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Showing posts with the label CNBC work

Google CEO tells employees some of company’s top products ‘were not first to market’ as A.I. pressure mounts

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  KEY POINTS Google CEO Sundar Pichai sent a companywide email, telling employees to spend a few hours testing Bard. After facing criticism about the company’s slow response to ChatGPT, Pichai said “some of our most successful products were not first to market.” Microsoft has partnered with OpenAI, creator of ChatGPT, to integrate the artificial intelligence technology into Bing, its search engine. In this article MSFT -1.24 (-0.46%) GOOGL -0.65 (-0.67%) Follow your favorite stocks CREATE FREE ACCOUNT Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO Summit entered its second day of events with a formal signing for the “International Coalition to Connect Marine Protected Areas” and a speech from U.S. President Joe Biden. (Photo by Anna Moneymaker/Getty Images) Anna Moneymaker | Getty Images News | Getty Images Google  CEO  Sundar Pichai  told employees on Wednesday to

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire

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  KEY POINTS Genesis Trading filed for bankruptcy protection after suffering crippling losses from the collapses of FTX and hedge fund Three Arrows Capital. Genesis is a part of Barry Silbert’s Digital Currency Group, which has seen mounting problems in recent months. Some of Genesis’ largest clients include Circle, which operates stablecoin USD Coin, and Gemini, which is backed by the Winklevoss twins. In this article USDC.CM= +0.0000097155570984 (+0.00%) ETHE +0.69 (+8.84%) GBTC +0.72 (+6.28%) GEL UNCH Follow your favorite stocks CREATE FREE ACCOUNT WATCH NOW VIDEO 03:27 Crypto broker Genesis files for Chapter 11 bankruptcy Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to a business once at the heart of Barry Silbert’s Digital Currency Group. The company listed over 100,000 creditors in a “mega” bankruptcy filing, with agg

Twitter is down to fewer than 550 full-time engineers

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  KEY POINTS Internal records show that Twitter has shed about 80% of its employees since Elon Musk took over and headcount is hovering around 1,300 working employees today. With fewer than 550 full-time engineers now, one former Twitter engineer says the remaining team will be spread thin, and will likely have a hard time maintaining the service while adding new features. In addition to the 1,300 full-time Twitter employees, new owner and CEO Elon Musk has authorized about 130 people from his other companies, including Tesla, SpaceX and The Boring Co., to work for the social media business. In this article TWTR +0.35 (+0.66%) Follow your favorite stocks CREATE FREE ACCOUNT Pedestrians outside Twitter headquarters in San Francisco on Oct. 6, 2022. David Paul | Bloomberg | Getty Images Twitter’s full-time headcount has dwindled to approximately 1,300 active, working employees, including fewer than 550 full-time engineers by title, according to internal records viewed by CNBC. Around 75

Tesla stock has dropped more than 35% since Elon Musk first said he’d buy Twitter

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  KEY POINTS Musk first announced he’d buy Twitter in April. Tesla shares are down 35% since then. The world’s richest man has a lot on his plate. In this article TSLA +1.58 (+0.76%) Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Since  Tesla  CEO  Elon Musk  announced his bid to buy social network  Twitter , shares in his electric vehicle maker have dipped by more than 35%, and closed down just 3.6% for the day on Friday, amid a market rally that followed a volatile week. By way of comparison, the Nasdaq Composite is down by about 18% over the same time frame. Musk first announced he had agreed to buy Twitter on April 25, 2022. Tesla shares closed that day at $332.67, and closed today at $207.47 capping his first full week of Twitter ownership. Musk spoke at the 29th annual Baron I