Tag Archives: slashes

Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

“Throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a spokesperson for the Mountain View, California-based company said in a statement. “Some teams are continuing to make these kinds of organisational changes, which include some role eliminations globally.” Alphabet shares were little changed on Thursday, closing at US$142.08 in New York. A statue of the… Source link

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The US economy will grind to a halt in the second half of 2023 and the following year won’t be much better, BofA says as it slashes its growth forecast

The US economy will grind to a halt in the second half of 2023 and the following year won’t be much better, BofA says as it slashes its growth forecast

Wikimedia Commons Bank of America analysts expect US economic growth to slow to nearly zero by the second half of 2023. So while the risk of recession this year is low, BofA sees a 40% probability starting next year. And 2024 isn’t looking much better as analysts see only “a modest rebound” by then. Bank of America has sounded the alarm on the US economy, predicting growth will stall next year and that the likelihood of a recession will surge. In a note published on Friday — two days after the… Source link

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GM slashes price of 2023 Chevy Bolt, making it the cheapest EV in America

GM slashes price of 2023 Chevy Bolt, making it the cheapest EV in America

Chevrolet Bolt EV The 2023 Chevrolet Bolt will be the cheapest EV you can buy in America — with a caveat. Earlier this week General Motors (GM) revealed pricing for the 2023 version of the Bolt EV. The base 1LT and better equipped 2LT models are now priced at $26,595 and $29,795 respectively, which GM says is a price cut of $5,900 per model compared to last year. The larger Bolt EUV is getting an even bigger price cut, at least nominally speaking, of $6,300. For the regular Bolt EV, that price… Source link

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Google slashes service fees in app store after similar move by Apple

Sundar Pichai, Google testifies at congressional hearing, March 25, 2021. CNBC Google said on Thursday that it’s lowering service fees in its app store after a similar move by Apple, as both companies face pressure from lawmakers and regulators to make their mobile stores more accessible to developers. The service fee for subscriptions in the Google Play store will drop from 30% to 15% from day one, Google said in a press release. Under the current model, developers must pay a 30% cut on… Source link

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Google slashes Stadia’s revenue share to try to attract developers

Google is revising how much of a cut it takes from Stadia games in a bid to try to attract more developers. Starting on October 1st, Google will take 15 percent of sales up to $3 million through the end of 2023. With the change, Google seems to be trying to make its cloud gaming platform a more enticing option for developers — a proposition that has likely become much harder since the company shut down its own in-house studios…. Source link

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