stock plunged as much as 40% early in the trading session. Bloomberg News, citing people familiar with the matter, reported Tuesday a group of Carvana’s 10 biggest lenders holding around $4 billion of the company’s unsecured debt have made a… Source link

After several major technology companies announced layoffs due to macroeconomic headwinds in the last few months, Google is now under the spotlight as news reports this week predict that the company will cut at least 10,000 jobs. The forecasts are based on a report from the Information, which said that under the Google Reviews and Development (GRAD) program, launched earlier this year, managers have been told to allocate a low performer rating to at least 6% of… Source link

Bitcoin recovered above US$16,000 in Wednesday morning trading as it rose along with Ether and the rest of the crypto top 10 by market capitalization, excluding stablecoins, as the market shook off lingering doubts from earlier in the week of further contagion from the now-bankrupt crypto exchange FTX.   See related article: Cathie Woods buys the dip as Ark Invest scoops up Coinbase, GBTC shares: Bloomberg Fast facts Bitcoin rose 2.6% to US$16,198 in the 24 hours to 8 a.m. in Hong Kong, while… Source link

New York CNN Business  —  Google may be the giant in the digital advertising world, but even it is not immune to the impact that the economic downturn and recession fears are having on the online ad market. Google parent company Alphabet (GOOGL) on Tuesday reported earnings results for the third quarter that fell short of Wall Street analysts’ estimates for both sales and profits,… Source link