Maria Deutscher
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Microsoft reportedly makes job cuts across metaverse, Surface and Xbox units
Microsoft Corp. has reportedly cut jobs at the business units responsible for developing its Surface device lineup, Xbox video game console and metaverse products. Bloomberg reported the development today, citing sources familiar with the matter. The layoffs are said to have been made on Thursday. Like other major tech companies, Microsoft is reducing its headcount ...
Vehicle data provider Otonomo to merge into Urgently
Otonomo Technologies Ltd., a publicly traded provider of vehicle data, will merge with privately held startup Urgently Inc. in an all-stock transaction. The merger was announced on Thursday. Otonomo shareholders are set to receive an approximately 33% stake in the combined company. Urgently’s investors, which include Jaguar Land Rover Ltd. and other major automakers, will ...
China’s JD.com announces plans for ChatGPT rival
JD.com Inc., the largest online retailer in China, has announced plans to introduce an artificial intelligence chatbot with similar features as OpenAI LLC’s ChatGPT. CNBC reported the development today. JD.com’s chatbot will reportedly be known as ChatJD and is described as an “industrial version” of ChatGPT. It’s expected to place a particular emphasis on use ...
Yahoo will lay off 1,600+ workers as part of ad unit restructuring initiative
Yahoo Inc. will lay off more than 1,600 employees, or about 20% of its workforce, as part of an effort to streamline its unprofitable advertising technology business. The news was first reported by Axios this morning. Yahoo, a major player in the early internet, provides tools that help online publishers sell ad space to brands. ...
Meta completes Within Unlimited acquisition after winning antitrust case
Meta Platforms Inc. on Wednesday completed its acquisition of virtual reality startup Within Unlimited Inc. after winning a high-profile antitrust lawsuit focused on the deal. The acquisition reportedly valued Within at $400 million. Previously, the Los Angeles-based startup raised $52.5 million in funding from Andreessen Horowitz and more than a half-dozen other investors. Within is ...
GitHub and GitLab announce job cuts
Microsoft Corp.’s GitHub unit and publicly traded rival GitLab Inc. today both announced layoffs, disclosing plans to let go 10% and 7% of their respective workforces. Neither company specified the exact number of affected employees. GitHub had 2,500 staffers as of April 2021 and added more than 1,000 new employees last year, which suggests the ...
Atlassian debuts Jira Product Discovery to ease product management teams’ work
Atlassian Corp. today debuted Jira Product Discovery, a project management application designed to help companies develop new products and features more efficiently. Nasdaq-listed Atlassian is a major provider of productivity software and development tools. Its best-known product is Jira Software, a task tracking application for developers. Atlassian’s products also lend themselves to a variety of ...
Thanks to jump in rides, Uber’s earnings top expectations
Shares of Uber Technologies Inc. climbed more than 5% today after the company posted better-than-expected financial results for its fourth quarter ended Dec. 31. Uber’s revenue grew 49% year-over-year, to $8.6 billion, more than the $8.49 million that analysts polled by Refinitiv had expected. The company’s adjusted EBITDA, or earnings before interest, taxes, depreciation and ...
Google debuts new AI features for Search and Maps
Google LLC is rolling out a set of artificial intelligence enhancements to its search engine and Google Maps that will enable users to find information more easily. The new features made their debut today at a product event in Paris. According to Google, some of the features will make it simpler to find where a ...
EU internal market commissioner suggests steps to improve bloc’s internet infrastructure
Thierry Breton, the European Union’s Commissioner for the Internal Market, this week outlined a series of steps that the bloc could potentially take to enhance its telecommunications infrastructure. Breton made the suggestions during a Monday speech in Helsinki. He suggested, among other ideas, that tech companies could play a role in financing the rollout of ...