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“Google CEO Sundar Pichai grilled over possible layoffs” Google CEO Sundar Pichai refused to rule out layoffs when pressed on the topic by anxious employees during an all-hands meeting, according to a report. Pichai fielded questions from employees on Thursday, including one who wondered whether there were plans to “cull” the company workforce sometime next…
“Meta ditches office space at Hudson Yards as tech giant cuts costs” Facebook’s parent company Meta is ditching office space that it rented out at the Hudson Yards complex in New York City — the latest sign of belt-tightening at the Silicon Valley-based tech giant that recently laid off thousands of employees. Meta will vacate…
“Google parent Alphabet urged to cut costs by hedge fund TCI” Activist investor TCI Fund Management on Tuesday called on Alphabet to cut costs and take aggressive action, saying the Google parent has too many employees and should increase share buybacks. “The company has too many employees and cost per employee is too high,” the hedge fund said in a letter to…
“Google to pay $400M to settle location-tracking suit: report” Alphabet’s Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users’ locations, the Michigan Attorney General’s Office said Monday. The investigation and settlement, which was led by Oregon and Nebraska, is a sign of mounting legal headaches for…
“Elon Musk and Sergey Brin were at birthday party for billionaire’s wife: report” Elon Musk’s selfie with Google co-founder Sergey Brin — taken around the time that the Wall Street Journal reported that Musk slept with Brin’s estranged wife — was reportedly snapped at the 40th birthday party of the wife of a billionaire Silicon…
“Alphabet’s Google posts higher quarterly revenue” Alphabet on Tuesday barely missed estimates for quarterly revenue, showing that its industry-leading Google search and advertising business may be able to withstand big countries potentially going into recession over the next year. Shares of Alphabet rose 3.5% in after-hours trading. Alphabet reported second-quarter revenue of $69.69 billion, 13% higher than the…
“Google offers concessions to avoid antitrust lawsuit: report” Alphabet’s Google has offered concessions to avoid a potential US antitrust lawsuit against its advertising technology business, the Wall Street Journal reported Friday, citing people familiar with the matter. Google has proposed spinning off parts of its business that auctions and places ads on websites and apps into a…
“Suspended Google engineer claims ‘sentient’ AI bot has hired a lawyer” The Google engineer who was placed on administrative leave after claiming that one of the company’s artificial intelligence bots was “sentient” says that the AI bot known as LaMDA has hired a lawyer. In Medium post published last Saturday, Lemoine declared LaMDA had advocated for its…
“Google co-founder Sergey Brin — who’s worth $93 billion — files for divorce” Sergey Brin — the Google co-founder who is the seventh richest person in the world with a net worth of $93 billion — has filed to divorce his wife of four years, according to a report. Brin, 48, filed divorce papers to…
“Facebook secretly planted op-eds to lobby against tech reform: report” Facebook used a front group to secretly plant op-eds in local newspapers nationwide in order to lobby Washington to back down from antitrust legislation aimed at improving competition in tech, according to a bombshell report. American Edge, a political advocacy group that was founded by…