SOFW1

ChatGPT units report for fastest-growing person base – analyst notice

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Feb 1 (Reuters) – ChatGPT, the favored chatbot from OpenAI, is estimated to have reached 100 million month-to-month lively customers in January, simply two months after launch, making it the fastest-growing shopper utility in historical past, based on a UBS research on Wednesday. The report, citing knowledge from analytics agency Similarweb, mentioned a median of … Read more

Finish of easy-cash period goes to harm

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LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to repair the identify of CIO within the “Going Personal” part to Nicoll from Nicole) The tip of the easy-cash period is over and its impression but to be felt on world markets, hopeful that the ache of aggressive price hikes and excessive … Read more

Norway wealth fund posts document $164 bln loss

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Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

China’s Baidu to launch ChatGPT-style bot in March – supply

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BEIJING, Jan 30 (Reuters) – Chinese language web search main Baidu Inc (9888.HK) is planning to launch a synthetic intelligence (AI) chatbot service much like OpenAI’s ChatGPT in March, an individual accustomed to the matter advised Reuters. The expertise agency plans to launch the service as a standalone software and step by step merge it … Read more

Musk bullish on Tesla gross sales as value cuts enhance demand

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Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive value cuts have ignited demand for its electrical automobiles, Chief Govt Elon Musk mentioned on Wednesday, enjoying down considerations {that a} weak economic system would throttle patrons’ curiosity. The corporate barely beat Wall Road targets for fourth-quarter income and revenue earlier on Wednesday regardless of a pointy … Read more

IBM cuts 3,900 jobs, misses annual money goal

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Jan 25 (Reuters) – IBM Corp (IBM.N) on Wednesday introduced 3,900 layoffs as a part of some asset divestments and missed its annual money goal, dampening cheer round beating income expectations within the fourth quarter. Chief Monetary Officer James Kavanaugh advised Reuters that the corporate was nonetheless “dedicated to hiring for client-facing analysis and improvement”. … Read more

Microsoft cloud outage hits customers world wide

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Outage impacts Microsoft cloud platform Azure for hours A number of Microsoft companies together with Groups and Outlook hit Microsoft says most clients now have service restored Shares down 3.2% Jan 25 (Reuters) – Microsoft Corp (MSFT.O) mentioned on Wednesday it had recovered all of its cloud companies after a networking outage took down its … Read more

Spotify to trim 6% of workforce in newest tech layoffs

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Jan 23 (Reuters) – Spotify Know-how SA (SPOT.N) stated on Monday it plans to chop 6% of its workforce and would take a associated cost of as much as practically $50 million, including to the large layoffs within the expertise sector in preparation for a attainable recession. The tech trade is going through a requirement … Read more

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

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Jan 20 (Reuters) – Google’s father or mother Alphabet Inc (GOOGL.O) is reducing about 12,000 jobs because it faces “a distinct financial actuality”, it mentioned in a employees memo, doubling down on synthetic intelligence (AI) and axing employees who assist experimental tasks. The job cuts have an effect on 6% of its workforce, and follows … Read more

Microsoft to shed 10,000 jobs, including to glut of tech layoffs

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DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) on Wednesday stated it could get rid of 10,000 jobs and take a $1.2 billion cost to earnings, as its cloud-computing prospects reassess their spending and the corporate braces for potential recession. The layoffs add to the tens of hundreds introduced in current months throughout the … Read more