Hundred dollar bill with chart arrow moving up. Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) stock posted another day of significant gains in Monday’s trading. The tech giant’s share price closed out the daily session up 2.4%, according to data from S&P Global Market Intelligence. Alphabet’s stock gained ground today, trading amid a spurt of broader momentum for …
Run by @BasedBeffJezos, Extropic’s backers include Tobias Lütke, Cohere co-founders. Canadian-led, United States-based Extropic has closed $14.1 million in seed funding to build “physics-based computing” hardware for generative artificial intelligence (AI). This summer, The Information reported that Extropic—which was previously known as Qyber—was working on a chip designed to run large language models. Extropic …
India’s government on Friday warned social media firms including Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by deputy IT minister Rajeev Chandrasekhar in a closed-door meeting where he said many companies had …
Amazon.com on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. The cuts affect several hundred employees working on Alexa, according to the email. A spokeswoman declined to elaborate on exactly how many were affected. “We’re shifting some of our …
Meta Platforms on Wednesday said come 2024, advertisers will have to disclose when artificial intelligence (AI) or other digital methods are used to alter or create political, social or election related advertisements on Facebook and Instagram. Meta, the world’s second-biggest platform for digital ads, said in a blog post it would require advertisers to disclose if their altered or created ads portray real people as …
The ongoing Google antitrust trial saw its most-high company executive testify on Monday (October 30). Google parent Alphabet CEO Sundar Pichai took to the witness box in the trial that is now almost 10-week long. The trial follows a 2020 antitrust claim over Google’s dominance in the online search market. Google claims that people use …
YouTube will roll out a slew of artificial-intelligence-powered features for creators, the latest effort from parent company Alphabet to incorporate generative AI — technology that can create and synthesize text, images, music and other media given simple prompts — into its most important products and services. Among the new products YouTube announced Thursday is a …
Google agreed to pay $155 million (nearly Rs. 1,300 crore) to settle claims by California and private plaintiffs that the search engine company misled consumers about how it tracks their locations, and used their data without consent. Both settlements resolve claims that the Alphabet unit deceived people into believing they maintained control over how Google …
Google is reportedly cutting hundreds of jobs at its global recruiting organisation. The latest round of job cuts at the company are part of a broader pullback in hiring over the next several quarters. In a statement, Google said that the “volume of requests for our recruiters has gone down”. The company, however, declined to …
Canada on Friday unveiled draft rules for a law designed to compel Alphabet’s Google and Meta Platforms pay news outlets, saying Ottawa was addressing the companies’ concerns that they may be facing an uncapped liability. Canada’s Online News Act, part of a global trend to make Internet giants pay for news, became law in June and …