Google-parent Alphabet is planning to launch a chatbot service and more artificial intelligence for its search engine as well as developers, marking a riposte to Microsoft in a rivalry to lead a new wave of technology. In a blog post on Monday, Alphabet CEO Sundar Pichai said the company is opening a…
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 the deal. Google and Anthropic declined to comment on the investment, but separately announced a partnership in which Anthropic will use…
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 are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech…
The massive job cuts by Amazon, one of the biggest private employers in the US, show the wave of layoff sweeping through the tech sector could stretch into 2023 as companies rush to cut costs, analysts said on Thursday. As a demand boom during the pandemic rapidly turns into bust,…
Amazon on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources. The announcement, Amazon‘s first since media outlets including Reuters reported its layoff plans on…
Alphabet’s Google will pay about $400 million (nearly Rs. 3,200 crore) to settle a complaint brought by a group of states over allegations the search and advertising giant illegally tracked users’ locations, two people familiar with the matter said. The announcement will come as early as Monday, the sources said….
Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia’s example, according to four sources close to the matter. Europe’s telecoms operators have lobbied for a financial contribution from US tech firms such as Alphabet‘s Google, Meta‘s Facebook and…
Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. Alphabet, which owns an array of smaller technology companies in addition to Google, on Tuesday…
Shares of Snap sank about 25 percent before the bell on Friday, after the owner of photo messaging app Snapchat forecast zero revenue growth for the current quarter, triggering a slide in other social media stocks dependent on advertising revenue. YouTube-parent Alphabet, Facebook-parent Meta Platform, Pinterest and Twitter all slid…
Alphabet unit Google could face antitrust charges next year over its digital advertising business, with EU regulators frustrated over the slow pace of settlement talks with the company, people familiar with the matter said on Thursday. Google‘s ad business is Alphabet‘s biggest moneymaker, accounting for about 80 percent of annual…
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