Tech Industry

Google and ChatGPT

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 »

AI force accelerates Salesforces’ future course

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 »

Lay-off Mania

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%

Lay-off Mania Read More »

Microsoft Will Lay Off Almost 5% of Companies Workforce

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

Microsoft Will Lay Off Almost 5% of Companies Workforce Read More »

Genesis Global Capital – another bankruptcy?

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 »