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☆ Google CEO Sundar Pichai explains why the company keeps doing layoffs
▼ + stars: | 2024-05-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Google is conducting waves of ongoing layoffs intentionally, according to Sundar Pichai. Sundar Pichai said the company is "taking the time to do it correctly and well" in a Bloomberg interview. The company started 2024 with thousands of cuts, particularly from engineering and hardware teams. Google CEO Sundar Pichai told Bloomberg reporter Emily Chang that the company is "taking the time to do it correctly and well." A Google spokesperson told BI that the company made a number of changes to become more efficient, remove layers, and align resources to its biggest priorities.

Persons: Sundar Pichai, —, Emily Chang, Pichai, v5p Organizations: Google, Bloomberg, Service Locations: Bangalore, Mexico City, Dublin

☆ Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results
▼ + stars: | 2024-04-25 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. There were other reasons for skepticism ahead of Alphabet's earnings report. Like Meta, Alphabet is pouring money into AI. Last month, Alphabet announced a suite of products, including Vertex AI, a no-code console for enterprise companies to build their own AI agents. With first-quarter results in the rearview mirror, Alphabet now has to keep up with heightened expectations, which will only increase as competitors roll out more generative AI products.

Persons: Sundar Pichai, Emily Chang, Ruth Porat, missteps, Investors, Mark Zuckerberg, Pichai, he's, Prabhakar Raghavan, Raghavan Organizations: APEC, Summit, Moscone West, YouTube, Nasdaq, Nvidia, Amazon, Meta, Revenue, Google, Amazon Web Services, Microsoft, rollouts Locations: San Francisco , California, San Francisco, U.S

☆ Jamie Dimon says the future of the world depends on whether the US can sort out its relationship with China
▼ + stars: | 2024-04-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewHow the US handles its shaky relationship with China will affect the future of the world, says JPMorgan chairman and CEO Jamie Dimon. "It's the thread from Ukraine, oil and gas, food, migration, all our relationships, the most important one being China," Dimon told Bloomberg's Emily Chang in an interview that aired Wednesday. Related storyDimon's fresh remarks on China come as the world's second-largest economy finds itself in a fraught relationship with the US. And in January, CIA chief William J. Burns said China is a far bigger threat to the US than Russia. But while Dimon did single out China as a significant risk to the world, he told Chang that he is optimistic that the US could manage them.

Persons: —, Jamie Dimon, Dimon, Emily Chang, Chang, William J, Burns, Joe Biden, Donald Trump, Biden, They've, they're, America's Organizations: Service, Business, JPMorgan Global China Summit, Reuters, CIA, Affairs, Wednesday Locations: China, Ukraine, Russia, Shanghai, Pennsylvania

☆ China's 5% GDP goal is 'attainable' but it won't be easy, says Hong Kong's financial secretary
▼ + stars: | 2024-03-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

China's GDP target of 5% for 2024 is possible, but it won't be easy to achieve, Hong Kong's financial secretary told CNBC Tuesday after Beijing set a growth target of "around 5%" for this year. I think this is attainable, although it's not easy," Hong Kong's Financial Secretary Paul Chan told CNBC's Emily Chan, highlighting bright spots in China's export sector and domestic consumption. So this represents also a huge market for China's export," Chan said, adding that "we expect the export situation of the mainland will improve particularly into developing Asia." Domestic consumption is also a key driver for the city's growth in the short term, said the financial secretary. Hong Kong's GDP is projected to grow 2.5% to 3.5% this year.

Persons: it's, Paul Chan, CNBC's Emily Chan, Chan, Goldman Sachs Organizations: CNBC, Kong's, ASEAN, Association of Southeast, Nations, U.S . Locations: Beijing, China, Asia, U.S, Macao, Hong Kong

☆ Google CEO tells employees Gemini AI blunder ‘unacceptable’
▼ + stars: | 2024-02-28 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. In a memo Tuesday evening, Google CEO Sundar Pichai addressed the company’s artificial intelligence mistakes, which led to Google taking its Gemini image-generation feature offline for further testing. Google introduced the image generator earlier this month through Gemini, the company’s main group of AI models. Over the past week, users discovered historical inaccuracies that went viral online, and the company pulled the feature last week, saying it would re-launch it in the coming weeks. This has to be our approach for all our products, including our emerging AI products.”Read the full text of the memo here:

Persons: Sundar Pichai, Emily Chang, Pichai, “, ” Pichai, Bard, Gemini, “ We’ve, ” Organizations: APEC, Summit, Moscone West, Google, Semafor, Gemini Locations: San Francisco , California

☆ AI can 'disproportionately' help defend against cybersecurity threats, Google CEO Sundar Pichai says
▼ + stars: | 2024-02-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Justin Sullivan | Getty Images News | Getty ImagesMunich, GERMANY — Rapid developments in artificial intelligence could help strengthen defenses against security threats in cyber space, according to Google CEO Sundar Pichai. Amid growing concerns about the potentially nefarious uses of AI, Pichai said that the intelligence tools could help governments and companies speed up the detection of — and response to — threats from hostile actors. But AI, I think actually, counterintuitively, strengthens our defense on cybersecurity," Pichai told delegates at Munich Security Conference at the end of last week. Sundar Pichai CEO at GoogleHowever, Pichai said that AI was also lowering the time needed for defenders to detect attacks and react against them. Google last week announced a new initiative offering AI tools and infrastructure investments designed to boost online security.

Persons: Sundar Pichai, Emily Chang, Justin Sullivan, Pichai, —, Hillary Clinton, Mark Hughes, DXC, Hughes, That's Organizations: APEC, Summit, Moscone West, Getty, Munich, Cybersecurity Ventures, Britain's, Cyber Security, Google, MSC, Adobe, IBM, Meta, Microsoft, Twitter, U.S, Iran's, Guard, CNBC Locations: San Francisco , California, San Francisco, Munich, GERMANY, cybersecurity, GCHQ, Russia, China, Iran

Ilia Malinin established such a big lead after his peerless short program at the U.S. After starting his program with a textbook quad axel — a jump only Malinin has landed in competition — he doubled a planned quad loop, fell on a quad lutz and doubled another planned quad. He followed with a perfect quad lutz before a mistake on his planned quad loop, which he turned into a double that appeared to slow down his momentum. Malinin recovered to land a quad salchow before falling on his quad lutz. The 29-year-old Brown, performing his “The Impossible Dream” program from last year, opened with two brilliant triple axels — one in sequence with a double — after missing the same jump during his short program.

Persons: Ilia Malinin, axel —, lutz, ”, ” Malinin, Jason Brown, Malinin, axel, Roman Skorniakov, “, Brown, Tracy Wilson, ” Brown, Giacomo Puccini, Pulkinen, ” Pulkinen, Emily Chan, Spencer Howe, Ellie Kam, Danny O'Shea, Valentina, Maximiliano Fernandez, Chan, Howe, Madison Chock, Evan Bates, Christina Carreira, Anthony Ponomarenko, Emily Bratti, Ian Somerville, Amber Glenn, Isabeau Levito, ___ Organizations: peerless, U.S, Camden, HBO, Nationwide, Skate America, Prix de France, Skating, Madison Locations: Columbus , Ohio, Montreal, U.S

Emily Chan and Spencer Howe overcame their short preparation to the U.S. Figure Skating Championships to score 65.86 points and take a narrow lead over the duo of Ellie Kam and Danny O'Shea after the pairs short program Thursday. Chan and Howe were competing for the first time since his shoulder forced the reigning silver medalists to miss the majority of the season. Otherwise, Chan and Howe appeared to be pleased with their program inside Nationwide Arena in Columbus, Ohio. Kam and O'Shea were second with 64.57 points after his two-footed landing on their triple salchow and her mistake on their throw triple loop.

Persons: Emily Chan, Spencer Howe, Ellie Kam, Danny O'Shea, Chan, Howe, Kam, O'Shea, Katie McBeath, Daniil Parkman, Madison Chock, Evan Bates, Isabeau Organizations: U.S, Nationwide Locations: Columbus , Ohio, U.S

☆ Google CEO Sundar Pichai compares AI to climate change at APEC CEO Summit
▼ + stars: | 2023-11-16 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Google CEO Sundar Pichai said artificial intelligence is like climate change in that it will proliferate worldwide, and that people across the globe share a responsibility to create guardrails. At the Asia-Pacific Economic Cooperation (APEC) CEO summit in San Francisco on Thursday, Pichai was asked by Bloomberg's Emily Chang how to get to a global consensus on "smart AI regulation." I think that's true for AI." Pichai said countries have a shared responsibility to build global frameworks — something he's warned about in recent months.

Persons: Sundar Pichai, Pichai, Emily Chang, Joe Biden, Xi Jinping Organizations: Americas, U.S . Chamber, Commerce, Google, Economic Cooperation Locations: Los Angeles , California, Asia, San Francisco, Japan

A logo of Taiwanse chip giant TSMC can be seen in Tainan, Taiwan December 29, 2022. The likely decline in profit also reflects a strong performance last year, when the company was still riding high on pent-up post-pandemic demand. The world's largest contract chipmaker is set to report net profit of T$195.9 billion ($6 billion) for July-September - its second straight quarter of profit decline, according to an LSEG SmartEstimate drawn from 19 analysts. Given that, much of Thursday's focus will be on TSMC's outlook for the fourth quarter and beyond. Fubon Securities expects a slow start to next year for TSMC, with 10% growth in the first quarter, predicting order cancellations towards the year end and mild restocking demand.

Persons: Ann Wang, SmartEstimates, Morgan Stanley, SmartEstimate, TSMC, Sarah Wu, Ben Blanchard, Emily Chan, Edwina Gibbs Organizations: REUTERS, Revenue, TAIPEI, Taiwan Semiconductor Manufacturing Co, TSMC's, Fubon Securities, TSMC, Apple, Thomson Locations: Tainan, Taiwan, Asia's, TSMC's Taipei

☆ Bumble CEO says AI will actually help you get more dates. Here's how.
▼ + stars: | 2023-09-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Bumble CEO Whitney Wolfe Herd told Bloomberg in an interview that AI can enhance the dating game. She said AI can help dating app users improve their flirting and can even be good for business. AdvertisementAdvertisementAI has come for your favorite dating apps — and the CEO of Bumble thinks the technology can help users land more dates. AdvertisementAdvertisement"The average US single doesn't date because they don't know how to flirt, or they're scared they don't know how," Wolfe Herd said. Wolf Herde doesn't just think AI can help people flirt better — she said that the technology can help dating apps make more money.

Persons: Bumble, Whitney Wolfe Herd, —, Wolfe Herd, Emily Chang, doesn't, Wolf, TikTok, Wolf Herde Organizations: Bloomberg, Morning

☆ 'Where ambition goes to die': These tech workers flocked to Austin during the pandemic. Now they're desperate to get out.
▼ + stars: | 2023-08-31 | by ( Ben Bergman | Jordan Pandy | ) www.businessinsider.com time to read: +11 min

Many tech workers in California moved to Austin during the pandemic in search of a new lifestyle. Some tech workers say they regret moving there, given its middling tech scene and "fake" atmosphere. They cited several contributing factors, including extreme temperatures, traffic, overcrowding, and — perhaps most surprising — a middling tech scene that fails to live up to the hype. From Silicon Valley to the Silicon HillsNot long ago, Austin's tech scene was ascendant, with national headlines suggesting it could take on Silicon Valley. He acknowledged there's not much of a tech scene there but will take that over what he perceived as Austin's smoke and mirrors.

Persons: Austin, Mike Chang, Chang, Tesla, Danielle Fountain, Fountain, Elon Musk, Jim Breyer, Joe Lonsdale, Bill Gurley, Musk, Gurley, Emily Chang, John Andrew Entwistle, who's, John Andrew Entwistle Entwistle, Entwistle, oversold, Nicholas Falldine, there's, Nick Thomas, Austin doesn't, Thomas, he's, Sam Parr, I'm, Sheharyar, Redfin, Bokhari, It's, frolic Organizations: Oracle, Facebook, Google, Apple, Breyer Capital, Austin Chamber, Austin, Lone Star, US Postal Service Locations: California, Austin, Los Angeles, Bay, Silicon, Silicon Valley, Austin's, Palo Alto, Westchester County , New York, Fayetteville , Arkansas, Austin , Texas, San Francisco

☆ Sam Altman says he'd go watch Elon Musk cage fight Mark Zuckerberg
▼ + stars: | 2023-06-23 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Elon Musk and Mark Zuckerberg have taken digs at each other before. Now the two tech CEOs have seemingly agreed to a cage fight. OpenAI CEO Sam Altman told Bloomberg he "would go watch" if the two actually fight. "I would go watch if he and Zuck actually did that," OpenAI CEO Sam Altman told Bloomberg's Emily Chang on Thursday, though he said he doesn't think he would ever take Musk on in a physical fight. "He really cares about AI safety a lot," Altman told Bloomberg of Musk.

Persons: Elon Musk, Mark Zuckerberg, Sam Altman, Musk, Zuckerberg, Zuckerberg —, —, Zuck, Emily Chang, Altman, OpenAI, didn't Organizations: Bloomberg, Morning, Tech, Twitter, city's Apex, UFC, Musk

But China, which bristles at visits to Taiwan by foreign government officials, tends to ignore trips by business executives, who usually keep clear of politics. Dimon will meet bank employees and clients in Taiwan on his visit, said the source, who sought anonymity as the plans were not public, while adding that no meetings were planned with Taiwan officials. As part of his Asia tour, Dimon will also visit South Korea after the Taiwan trip, said the source. But there was no plan for President Tsai Ing-wen to meet Dimon, her office said on Friday. Dimon favours East-West "derisking" rather than decoupling, he told the three-day JPMorgan Global China Summit event in the city on Wednesday.

Persons: Jamie Dimon, Andrew Collier, Dimon, Nvidia Corp's, Jensen Huang, Pat Gelsinger, Dimon's, Ma Ying, Tsai Ing, Chen Jining, Selena Li, Kane Wu, Scott Murdoch, Ben Blanchard, Emily Chan, Mrinmay Dey, Sumeet Chatterjee, Clarence Fernandez Organizations: JPMorgan Chase &, JPMorgan, Orient Capital Research, Bloomberg, Wall, U.S, Nvidia, Intel, Financial, Commission, Shanghai's Communist, JPMorgan Global China, Thomson Locations: Taiwan, China, Taipei, Beijing, Hong Kong, Asia, South Korea, East, United States, Sydney, Bengaluru

☆ 简报：中国当局接连“突袭”外国公司引发寒蝉效应；为何中国互联网上“没有穷人”
▼ + stars: | 2023-05-04 | by ( Emily Chan | Koney Bai | ) www.nytimes.com time to read: 1 min

Send any friend a storyAs a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

☆ 简报：俄罗斯称乌克兰策划无人机袭击，企图刺杀普京；美国会通过决议恢复对中国太阳能电池板征收关税
▼ + stars: | 2023-05-03 | by ( Emily Chan | Koney Bai | ) www.nytimes.com time to read: 1 min

Send any friend a storyAs a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

☆ 简报：中国加强对金融领域控制，多名高管和官员被查；中国警方盘问美国咨询公司上海办事处职员
▼ + stars: | 2023-04-27 | by ( Emily Chan | Koney Bai | ) www.nytimes.com time to read: 1 min

Send any friend a storyAs a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

☆ Foxconn plans $800 mln investment in southern Taiwan
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: 1 min

TAIPEI, April 9 (Reuters) - Foxconn (2317.TW) is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on Sunday. The company, formally called Hon Hai Precision Industry Co Ltd, said the investments in Kaohsiung will include plants for making electric buses and batteries for EVs. Foxconn, a major Apple Inc (AAPL.O) supplier and iPhone assembler, has big ambitions in the EV market as it seeks to diversify its revenue base. ($1 = 30.3930 Taiwan dollars)Reporting by Ben Blanchard and Emily Chan; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Taiwan financial regulator says will oversee crypto currencies
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: 1 min

TAIPEI, March 20 (Reuters) - Taiwan's Financial Supervisory Commission will be the main overseer of crypto currencies on the island, the head of the regulator said on Monday. Huang Tien-mu told lawmakers in parliament that the Financial Supervisory Commission will initially be responsible for the supervision of payments and transactions, but will not cover NFTs, or "non-fungible tokens". Huang said he will discuss the details with other government departments as well as "self-discipline norms" with relevant industries. Details will be announced after consultations with the cabinet, he added. Reporting by Emily Chan; Writing by Ben Blanchard; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ SVB collapse is double-whammy for tech startups already navigating brutal market
▼ + stars: | 2023-03-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +11 min

He'd started the process six months earlier during a brutal period for tech stocks and a plunge in venture funding. Investors were just pulling in their horns, the SPAC market had fallen apart, valuations for tech companies were collapsing." In the absence of venture funding, money-losing startups have had to cut their burn rates in order to extend their cash runway. Since the beginning of 2022, roughly 1,500 tech companies have laid off a total of close to 300,000 people, according to the website Layoffs.fyi. Kruze Consulting provides accounting and other back-end services to hundreds of tech startups.

☆ Taiwanese financial sector has low exposure to Credit Suisse -regulator
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: 1 min

TAIPEI, March 16 (Reuters) - The Taiwanese financial sector's exposure to Credit Suisse (CSGN.S) is low and "controllable", the island's financial regulator said on Thursday. Taiwanese insurers - large investors on global bond markets - have the highest exposure at T$108.2 billion ($3.54 billion), the regulator said, which is only around 0.35% of their total overseas assets. The overall level of exposure is "within a controllable range", it said. Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis. ($1 = 30.6080 Taiwan dollars)Reporting by Emily Chan; Writing by Ben Blanchard; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Emily’ Review: Imagining the Origin of ‘Wuthering Heights’
▼ + stars: | 2023-02-17 | by ( Kyle Smith | ) www.wsj.com time to read: +1 min

The biographical drama “Emily” contains a wonderful moment—spooky, disturbing, as chilling as a November wind sweeping across the Yorkshire hills—when the young Emily Brontë is playing a silly party game with her sisters and summons the Gothic spirit before their panicked and needy eyes. The game involves putting on a mask and inviting others to guess which prominent figure one is pretending to be. Charlotte and Anne are both horrified and ensorcelled, begging for any kind of contact with the departed and overcome with emotion at how Emily channels their mother’s kind thoughts. So movies about writers tend to fall into the trap of depicting them as glorified transcribers of things they happened to see. Gilbert getting the idea for “The Mikado” from an exhibition on Japan, a legend that has been discredited.

The decision came after the U.S. Federal Reserve raised interest rates by an expected 50 basis points on Wednesday and said it would deliver more interest rate hikes next year even as the economy slips towards a possible recession. Taiwan's central bank, at its quarterly monetary policy meeting, raised the benchmark discount rate (TWINTR=ECI) by 12.5 basis points to 1.75%, in line with economists' expectations in a Reuters poll. Governor Yang Chin-long said that, while the bank was still tightening monetary policy, the direction this time was "mild" given the lack of another reserve requirement rise. "For next year's monetary policy, we will focus on stabilising prices," he told reporters. The central bank again cut its 2022 estimate for gross domestic product growth, to 2.91% from its previous forecast of 3.51% in September.

☆ Apple helps Taiwan export orders resume growth in August, outlook mixed
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +3 min

Orders for telecommunications products rose 3.1% in August from a year ago due mostly to cellphone orders, the ministry said. A trend of working and studying from home that started during the COVID-19 pandemic has fuelled a growth in orders for Taiwanese electronics for more than two years. The ministry said it expected this month's export orders to be between 7% and 9.4% lower than those of September 2021. Taiwan's August orders from China fell 25.5% from a year earlier, compared with an annual fall of 22.6% in July. Export orders from Europe rose 14.6%, versus an annual contraction of 5.1% in July, while those from Japan rose 2.2%.

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