Author: Advanced AI Bot

MOUNTAIN VIEW, Calif. (AP) — Google has offered buyouts to another swath of its workforce across several key divisions in a fresh round of cost cutting coming ahead of a court decision that could order a breakup of its internet empire. The Mountain View, California, company confirmed the streamlining that was reported by several news outlets. It’s not clear how many employees are affected, but the offers were made to staff in Google’s search, advertising, research and engineering units, according to The Wall Street Journal. Google employs most of the nearly 186,000 workers on the worldwide payroll of its parent…

(Bloomberg) — Samsung Electronics Co. and Nvidia Corp. will take minority stakes in Skild AI Inc. as they seek to bolster their work in the emerging consumer robotics industry. Most Read from Bloomberg The South Korean tech leader is making a $10 million investment in Skild, which develops software for robots, according to people with knowledge of the matter. The Santa Clara, California chipmaker is putting in $25 million, said the people, who asked not to be identified discussing unannounced plans. The financing is part of the company’s Series B funding round, which will value the company at around $4.5…

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Alphabet, Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google on Tuesday offered buyouts to U.S.-based employees in multiple departments, including the search ads unit. The Details: The company extended the voluntary exit program to workers in several divisions, according to CNBC. Impacted teams include knowledge and information (K&I), central engineering, marketing, research and communications. K&I, which oversees Google’s search, ads and commerce operations, has roughly 20,000 staff. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing…

As companies race to incorporate AI into their workflows, it’s not only models and tools they’re relying on for a competitive advantage but, increasingly, people. Across industries, 66% of business leaders said they would not hire someone without AI skills, according to the 2024 Work Trend Index Annual Report by Microsoft and LinkedIn. Company leaders and professionals in the hiring space say they’re now specifically considering candidates’ proficiency with AI tools and sometimes even prioritizing these skills over professional experience. They’re also reimagining their hiring processes, developing new ways to screen for candidates’ familiarity with and ability to use AI…

(Bloomberg) — Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fueling concerns for profit margins and the risk that depreciation expenses will drag stocks down before companies can see investments pay off. Most Read from Bloomberg “On a cash flow basis they’ve all stagnated because they’re all collectively making massive bets on the future with all their capital,” said Jim Morrow, founder and chief executive officer at Callodine Capital Management. “We focus a lot on balance sheets and cash flows, and so for us they have lost their historical attractive cash flow dynamics.…

Google (NASDAQ:GOOG) is drawing criticism from media executives who say its growing use of artificial intelligence is reducing traffic to news outlets, forcing them to rethink their digital strategies and slash jobs. According to a Wall Street Journal report Tuesday, publishers are reporting major declines in referral traffic as Google’s AI Overviews and chatbot features increasingly serve answers directly to users eliminating the need to click on search results. The shift from a search engine to an answer engine is real, said The Atlantic’s CEO Nicholas Thompson, who added that media companies now have to explore new approaches to stay…

(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang projected that Europe’s artificial-intelligence computing capacity will increase by a factor of ten over the next two years, with more than 20 so-called AI factories in the works. Most Read from Bloomberg “Europe has now awakened to the importance of these AI factories,” said Huang, whose company is supplying chips for virtually every major AI-computing project under construction on the continent. Several of massive data centers will have more than a gigawatt of capacity, potentially ranking them among the largest in the world, he said during a company event jointly held…

OpenAI’s reported deal with Google comes despite competition between ChatGPT and Gemini models OpenAI has finalized a deal with Google to secure more computing capacity to train its AI models, Reuters reported. The deal comes despite competition between the companies’ ChatGPT and Gemini large language models. Google selling capacity to OpenAI potentially reduces its own capacity even as overall cloud demand has outpaced the company’s supply, Google’s CFO said in April. OpenAI has reportedly turned to one of its biggest competitors in the AI arms race to support the training of its ChatGPT models. The ChatGPT developer has finalized a…

(Bloomberg) — Most Read from Bloomberg Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence system that softens English-speaking Indian workers’ accents in real time in a move the company claims will make them more understandable. The technology, called accent translation, coupled with background noise cancellation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. Teleperformance provides outsourced customer support and content moderation…

The S&P 500 rose 0.55% on Tuesday as tech stocks, including Meta and Google, ticked upward. Tariffs may be leaving a cloud over the stock market, but tech companies continue their upward climb, buoyed by investor excitement around artificial intelligence. On Tuesday, Meta’s share price rose 1.20% amid reports that Mark Zuckerberg’s social media giant planned to invest around $15 billion into the startup Scale AI. Meta wasn’t the only tech company to receive a boost on Tuesday. Apple shares rose 0.61%, despite a lackluster performance at its annual developer conference, while Tesla rebounded 5.67% as the public spat between…