Alphabet topped analysts’ estimates, reporting revenue growth of 15% for the quarter, the fastest rate of expansion since early 2022. Ad sales at YouTube jumped 20%, also beating expectations. Questions have been swirling about the future of Google’s online ads, because the biggest revenue driver remains search, which is under pressure as new generative AI …
The latest cuts follow a broader effort by Google to rearrange its workforce and resources to accommodate further investment in new technologies such as AI as advertising growth slows. CEO Sundar Pichai told employees in January that more job cuts were likely coming in 2024, though he did not specify which teams would be affected. …
Artificial Intelligence: the new technology that has taken the sector by storm. Just_super | E+ | Getty Images “Europe is NOW a global standard-setter in AI,” Thierry Breton, the European Commissioner for internal market, wrote on X. President of the European Parliament, Roberta Metsola, described the act as trail-blazing, saying it would enable innovation, while …
“What you actually need is a fleet of F-150 pickup trucks,” Kon said. “We make F-150s.” Founded by ex-Google AI researchers and backed by Nvidia, Cohere is betting on generative AI for the enterprise rather than on consumer chatbots, which have been the talk of the tech industry since OpenAI released ChatGPT in late 2022. …
Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023. Justin Sullivan | Getty Images News | Getty Images In a memo Tuesday evening, Google CEO Sundar Pichai addressed the company’s artificial intelligence mistakes, which led to Google taking its Gemini …
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Google CEO Sundar Pichai is warning employees that more job cuts are coming this year as the company continues to shift investments toward areas like artificial intelligence. …
Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images DAVOS, Switzerland — The rise of generative artificial intelligence has dominated private and public discussion at the World Economic Forum as the world’s largest technology …
CNBC’s Jim Cramer on Tuesday shared what he learned from his two days at JPMorgan’s health-care conference. He marveled at the myriad of uses for generative artificial intelligence in health care, but concluded that Wall Street is more concerned with using that new technology for advertising. Cramer told investors that “Magnificent Seven” members Amazon and …
A man walks past the Samsung logo displayed on a glass door at the company’s Seocho building in Seoul on April 7, 2023. Jung Yeon-je | Afp | Getty Images Samsung recently announced it will host a news conference in San Jose, California, on Jan. 17 where it will unveil its newest Galaxy phones. Samsung …
“Project Ellmann” is an internal Google proposal to use artificial intelligence to help users get a “bird’s-eye view” of their life stories. The idea would to use LLMs like Gemini to ingest search results, spot patterns in a user’s photos, create a chatbot and “answer previously impossible questions” about a person’s life. The team also …