Baidu CEO Robin Li speaks during the company’s Create conference in Shenzhen, China, on April 16, 2024. Bloomberg | Bloomberg | Getty Images SHENZHEN, China – One year after Chinese search engine operator Baidu released its ChatGPT-like Ernie bot, the company this week announced tools to encourage locals to develop artificial intelligence applications. “In China …
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. …
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference, according to a …
The move, a way to democratize access to supercomputing resources generally earmarked for tech giants and connected startups, underscores the importance of training the next-generation workforce on AI. At first, only Georgia Tech’s undergraduate students will be able to use the computing cluster, which is fueled by Nvidia’s enterprise AI software and a “virtual gateway” …
Google parent Alphabet still derives three-quarters of revenue from advertising, but cloud is growing faster and now represents almost 11% of company revenue. The segment, which contains corporate productivity applications, is also profitable. Google held 7.5% of the cloud infrastructure market in 2022, while Amazon and Microsoft together controlled around 62%, according to Gartner estimates. …
A radiologist is a doctor that uses medical images like CT scans, MRIs and X-rays to identify and treat conditions. But like physicians across many specialties in the U.S., radiologists are facing a growing labor shortage, according to the Radiological Society of North America. As of early April, there are more than 1,800 vacant job …
The sweeping antitrust lawsuit Apple faces from the Department of Justice takes a broader aim at its business than cases against Big Tech rivals including Google, Facebook, and Amazon. It’s also more grounded in antitrust law than some of those suits, experts say. The DOJ alleged in its complaint filed last week that Apple has …
The companies announced an initial $1.25 billion investment in September, and said at the time that Amazon would invest up to $4 billion. Wednesday’s news marks Amazon’s second tranche of that funding. Amazon will maintain a minority stake in the company and won’t have an Anthropic board seat, the company said. The deal was struck …
Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that’s taking on OpenAI. One country that’s being left out: Saudi Arabia. As bankers line up a group of potential new Anthropic backers, the company has ruled out taking money from the Saudis, according to …
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed …