Companies invest in A.I. as they reduce expenses in other areas

Companies invest in A.I. as they reduce expenses in other areas

As tech companies look to cut costs, investors are interested in hearing about their efforts to boost profitability. However, they are also eager to know about the significant investments being made in the field of artificial intelligence. This week, Alphabet, Microsoft, Amazon, and Meta announced their quarterly results, highlighting their ...

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Zuckerberg highlights AI strength as digital advertising improves outlook

Zuckerberg highlights AI strength as digital advertising improves outlook

On Wednesday, Meta Platforms Inc CEO Mark Zuckerberg announced that the company is utilizing AI to increase traffic on Facebook and Instagram and generate more revenue from digital advertisements. Furthermore, the company predicted a quarterly revenue that surpasses analyst forecasts. After announcing its better-than-expected first-quarter financial results, Meta Platforms Inc’s ...

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Amazon Announces Layoffs in HR and Cloud Units

Amazon Announces Layoffs in HR and Cloud Units

On Wednesday, Amazon initiated the process of laying off certain employees who were working in its human resources and cloud computing departments. The Chief Executive Officer of Amazon Web Services, Adam Selipsky, and the Head of Human Resources, Beth Galetti, both sent out messages to their teams based in the ...

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