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  • Parent company Google to lay off 12,000 employees due to increased focus on AI

    Parent company Google to lay off 12,000 employees due to increased focus on AI

    Jan 20 (Reuters) – Alphabet Inc (GOOGL.O), Google’s parent company, is cutting about 12,000 jobs, or 6% of its workforce, a staff memo said Friday as the tech sector suffers from layoffs and companies do betting on an artificial future. intelligence (AI). Alphabet shares are up nearly 4% in morning trading. The cuts come at […] More

  • Davos 2023: Intimidated Crypto Crowd Feel Winter Freeze at WEF

    Davos 2023: Intimidated Crypto Crowd Feel Winter Freeze at WEF

    DAVOS, Switzerland, Jan. 19 (Reuters) – In the snow and ice on the main highway in Davos, WEF participants clearly see the impact of crypto-winter. Last May, the swanky storefronts on both sides of the Promenade, which runs through the Swiss ski resort, were dominated by bitcoin crypto firms. Now there are only a few […] More

  • Dollar falls to near 9-month low against euro after US inflation data

    Dollar falls to near 9-month low against euro after US inflation data

    NEW YORK, Jan 12 (Reuters) – The US dollar tumbled to a nearly 9-month low against the euro on Thursday after US inflation data showed prices were on a sustained downward trend, raising expectations that The Federal Reserve will be less aggressive going forward. with higher rates. The data showed that in December, prices unexpectedly […] More