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Top Google Executive Warns AI Is Coming For Your Job: 'There Is No Middle Class'
Mo Gawdat, who left Google X as its chief business officer in 2018, has issued a chilling warning.
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OpenAI Said to Be Working to Remove Non-Profit Control and Give Sam Altman Equity
OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation. Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion (roughly Rs. 12,55,438 crore) after the restructuring as it also tries to remove the cap on returns for investors, sou...
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Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
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'The iPhone Moment of AI' Nvidia to Rent Out Supercomputers Behind ChatGPT to Businesses for $37,000 a Month
Nvidia Chief Executive Jensen Huang on Tuesday laid out the company's plans to make the powerful and expensive supercomputers used to develop AI technologies like ChatGPT available for rent to nearly any business.
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Apple Could Report Its First Decline in Quarterly Revenue in Nearly 4 Years, Say Analysts
Apple is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompt...
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New FTX CEO Says Bankrupt Crypto Exchange Could Restart Business: Report
FTX could be looking into the possibility of reviving its business, Chief Executive Officer John Ray said in an interview on Thursday. Ray, who took over the reins in November, has set up a task force to explore restarting FTX.com, the company's main international exchange.
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Spotify and Other Media Firms Ask EU to Take Action Against Apple's 'Unfair' App Store Practices
Spotify and other media firms like Deezer on Wednesday urged action against Apple in a joint letter to the European Commission. The letter asks the bloc's antitrust regulator's Executive Vice-President Margrethe Vestager to take action against Apple for anticompetitive and unfair practices. Spotify has for years accused Apple of using its App Store...
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Apple CEO Tim Cook Conveyed Concerns About App Store Curbs to Japan PM: Report
Apple Chief Executive Tim Cook asked Japanese Prime Minister Fumio Kishida to consider protecting users when regulating distribution of smartphone apps, Nikkei reported on Friday citing sources. Apple has faced heightened scrutiny over its App Store practices that charge a 30 percent fee on payments and subscriptions and does not allow iPhones to...
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Mark Zuckerberg Teases Neural Interface Wristband That Will Let Users Control Other Devices
Meta chief executive, Mark Zuckerberg, in a Facebook post teased a new smart glasses project with EssilorLuxottica, posting a photo of the eyewear company's chairman sporting a prototype of a neural interface wristband - designed for directing other devices.
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Facebook Appoints Marne Levine as Its First Chief Business Officer
Facebook on Thursday appointed Marne Levine, vice president of global partnerships, as the social media giant's first chief business officer.
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Citi's New CEO Taps Old Strategy With Exits In India, 12 Other Markets
As Citigroup Inc. simplifies its sprawling businesses, new Chief Executive Officer Jane Fraser is reaching for a familiar playbook: her own.
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Intel CEO Pat Gelsinger Announces IDM 2.0 Strategy, to Spend $20 Billion on US Chip Plants
Intel will greatly expand its advanced chip manufacturing capacity as new chief executive Pat Gelsinger announced its IDM 2.0 strategy. The company plans to spend as much as $20 billion (roughly Rs. 1,45,300 crores) to build two factories in Arizona and to open up its factories to outside customers.
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Apple Says Fortnite Maker Wanted Special Deal to Create Own Game Store
Apple on Friday alleged that Epic Games' chief executive had asked it for a "side letter" to create its own game store within the iPhone maker's App Store, which Apple said would have upended the store's commission-based business model.
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GlobalFoundries Eyes New Chip Plant as Washington Mulls Semiconductor Stimulus: CEO
GlobalFoundries could expand output at its flagship US plant or break ground on a new one next to it, the chief executive of the semiconductor contract manufacturer told Reuters on Wednesday.
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Amazon Launches Saudi Arabia Shopping Site Despite CEO's Dispute With Kingdom
Amazon.com on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
-
Top Google Executive Warns AI Is Coming For Your Job: 'There Is No Middle Class'
Mo Gawdat, who left Google X as its chief business officer in 2018, has issued a chilling warning.
-
OpenAI Said to Be Working to Remove Non-Profit Control and Give Sam Altman Equity
OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation. Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion (roughly Rs. 12,55,438 crore) after the restructuring as it also tries to remove the cap on returns for investors, sou...
-
Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
-
'The iPhone Moment of AI' Nvidia to Rent Out Supercomputers Behind ChatGPT to Businesses for $37,000 a Month
Nvidia Chief Executive Jensen Huang on Tuesday laid out the company's plans to make the powerful and expensive supercomputers used to develop AI technologies like ChatGPT available for rent to nearly any business.
-
Apple Could Report Its First Decline in Quarterly Revenue in Nearly 4 Years, Say Analysts
Apple is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompt...
-
New FTX CEO Says Bankrupt Crypto Exchange Could Restart Business: Report
FTX could be looking into the possibility of reviving its business, Chief Executive Officer John Ray said in an interview on Thursday. Ray, who took over the reins in November, has set up a task force to explore restarting FTX.com, the company's main international exchange.
-
Spotify and Other Media Firms Ask EU to Take Action Against Apple's 'Unfair' App Store Practices
Spotify and other media firms like Deezer on Wednesday urged action against Apple in a joint letter to the European Commission. The letter asks the bloc's antitrust regulator's Executive Vice-President Margrethe Vestager to take action against Apple for anticompetitive and unfair practices. Spotify has for years accused Apple of using its App Store...
-
Apple CEO Tim Cook Conveyed Concerns About App Store Curbs to Japan PM: Report
Apple Chief Executive Tim Cook asked Japanese Prime Minister Fumio Kishida to consider protecting users when regulating distribution of smartphone apps, Nikkei reported on Friday citing sources. Apple has faced heightened scrutiny over its App Store practices that charge a 30 percent fee on payments and subscriptions and does not allow iPhones to...
-
Mark Zuckerberg Teases Neural Interface Wristband That Will Let Users Control Other Devices
Meta chief executive, Mark Zuckerberg, in a Facebook post teased a new smart glasses project with EssilorLuxottica, posting a photo of the eyewear company's chairman sporting a prototype of a neural interface wristband - designed for directing other devices.
-
Facebook Appoints Marne Levine as Its First Chief Business Officer
Facebook on Thursday appointed Marne Levine, vice president of global partnerships, as the social media giant's first chief business officer.
-
Citi's New CEO Taps Old Strategy With Exits In India, 12 Other Markets
As Citigroup Inc. simplifies its sprawling businesses, new Chief Executive Officer Jane Fraser is reaching for a familiar playbook: her own.
-
Intel CEO Pat Gelsinger Announces IDM 2.0 Strategy, to Spend $20 Billion on US Chip Plants
Intel will greatly expand its advanced chip manufacturing capacity as new chief executive Pat Gelsinger announced its IDM 2.0 strategy. The company plans to spend as much as $20 billion (roughly Rs. 1,45,300 crores) to build two factories in Arizona and to open up its factories to outside customers.
-
Apple Says Fortnite Maker Wanted Special Deal to Create Own Game Store
Apple on Friday alleged that Epic Games' chief executive had asked it for a "side letter" to create its own game store within the iPhone maker's App Store, which Apple said would have upended the store's commission-based business model.
-
GlobalFoundries Eyes New Chip Plant as Washington Mulls Semiconductor Stimulus: CEO
GlobalFoundries could expand output at its flagship US plant or break ground on a new one next to it, the chief executive of the semiconductor contract manufacturer told Reuters on Wednesday.
-
Amazon Launches Saudi Arabia Shopping Site Despite CEO's Dispute With Kingdom
Amazon.com on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
