Shares of Alphabet, the parent company of Google, are trading at their highest price since last August, as the company made major announcements about its artificial intelligence offerings at its developer conference. …
IBM Stops Hiring People for Some Jobs AI Can Do
IBM will halt hiring in non-customer-facing positions that could be carried out by artificial intelligence, the company’s CEO Arvind Krishna told Bloomberg. Krishna said the job cuts will primarily affect roles such…
Netflix Pushes Back Password-Sharing Crackdown
TV-streaming company Netflix posted a mixed quarterly financial report this week, as it pushed back the rollout of its new password-sharing crackdown initiative. Netflix originally said the rollout, which will make it…
AI to Affect ‘Every Product of Every Company’ —Google’s Pichai
Alphabet CEO Sundar Pichai said society will need to adapt to the new capabilities of AI, and “every product of every company” will be impacted by the technology. Pichai talked at length…
PC Shipments Dropped Sharply in First Quarter of 2023
The PC market suffered a disappointing first quarter, with two analysts reporting worldwide shipments of desktops and laptops were down around 30% compared to the same period last year. IDC reported that…
Twitter to Limit Recommended Timeline to Verified Users
Elon Musk’s Twitter appears to be entering a new phase of changes and unrest, as the social media platform announced major alterations to its algorithms after a week of mostly bad news. …
Best Buy Inks Deal for Hospital-at-Home Setup
Consumer electronics retailer BestBuy has signed a three year deal with Atrium Health to sell the devices needed for patients to get hospital care at home. The three year deal with the…
FTC Warns Tech Companies Over AI Claims
The Federal Trade Commission has warned technology companies in the United States it intends to crack down on overstated artificial intelligence claims. The FTC, which promotes consumer rights, has released a statement…
Meta Adds Nearly $100bn to Market Cap After Encouraging Q4 Earnings
Shares in Meta, the parent company of Facebook, surged this week after the company reported earnings that beat expectations and announced it would buy back billions of dollars in its stock. The…
AMD Beats Expectations as Fellow Chipmakers Struggle
AMD reported better than expected earnings this week, bucking the trend as fellow chipmakers struggle. The company’s fourth quarter results beat Wall Street expectations for both sales and profit, but did warn…