Why Layoffs Alone Won’t Solve Tech’s Problems
The world's largest tech companies are promising across the board to spend less, new territory for an industry that thrives on perks. Already last year, Facebook parent Meta Platforms shut…
Google to Launch ChatGPT Rival Bard, Releases AI Service to Early Testers | Technology News
Google CEO Sundar Pichai said that the company is opening conversational AI service Bard to test users for feedback, followed by a public release soon. By Reuters | Updated: 7…
Why Snap Expects Its Revenue to Decline by as Much as 10 Percent
Snap on Tuesday swung to a net loss in the fourth quarter and said revenue could decline in the current quarter by as much as 10 percent as it faces…
Big Tech and Digital Ads Revenue are in Decline: Here’s Why
After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they were not yet…
Google Said to Have Invested $400 Million in ChatGPT Rival Anthropic
Alphabet's Google has invested almost $400 million (roughly Rs. 3,299 crore) in artificial intelligence startup Anthropic, which is testing a rival to OpenAI's ChatGPT, according to a person familiar with…
Google Parent Alphabet Posts Disappointing Q4 Profit: Here’s Why
Google's parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year's fourth quarter, as a decline in online ad spending and competition from rivals…
Why Are Meta, Amazon, Microsoft, and Google Laying Off Employees?
Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn't been dominated by the latest gadget or innovation. Instead, layoffs…
Google Parent Alphabet Says It Will Cut 12,000 Jobs in Memo
Alphabet is eliminating 12,000 jobs, its chief executive said in a staff memo shared with Reuters.The cuts mark the latest to shake the technology sector and come days after rival…
Why Google Is Delaying a Portion of Employees’ Year-End Bonuses
Google is deferring a portion of its employees' year-end bonuses as part of a transition to a new performance management system, the search engine giant said on Thursday.The company will…
Why Alphabet Tied More of CEO Sundar Pichai’s Pay to His Performance
Google-parent Alphabet said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance.The board recognizes Pichai's "strong…