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Salesforce Said to Cut 1,000 Roles While Hiring Salespeople for AI
Salesforce is announcing lay-offs as it prepares to enter a new fiscal year. More than 1,000 roles will be affected and displaced workers will be able to apply for other jobs internally. The company has also been keeping a closer eye on maintaining profit margins after pressure from activist investors in 2023.
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Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
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Amazon And Meta Surge After Results, While Apple Drops
Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results.
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Amazon Said to Be in Talks to Become Anchor Investor in Softbank-Owned Chip Firm Arm Ahead of IPO
Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group's Arm ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday.
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GameStop Ousts CEO, Posts Bigger-Than Expected Quarterly Loss
Ryan Cohen, the billionaire investor whose bold bet on GameStop made him a hero to meme stock traders, took over as executive chairman on Wednesday after the video game retailer ousted its CEO and posted a bigger-than expected quarterly loss. Investors pushed the stock price down more than 20 percent in after-hours trading, continuing a roller-coas...
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Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
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ChatGPT Is Leading to Increase in AI-Written E-Books on Amazon, Kindle
The software's emergence has already ruffled some of the biggest technology firms, prompting Alphabet and Microsoft to hastily debut new functions in Google and Bing, respectively, that incorporate AI. The rapid consumer adoption of ChatGPT has spurred frenzied activity in tech circles as investors pour money into AI-focused startups and given te...
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Amazon Escalates Job Cuts, Says It Will Lay Off More Than 18,000 Workers
Amazon on Wednesday announced in a memo to staff that the firm would lay off more than 18,000 employees. The company's job cuts, which began last year, were previously expected to affect about 10,000 people. Amazon had over 1.5 million employees as of the end of September 2022, which means the latest job cuts would involve around 1 percent of its w...
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Microsoft, Amazon, Google Hit as Customers Cut Spending on Cloud, Datacentre Services
Microsoft, Amazon, and Intel may be girding against imminent recession, after the US tech giants revealed this week that customers had cut cloud and datacentre spending. Investors are now looking to see if there is a glut in capacity, which could lead to cuts in investment in cloud services, one of the largest and most dependable sources of growth ...
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US Chipmakers Worry About Slow Growth of Cloud and Data Centres
The US industry is worried about the slow growth of cloud and data centres, which served as a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. While Alphabet's Google Cloud dropped over 8 percent points, Microsoft's Azure dropped 6 percent points, and Amazon's AWS dropped over 3 ...
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Shopify Collaborates With Twitter to Help Merchants With Online Sale, Unveils 100 New Tools
Shopify has announced its collaboration with Twitter to shore up sales to counter a post-pandemic slowdown in online shopping. In addition, the company also unveiled over 100 news tools.
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Vodafone Idea Shares Zoom During Intra-Day Trade
Shares of telecom company Vodafone Idea (VI) rose around 10 per cent in intra-day trade on Tuesday
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Amazon Faces Challenges Over Policies at Shareholder Meeting, Investors to Review Workers’ Rights, Social Issues
Amazon faces 14 investor resolutions challenging its policies at the annual shareholder meeting on Wednesday. This has been a record challenge for the retail and cloud computing company. The investors will review workers’ rights, their health and safety, Amazon's use of plastic or changes to the company's process for board nominations.
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Amazon's Net Loss Prompts Query: Has It Built Too Many Warehouses?
In recent years, Amazon has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand.
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Billionaire Soros Buys Stake In EV Startup Rivian
The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in the company.
-
Salesforce Said to Cut 1,000 Roles While Hiring Salespeople for AI
Salesforce is announcing lay-offs as it prepares to enter a new fiscal year. More than 1,000 roles will be affected and displaced workers will be able to apply for other jobs internally. The company has also been keeping a closer eye on maintaining profit margins after pressure from activist investors in 2023.
-
Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
-
Amazon And Meta Surge After Results, While Apple Drops
Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results.
-
Amazon Said to Be in Talks to Become Anchor Investor in Softbank-Owned Chip Firm Arm Ahead of IPO
Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group's Arm ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday.
-
GameStop Ousts CEO, Posts Bigger-Than Expected Quarterly Loss
Ryan Cohen, the billionaire investor whose bold bet on GameStop made him a hero to meme stock traders, took over as executive chairman on Wednesday after the video game retailer ousted its CEO and posted a bigger-than expected quarterly loss. Investors pushed the stock price down more than 20 percent in after-hours trading, continuing a roller-coas...
-
Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
-
ChatGPT Is Leading to Increase in AI-Written E-Books on Amazon, Kindle
The software's emergence has already ruffled some of the biggest technology firms, prompting Alphabet and Microsoft to hastily debut new functions in Google and Bing, respectively, that incorporate AI. The rapid consumer adoption of ChatGPT has spurred frenzied activity in tech circles as investors pour money into AI-focused startups and given te...
-
Amazon Escalates Job Cuts, Says It Will Lay Off More Than 18,000 Workers
Amazon on Wednesday announced in a memo to staff that the firm would lay off more than 18,000 employees. The company's job cuts, which began last year, were previously expected to affect about 10,000 people. Amazon had over 1.5 million employees as of the end of September 2022, which means the latest job cuts would involve around 1 percent of its w...
-
Microsoft, Amazon, Google Hit as Customers Cut Spending on Cloud, Datacentre Services
Microsoft, Amazon, and Intel may be girding against imminent recession, after the US tech giants revealed this week that customers had cut cloud and datacentre spending. Investors are now looking to see if there is a glut in capacity, which could lead to cuts in investment in cloud services, one of the largest and most dependable sources of growth ...
-
US Chipmakers Worry About Slow Growth of Cloud and Data Centres
The US industry is worried about the slow growth of cloud and data centres, which served as a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. While Alphabet's Google Cloud dropped over 8 percent points, Microsoft's Azure dropped 6 percent points, and Amazon's AWS dropped over 3 ...
-
Shopify Collaborates With Twitter to Help Merchants With Online Sale, Unveils 100 New Tools
Shopify has announced its collaboration with Twitter to shore up sales to counter a post-pandemic slowdown in online shopping. In addition, the company also unveiled over 100 news tools.
-
Vodafone Idea Shares Zoom During Intra-Day Trade
Shares of telecom company Vodafone Idea (VI) rose around 10 per cent in intra-day trade on Tuesday
-
Amazon Faces Challenges Over Policies at Shareholder Meeting, Investors to Review Workers’ Rights, Social Issues
Amazon faces 14 investor resolutions challenging its policies at the annual shareholder meeting on Wednesday. This has been a record challenge for the retail and cloud computing company. The investors will review workers’ rights, their health and safety, Amazon's use of plastic or changes to the company's process for board nominations.
-
Amazon's Net Loss Prompts Query: Has It Built Too Many Warehouses?
In recent years, Amazon has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand.
-
Billionaire Soros Buys Stake In EV Startup Rivian
The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in the company.
