Tag Archives: focus

Google parent to lay off 12,000 workers as AI focus intensifies

Google parent to lay off 12,000 workers as AI focus intensifies

By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares were up nearly 4% in morning trade. The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research. Alphabet now faces a challenge from Microsoft Corp in a branch of tech… Source link

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Stocks rise with focus on CPI later this week

Stocks rise with focus on CPI later this week

U.S. stocks ascended Wednesday as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.9%, while the Dow Jones Industrial Average (^DJI) added nearly 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) advanced 1.2%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC) was among… Source link

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Stocks rise with focus on CPI later this week

Stocks rise with focus on CPI later this week

U.S. stocks ascended at Wednesday’s open as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.5%, while the Dow Jones Industrial Average (^DJI) added 130 points, or 0.4%. The technology-heavy Nasdaq Composite (^IXIC) also advanced by roughly 0.4%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC)… Source link

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Yandex registers Beyond ML in Armenia: It will focus on machine learning startups | NEWS.am TECH

Yandex registers Beyond ML in Armenia: It will focus on machine learning startups | NEWS.am TECH

December 26, 2022  17:30 Yandex has registered Beyond ML, a company in Armenia that focuses on machine learning startups and promotion of B2B services. The official Beyond ML website reports that machine learning startups with Beyond ML are becoming global B2B services. The site also reports that the company’s startups and studios employ more than 100 people worldwide, with most teams working remotely from Yerevan (Armenia), Belgrade (Serbia), New York (U.S.) and Seville (Spain). The… Source link

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Yandex registers Beyond ML in Armenia: It will focus on machine learning startups | NEWS.am TECH

Yandex registers Beyond ML in Armenia: It will focus on machine learning startups | NEWS.am TECH

December 26, 2022  17:30 Yandex has registered Beyond ML, a company in Armenia that focuses on machine learning startups and promotion of B2B services. The official Beyond ML website reports that machine learning startups with Beyond ML are becoming global B2B services. The site also reports that the company’s startups and studios employ more than 100 people worldwide, with most teams working remotely from Yerevan (Armenia), Belgrade (Serbia), New York (U.S.) and Seville (Spain). The… Source link

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Investors ‘are changing their focus,’ market strategist explains

Investors ‘are changing their focus,’ market strategist explains

The stock market is on track to take a leg lower this week as investors swerved to assess what kind of damage the Federal Reserve has already done to the economy following a series of aggressive inflation-fighting rate hikes. “We believe that yesterday was yet another example of how investors are changing their focus… from what the Fed is going to do… to what the Fed has already done… and what their significant tightening policy will do to the economy in 2023 (now that it is finally… Source link

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Google’s top trending searches this year include national focus on Georgia’s elections

Google’s top trending searches this year include national focus on Georgia’s elections

In Google’s annual report, the company takes a look at what people are searching for in 2022 that they weren’t searching for in 2021: Search terms like “Wordle” and “Early voting places near me.” These are the words and phrases that had breakout moments in search engine queries, Google search trends expert Alex Joseph said. “So Wordle had a breakout year this year,” he said. “If you recall, it seemed like every single person in January and February was… Source link

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Amazon Prime will continue to focus on ‘exclusive experiences’ and savings, exec says

Amazon Prime will continue to focus on ‘exclusive experiences’ and savings, exec says

Amazon (AMZN) Prime is wrapping up a year that expanded its offerings, from entertainment like “The Lord of the Rings: The Rings of Power” and “Thursday Night Football” to offering partnerships with third-parties like mobile food delivery platform Grubhub. “We are going to continue investing in Prime benefits, offers, and exclusive experiences to ensure that members see disproportionate value and choose Amazon to fulfill their needs and wants,” Jamil Ghani, VP of Amazon Prime, told Yahoo… Source link

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Stocks turn lower with Fed policy, earnings in focus

Stocks turn lower with Fed policy, earnings in focus

Stocks lost ground Tuesday, as another batch of earnings rolled in and investors awaited the Federal Reserve policy meeting and jobs data later this week. The S&P 500 (^GSPC) turned lower by about 0.1% in midday trading, while the Dow Jones Industrial Average (^DJI) ticked lower nearly 0.2%. The technology-heavy Nasdaq Composite (^IXIC) fell by 0.4%. All three indices had risen to start the session. Investors digested economic releases on Tuesday, including the Job Openings and Labor Turnover… Source link

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