Tag: BLOOMBERG
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Tech CEOs Confirm Attendance at Trump’s Inauguration
– Major tech CEOs confirmed for Trump’s inauguration include Jeff Bezos, Mark Zuckerberg, and Sundar Pichai. – Bezos, Zuckerberg, and Pichai each donated USD 1 million to the inaugural fund. – TikTok CEO Shou Chew’s attendance comes amidst operational concerns for the app. – Elon Musk is excited to attend, feeling honored to join fellow…
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Job Cuts Announced by Microsoft and Meta Amidst Tech Industry Turmoil
Microsoft and Meta are set to lay off thousands of employees as part of restructuring efforts. Microsoft will initiate small layoffs in various departments, while Meta plans to cut about 3,600 jobs, representing 5% of its workforce. CEO Mark Zuckerberg has emphasized swift action against underperformers. Both companies assure that severance packages will be provided…
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FTC Launches Antitrust Investigation into Microsoft
The U.S. Federal Trade Commission has launched an antitrust investigation into Microsoft, focusing on its software licensing and cloud services. The inquiry suggests potential misuse of market power, hindering competition. Microsoft faces criticism from competitors regarding its practices and pricing strategies related to Azure cloud services, especially against the backdrop of potential shifts in the…
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Apple Gains Momentum in AI as Competitors Encounter Growth Challenges
Apple is enhancing its AI capabilities with the upcoming iOS 18.2, which features integration with ChatGPT and other AI applications. In contrast, major AI companies like OpenAI and Google face growth challenges and slowdowns in their innovation efforts. Apple’s strategy of introducing functional AI features through its ecosystem may position it as a key competitor…