Tech News
YouTube Shorts Reaches 500 Billion Daily Views: A Rare Bright Spot for Alphabet
YouTube recently announced that its daily view count for short videos has surpassed 5 billion. This news comes as a rare bright spot for Alphabet, as the company has been facing challenges in various other business ventures. In a phone interview, Google’s Chief Business Officer, Philipp Schindler, described this as an “early stage” for Shorts…
China ChatGPT is Coming: Baidu Stock Rises Over 13% in US, Over 7% in Hong Kong
According to recent reports, Baidu is set to launch China’s ChatGPT. This has led to a surge in Baidu’s stock prices, with the US stock rising by almost 15% and Hong Kong stock by over 7%. Many institutions have released information regarding the significant growth potential for Baidu. Macquarie has adjusted its earnings per share…
Intel’s 2022 Q4: A Disappointing Turnaround with a $700 Million Net Loss
Intel announced its fourth quarter financial results for 2022. The company reported a net loss of $700 million, a significant reversal from the previous year’s profit of $3.4 billion. The loss was attributed to a number of factors, including increased competition and a slowdown in the personal computer market. One of the biggest reasons for…
Amazon’s Second Wave of Layoffs: Over 3,000 Employees in New York, California, and Washington to be Affected
Amazon has recently announced that over 3,000 of its employees in New York, California, and Washington will be losing their jobs. This is part of the company’s second round of large-scale layoffs. The company has submitted layoff notices to these three states in accordance with legal requirements over the past two weeks. According to documents,…
Alphabet to Lay off 12,000 Employees Amid Accelerated Tech Industry Cutbacks
Alphabet, the parent company of Google, has announced that it will lay off 12,000 employees in a memo to staff. This move comes as the latest indication of accelerated layoffs in the US tech industry. In a similar move, Microsoft, a competitor of Google, announced on January 18th that it will lay off 10,000 employees…
Uber partners with car manufacturers for low-cost electric vehicles for ride-hailing and delivery
Uber is reportedly working with car manufacturers to design cost-effective electric vehicles for its ride-hailing and delivery services. This is part of the company’s effort to electrify its fleet. Uber CEO Dara Khosrowshahi announced at an event that the company is collaborating with manufacturers to develop vehicles that are optimized for urban use, transporting passengers…
Google’s Pixel Fold to Enter Mass Production in Q3 2023
Google’s highly-anticipated foldable phone, the Pixel Fold, will not be released in the first half of this year, according to recent reports from The Elec. Instead, the device is expected to be available in the 4th quarter of 2023. The Pixel Fold will feature a 7.57 inch foldable inner screen and a 5.78 inch outer…
Netflix to expand crackdown on password sharing in Q1 2023
Netflix has announced plans to expand its efforts to curb account sharing by introducing paid account sharing in the first quarter of 2023. According to the company, widespread account sharing has weakened its ability to invest in and improve the service. In a statement, Netflix said, “Widespread account sharing (exceeding 100 million households) has weakened…
Microsoft Integrates AI Tools Like ChatGPT into All Products
Microsoft CEO Satya Nadella announced plans to integrate AI tools such as ChatGPT into all of its products and offer them as a platform for other businesses to use. Nadella stated that Microsoft will rapidly advance the commercialization process of OpenAI tools. He also revealed that every future Microsoft product will include some AI features,…
LG Display to Shift Focus to OLED and Automotive Markets
LG Display, the South Korean manufacturer of LCD panels, may continue to cut production of LCD television panels after closing its 7.5 generation panel factory in Paju, South Korea by the end of 2022. In early December 2022, media reported that the company plans to stop production of LCD television panels in South Korea. The…