Since OpenAI’s launch of ChatGPT in late November of 2022, the chatbot has become the fastest-growing consumer app in history, reaching 100 million users by January. Its quick rise to popularity can be attributed to the disturbingly human-like responses that provide information with more ease and accuracy than traditional search engines. Moreover, there are more […]
Google and ChatGPT Read More »
Amid awe and aggravation against ChatGPT’s launch, Salesforce is now onboard the AI ship as it has released its plan to increase its spending, to invest in AI-fueled services. Coining the term “Einstein GPT”, Salesforces’ CEO, Marc Beinoff stated that the company would release specific AI software to boost performance in the sales sector. Currently,
AI force accelerates Salesforces’ future course Read More »
Silvergate Capital Corp’s stock price tanked by almost 40% in after-hours trading on Wednesday. This was the market reaction to a statement from the company that the crypto bank was shutting down its operations. They reported a loss of $1 billion in their fourth-quarter results and companies like Coinbase and Binance were quick to announce
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Zoom will join big tech companies in the mass lay-off scheme fueled by less-than-anticipated demand. On Tuesday, Zoom Video Communications stated its intent to cut around 1,300 jobs, incurring a charge of about $68 million dollars. Zoom’s shares closed about 9,9% higher but did suffer losses in extended trading. As these cuts affected about 15%
Microsoft and Google hit the ground running this week in the race to create the perfect AI-powered search engine. In an announcement on Tuesday, Microsoft revealed that Bing (the official Microsoft search engine) now had an integrated ChatGPT search bar that users could type questions into. The key attraction about this addition is that search
“The Race Starts Today”: Satya Nadella Read More »
Twitter and Elon Musk continue to remain at the forefront of public attention as Musk’s relentless Twitter fingers have landed him in more legal trouble as he faces a court-action lawsuit from Tesla investors for his two tweets about taking Tesla private. In August 2018 Musk tweeted that he would buy back shares at 420$/share
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In a company blog post, Microsoft CEO Mr. Satya Nadella explained that the company is expecting an economic slowdown, especially in countries where the threat of a looming recession is most severe. Mr. Nadella stated that 10,000 employees would be laid off, representing less than 5% of the company’s global workforce overall. The sectors most affected
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Genesis Global Capital, the cryptocurrency lending unit of Digital Currency Group has filed for bankruptcy amid liquidity concerns. The fall of the Three Arrows Capital as well as the recent FTX bankruptcy are some of the major factors that have led to Genesis’s cash shortages. In November, Genesis had reportedly suspended withdrawals as it had
Genesis Global Capital – another bankruptcy? Read More »
In a series of tweets released on Monday, Twitter’s CEO, Elon Musk announced that Apple threatened to remove Twitter from its app store. According to Musk, Apple has already removed many advertisements from the platform. Quoting Apple’s fees as a “secret 30% tax”, Musk disclosed that he wasn’t sure why Twitter was taking that course
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Mark Zuckerberg, the founder of Facebook and its parent company, Meta Platforms, is facing fines of up to $276 million dollars, issued by Ireland’s Data Protection Commission. After a prominent data breach that occurred in 2021, the commission’s authorities have rigorously investigated the company’s privacy policies. The data breach in 2021 resulted in exposing the
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