Tag: Tech giants

This article talks about the US stock market which is gaining significantly due to artificial intelligence tools such as ChatGPT. Learn about the tech giants involved, cost-saving measures, and how British Telecom has benefited from AI. AI technology is projected to bring immense growth to the stock market.

This year has been a turbulent time for major corporations. To cope with the difficult economic conditions of 2022, tech giants Google, IBM, and Dropbox have made job cuts and realigned their strategies. Their focus has shifted to more promising sectors, such as artificial intelligence. AI expert and Brookings Institute Senior Fellow, Mark Muro, has voiced criticism of these decisions, alleging that job losses are a result of poor management. The affected companies insist these changes will enable them to expand, meaning a need for inventory of ML engineers and NLP experts to replace some of those positions on the chopping block. Advances such as ChatGPT & GPT-4 are already affecting smaller operations and jobs, leaving some roles obsolete. Muro encourages self-reflection to remain competitive. Companies such as Genies, who recently purchased ChatGPT, are also transitioning to AI, requiring difficult decisions on the part of businesses.

This article focuses on the major investments of Microsoft in OpenAI, the success of Robert Gomez when his coffee grinder sales skyrocketed and the fates of internships and streaming services post pandemic. It further discusses the issues of AI music and Amazon Web Services (AWS) as well as scams and electric vehicles. Let's find out how these events have impacted the tech industry.

Google Cloud has achieved its first profitable quarter after years of heavy investments and losses. Parent company Alphabet reported $7.45 billion in revenue and impressive $191 million in operating income. Despite this success, profits still lag behind Google Cloud’s two biggest competitors, AWS and Azure. But, Google Cloud has earned greater trust from globally renowned corporations such as PayPal and UPS. The potential for further growth depends on adapting to changing technological and economic conditions.

This article examines the increasing use of AI for hiring decisions, with two-thirds of Americans feeling uncomfortable about it. Companies such as Amazon, Goldman Sachs, and Unilever have implemented AI-powered video analysis tools, but many are concerned about bias. Some argue that AI can offer advantages but there is a public debate brewing about the role of AI and how it affects labor.