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How Google lost its way
  + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com   time to read: +17 min
Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.
Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, , Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon,
Would you like to get inside the mind of Wall Street's junior bankers? Insider's Emmalyse Brownstein got her hands on recruitment firm Odyssey Search Partners' survey of first-year investment banking analysts. Click here to check out 13 of the most interesting data points from a survey of first-year investment banking analysts. 3. Business students don't want to work on Wall Street. Almost 90,000 business students from around the globe were surveyed on the top employers they would most want to work for.
Caesar Sengupta spent 15 years at Google and was its payments chief before leaving in 2021. Arta is backed by investors such as Sequoia Capital India and Ribbit Capital. Sengupta left Google in April of last year with seven other Google employees to start Arta: Charles Dong, Chirag Yagnik, David Shapiro, Edward Chiang, Felix Lin, Mark Striebeck, and Zelidrag Hornung. "This is so different from what Google does, we left and Google was extremely supportive," said Sengupta. Sengupta and other former Google executives on the Arta team left in the midst of a series of exits of high-ranking Google employees.
Nov 2 (Reuters) - Arta Finance, a fintech that aims to replicate the family office experience for a wider audience through artificial intelligence, debuted on Wednesday with $90 million in funding from investors who include Betsy Cohen and former Google (GOOGL.O) chief Eric Schmidt. While family offices cater to those with hundreds of millions in assets, Arta is targeting those with $100,000 to several million dollars in investable assets, Sengupta said. BNY Mellon's (BK.N) Pershing will serve as Arta's broker and custodian and offer credit lines to eligible investors. "We're actually really trying hard to scale as much as we can to get to as many people who we can serve," said Sengupta. Reporting by Hannah Lang in Washington; Editing by Lananh Nguyen and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
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