In an interview with CNBC, Short Hills Capital’s Steve Weis says Google is on borrowed time thanks to Microsoft’s Bing AI. Weis discussed Google’s monopoly in the search and advertising market and how the company’s approach is different than Microsoft’s. Weis Read More
A new report by The Wall Street Journal says the deal between The New York Times and Google is worth $100 million over three years. Newspapers and traditional media have been looking for ways to stay relevant and monetize content. At the same time, Read More
On the heels of a Telegram being banned in Brazil, founder Pavel Durov has said the app may pull out of the country altogether. A court in Brazil banned Telegram over neo-Nazi groups using the app or communication. The groups have engaged Read More
In a case of adding insult to injury, tech workers are being recruited to work for the very companies that laid them off, but this time as contractors. The tech industry has laid off hundreds of thousands of its workers Read More
As tech giants rush to develop and deploy generative AI, Amazon wants the world to know it, too, is working to deploy its own AI. In his second annual shareholder letter, company CEO Andy Jassy makes it clear that Amazon is Read More
China has beaten the US in the race to govern AI development, unveiling new rules for companies to follow. AI development is moving at a breakneck pace, worrying some experts. Many have already signed an open letter asking the industry to pause Read More
McDonald’s is prepping for layoffs, with the company axing some corporate jobs and temporarily closing its offices. The tech industry has already laid off hundreds of thousands of workers. According to a company message seen by The Wall Street Journal, McDonald’s layoffs Read More
Ford revealed that its EV unit is losing billions of dollars and says it should be viewed as a startup, one Ford is committed to. Like virtually every automaker, Ford is leaning heavily into electric vehicles. The company has already Read More
The UK government is spending big — to the tune of £900m — to ensure it doesn’t get left being in the AI game. With OpenAI’s ChatGPT powering Microsoft Bing, Google developing Bard, and Baidu working on Ernie, the UK government wants to Read More
Acer has confirmed a data breach, one that has resulted in 160GB of data being posted for sale online. According to BleepingComputer, bad actors compromised “a server hosting private documents used by repair technicians.” The data, some 160GB worth, was allegedly Read More
