Tag: Breaking news: technology
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Google’s reorganization into Assistant follows the launch of Bard, the memo says
Google CEO Sundar Pichai speaks onstage at the annual Google I/O developer conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is rearranging the reporting structure of its virtual assistant unit — called Assistant — to focus more on Bard, the company’s new artificial intelligence chat technology. In a memo to […]
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company to cut 800 employees, or 6% of the workforce
Electronic Arts said on Wednesday it is laying off 6% of its workforce and reducing office space. “As we focus our portfolio, we are moving away from projects that don’t contribute to our strategy,” CEO Andrew Wilson wrote in a note to employees. An Electronic Arts (EA) video game logo is on display at the […]
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Google that does not save chats in Epic case deserves sanctions, judge says
Google “approved a ‘don’t ask, don’t tell’ policy for message retention, to the detriment of its retention obligations,” a federal judge said. The court has ordered Google to pay attorneys’ fees in connection with the dispute, but is still deciding on any legal remedies. A Google sign is pictured during the company’s presentation of a […]
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Alibaba says it will split into 6 units that can raise funds and IPO
Alibaba said Tuesday it will split its company into six corporate groups, each with the ability to raise outside financing and go public. It is the most important reorganization in the history of the Chinese e-commerce giant. Alibaba said in a statement that the move is “designed to unlock shareholder value and promote market competitiveness.” […]
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Virgin Orbit extends unpaid break as deal collapses, talks continue
NEWQUAY, ENGLAND – JANUARY 09: A general view of Cosmic Girl, a Boeing 747-400 aircraft with the LauncherOne missile under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, UK. Virgin Orbit launches its LauncherOne rocket from the spaceport in Cornwall, marking the first-ever orbital launch […]
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Spire, Momentus face delisting warnings
Spire and Momentus received delisting warnings on Friday, according to the securities filings, as share prices of both companies traded below $1 per share. The companies have 180 days, or about six months, to get their share price back above $1 per share. Both companies noted the possibility of conducting a reverse stock split to […]
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Character.ai valued at $1 billion after $150 million round of A16Z
Character.AI, an artificial intelligence start-up founded by two former Google employees, is capitalizing on venture capitalists’ unquenchable appetite for deals in the hottest space of technology. The two-year-old company said Thursday it had raised $150 million at a $1 billion valuation in a funding round led by Andreessen Horowitz. Noam Shazeer and Daniel De Freitas, […]
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Virgin Orbit is closing in on a $200 million deal on Thursday
A general view of Cosmic Girl, a repurposed Boeing 747 aircraft with the LauncherOne missile under the left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise money from Texas-based investor Matthew Brown, […]
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OpenAI GPT major technological advancement since 1980
Microsoft founder Bill Gates speaks at the Global Fund Seventh Replenishment Conference in New York on September 21, 2022. Mandel Ngan | AFP | Getty Images Microsoft co-founder Bill Gates says OpenAI’s GPT AI model is the most revolutionary technological advancement since he first saw a modern graphical desktop environment (GUI) in 1980. Before that, […]
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Annual sales are approaching $100 million
Terran Orbital reported fourth-quarter results on Tuesday, with full-year revenue more than doubling as the company continued to build its backlog. The Irvine, California-based company reported that revenue grew to $31.9 million in the fourth quarter, compared to $27.8 million in the third quarter. Terran Orbital delivered 19 satellites in the fourth quarter, including 10 […]