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The Chilean government announced a partnership with Alphabet's Google on Wednesday to build the first undersea fiber-optic cable between South America and Asia Pacific. The Humboldt Cable Project will connect Chile's port city of Valparaiso with Sydney, Australia through 14,800 kilometers (9,200 miles) of fiber-optic cable with a capacity of 144 terabytes and a 25-year lifespan, according to a government press release. "This cable will consolidate Chile's position as the center of digital activity in South America," President Gabriel Boric said during a press conference in Valparaiso...
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Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the e-commerce giant's businesses this week as the technology industry continues to shed roles in the new year. In a memo sent to employees Thursday, Audible CEO Bob Carrigan said the company is in good shape, but faces an "increasingly challenging landscape.” “We did not take this route without considerable thought,” Carrigan said...
Continue ReadingIn this article, we will take a look at the 20 companies with the most employees in the US. If you want to skip our discussion on the employment trends in the US, you can go directly to the 5 Companies With The Most Employees In The US. The US labor market has experienced significant […]...
Continue Reading(Bloomberg) -- In one of Apple Inc.’s biggest board shake-ups in years, longtime directors Al Gore and James Bell will be retiring from the company, with former Aerospace Corp. Chief Executive Officer Wanda Austin coming aboard.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUK’s Sunak Authorizes Joint Military Strikes With US Against HouthisHertz to Sell 20,000 EVs in Shift Back to Gas-Powered CarsUS, UK Launch Airstrikes on Houthi Rebels After Red Sea Attack...
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Al Gore is stepping down from Apple’s Board of Directors – but only because he’s too old to be renominatedreelected...
Continue ReadingOpenAI CEO Sam Altman met Republican U.S. House of Representatives Speaker Mike Johnson on Capitol Hill on Thursday and the two discussed the risks of artificial intelligence, the lawmaker's office and the ChatGPT maker's boss said. The administration of Democratic U.S. President Joe Biden has been pressing lawmakers for AI regulation, but a polarized U.S. Congress, where Republicans control the House and Democrats have a Senate majority, has made little headway in passing effective regulation...
Continue ReadingThe integration of generative AI in smartphones is expected to spur “a new upgrade cycle” in 2024 after years of sluggish sales, according to Qualcomm CEO Cristiano Amon...
Continue ReadingApple board of directors is getting a shake up. Longtime Apple board member Al Gore is retiring from the board, the company announced Thursday. “For more than 20 years, Al has contributed an incredible amount to our work—from his unconditional support for protecting our users’ privacy, to his incomparable knowledge of environment and climate issues,” Apple Chief Executive Tim Cook said in a statement...
Continue Reading(Bloomberg) -- What’s the most important price in the global economy? The price of oil? The price of semiconductors? The price of a Big Mac? More important than any of these is the price of money. For more than three decades it was falling, but now it’s set to rise. In the mini-documentary The Rising Cost of Money, Bloomberg Originals explains why this is happening—and what it means for you.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUK’s Sunak Authorizes...
Continue ReadingIn a securities filing early Thursday, Hertz said it would be selling about 20,000 vehicles, partly unwinding a push it began in late 2021. Hertz didn’t specify which type of EVs would be sold but most of them likely are Teslas since Teslas accounted for about 80% of its EV fleet. While Hertz made a big push into EVs with about 11% of its fleet of nearly 600,000 vehicles being electric, Avis moved more cautiously...
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