AI takes its toll on Big Tech
Tech giants axe 34,000 jobs
Major tech firms such as Microsoft, Alphabet, PayPal, and eBay have sacked 34,000 workers since the start of 2024 to focus on artificial intelligence (AI), the Financial Times revealed.
Big Tech lay-offs are already costing them
19th-century staff management approaches don’t work
Faced with falling margins after the Covid bubble burst, Big Tech let thousands of staff go on the assumption that they could rehire them when things got better at the end of the year, but they might have miscalculated, according an Intuit boss.
Google promises its AI will be released to trusted users soon
Bard should be ready for public release in a few weeks
Google's parent firm Alphabet announced the release of its Bard conversational AI service, which it said will be rolled out to "trusted users" before its public release in the coming weeks.
Google profits plummet
A 27 percent drop in profits
Google's third quarter 2022 earnings drop by 27 percent drop in profits compared to last year, with weaker-than-expected earnings and revenue.
EU signs off on tech giant regulation
Enforcement might be impossible
EU lawmakers gave the thumbs up to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators' limited resources.
US Supremes tell Google it has to listen to shareholders
Lawsuit revived
The US Supreme Court declined to hear Alphabet attempt to spike a lawsuit by shareholders accusing it of fraudulently concealing a security glitch that left private user data exposed.
Alphabet sees trouble ahead
People interested in searching for coranavirus rather than buying stuff
Alphabet beat what the cocaine nose jobs of Wall Street predicted for its quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.
Google hits a trillion
Like ABC
Google-parent Alphabet became the fourth US company to top market value of more than $1 trillion.
US IT giants spend fortunes stamping out competition
Capitalism in action
US tech giants are spending fortunes keeping rivals away from their monopolies, according to a new report from Bloomberg.
Google self-drives into China
Look right, but Waymo looks left
Google's subsidiary Waymo has set up a company in Shanghai in the wake of controversy over its attempt to introduce a censorious version of its search engine in China.