Communications stocks are getting pummeled, weighing on indexes for the second day in a row. The S 500 Communication Services Sector is down roughly 7% since Tuesday afternoon, its worst two-day decline since falling 8.7% in October. Google-parent Alphabet is off to a slow start in its growing artificial intelligence rivalry with Microsoft, posting its [largest two-day loss in market cap on record](https://www.wsj.com/livecoverage/stock-market-news-today-02-09-2023/card/google-parent-alphabet-st...
Continue ReadingYesterday, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) gave everyone a glimpse of its Bard artificial intelligence (AI) technology, a competitor to OpenAI's ChatGPT, and investors have been so unenthused with what the company unveiled that they've driven Alphabet's stock down for two days straight. Alphabet held an AI event on Wednesday in which it showed off its Bard AI technology, a conversational search tool that the company wants to use to take on ChatGPT. Bard's incorrect answer was a blow to Alphabet for two reasons...
Continue ReadingYahoo intends to lay off more than 20% of its staff as it changes the way it approaches its work in advertising technology...
Continue Reading2023 is on pace to surpass 2022 for global tech redundancies, according to data tracker Layoffs.fyi...
Continue ReadingFor Alphabet's Google, the rise of natural-language search means both a new competitive threat from Microsoft Bing—and higher costs of doing business...
Continue ReadingAlphabet extends fall...
Continue ReadingMARKET PULSE Japan’s Fair Trade Commission on Thursday recommended opening up third-party app stores, a potential blow to Apple Inc. (AAPL) and Alphabet Inc.’s (GOOGL) (GOOG) Google. In a market study on mobile operating systems and mobile app distribution, the JFTC suggested changes for the tech giants, including allowing third-party app stores, as well as letting developers offer their own in-app payment payment systems or the ability to use third-party systems...
Continue ReadingGoogle unveiled its latest AI-focused product features on Wednesday, but concerns over the innovations actually unveiled have seen billions come off the company's market value...
Continue ReadingArtificial intelligence might be about to change the way the internet works forever, according to its proponents. The mainstream popularity of conversational AI system ChatGPT, and its integration into Microsoft’s Bing, are a peek at the kinds of changes that supporters of artificial intelligence have long suggested are coming. Both ChatGPT and the new Bing are about gathering information from the internet and presenting it to users in a sometimes new, sometimes old form...
Continue ReadingGoogle reported disappointing results for 2022. GOOGL is making the right moves to increase efficiency. Click here for more on GOOG...
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