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☆ Read the memo Google CFO Ruth Porat sent to staff about new cost-cutting, including paring back worker perks
▼ + stars: | 2023-04-04 | by ( Hugh Langley | Samantha Delouya | ) www.businessinsider.com time to read: +5 min

Googlers,This year, one of our important company OKRs is to deliver durable savings through improved velocity and efficiency. Since then, we've continued to rebalance based on data about how programs and services are being used. Improving external procurement is another area where data suggests significant savings — on everything from software to equipment to professional services. We set a high bar for industry-leading perks, benefits and office amenities, and will continue that into the future. Jen, Philipp, Prabhakar, Ruth and Thomas (co-owners of the OKR), on behalf of all PA and Functional leads

☆ ChatGPT is strengthening the case for a 4-day workweek
▼ + stars: | 2023-04-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Such a productivity boost could make a four-day workweek more possible. Calls for implementing a four-day workweek have picked up steam over the past year as pilot programs have described promising results. "Any technology that increases productivity, ChatGPT included, makes a shorter workweek more feasible," Carl Benedikt Frey, an Oxford economist, told Insider. 'The workweek length is up for grabs'Rep. Mark Takano, a Democrat from California, is among those advocating a four-day workweek. "Yes, ChatGPT might make a four-day workweek more feasible in principle," Frey said.

☆ Google announces a series of cost-saving measures across the company as it cuts some staff perks
▼ + stars: | 2023-03-31 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

Google has announced a series of cost-cutting measures across the company. Google has announced a series of cost-cutting measures as the company continues to tighten its belt and prioritize its work in artificial intelligence. While they wrote that some of these changes would not be noticeable to many staff, they added that other things "will impact some services Googlers use at work and beyond." The note added that Google is continuing to hire at a reduced pace, while redeploying teams to higher priority work. Here's the memo in full:Googlers,This year, one of our important company OKRs is to deliver durable savings through improved velocity and efficiency.

☆ 'It's honestly changed my life': Employees from one of the biggest 4-day-workweek trials say working less improved their lives but was a big adjustment
▼ + stars: | 2023-03-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Employees working four-day weeks told Insider having the extra day off was an adjustment at first. "It's hard to overstate how good it's been," Jo Sims, a senior case manager at AKA Case Management, told Insider, adding: "It's honestly changed my life." Sims said the extra day off had improved her mental health, eased her stress levels, and left her with a new perspective. The study was led by academics from Boston College, the University of Cambridge, and the research organization Autonomy in partnership with the campaign groups 4 Day Week Global and 4 Day Week Campaign. A representative for the 4 Day Week Campaign put Insider in contact with the four employees that are referenced in this article.

☆ Here are Thursday's biggest analyst calls: Tesla, First Republic, Coinbase, Boeing, Pinterest & more
▼ + stars: | 2023-03-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said Tesla could eventually be a solution to vehicle affordability. Truist upgrades BellRing Brands to buy from hold Truist said the time is right to buy shares of the food products company. Citi moves First Republic to an under review rating Citi moved to an under review rating on First Republic due to too much uncertainty. Piper Sandler reiterates Meta and Pinterest as top picks Piper said it's standing by shares of Meta and Pinterest. Oppenheimer downgrades Coinbase to perform from outperform Oppenheimer said it sees an "unhealthy regulatory climate" for Coinbase.

Nvidia also detailed a set of cloud services that make it easier for companies to build bespoke AI models for their respective businesses. The huge gains have prompted a debate on Wall Street about whether Nvidia bulls are overhyping the company's AI opportunity. Nvidia also detailed a set of services, known as Nvidia AI Foundations , which will be available through DGX Cloud. These provide companies with the tools needed to customize AI models. Secondly, Nvidia's software expansion makes its AI leadership directly applicable to more industries because its best-in-class technology will be easier to access.

☆ Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code
▼ + stars: | 2023-03-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Goldman Sachs is experimenting with generative AI tools internally to help its developers automatically generate and test code, the company's chief information officer told CNBC. "Developers are already using some of the assisted coding technology," Argenti told CNBC's Arjun Kharpal at the Goldman Sachs technology symposium on Tuesday. Generative AI refers to a group of products that produce human-like text or images in response to written prompts from users. Goldmans' interest in generative AI products comes despite pushback from some banking giants on the use of ChatGPT internally. In some cases, developers have been able to write as much as 40% of their code automatically using generative AI, he said.

☆ The 4-day workweek may not be the answer to workplace productivity and flexibility
▼ + stars: | 2023-03-21 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

The four-day workweek was also discussed in a panel at the World Economic Forum earlier this year. "We have had a static, for many countries, five-day week for about a century," Grant said Thursday at his panel discussion called "The Four-Day Week." While a four-day workweek seems like an obvious answer, there are some key factors to consider before making the change, they agreed. But there are productivity benefits to giving employees more time to invest in themselves, which could come through the four-day workweek or other rescheduling methods. Flexibility through reorganizationWhether it be a four-day workweek or another method of schedule restructuring, a focus on both flexibility and productivity also benefits companies, van 't Noordende said.

☆ Nearly 70% of people using ChatGPT at work haven't told their bosses about it, survey finds
▼ + stars: | 2023-03-21 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

More than 40% of professionals have used it at work, and 70% did so without telling their bosses, a recent survey found. A recent survey from professional networking app Fishbowl found that 43% of working professionals have used AI tools, such as OpenAI's ChatGPT, to accomplish tasks at work. Of these people, 68% hadn't told their bosses they were using these tools for work. Working professionals including a realtor, a lawyer, and a teacher previously told Insider they'd discovered ways to make their jobs easier by using ChatGPT. Do you use ChatGPT or other AI tools at work?

☆ Wall Street analysts say these A.I. beneficiaries have major upside, including this cancer detection company
▼ + stars: | 2023-03-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wall Street analysts named several stocks this week they see as major beneficiaries of the recent artificial intelligence boom. They include Adobe, Marvell, RadNet, Cisco, TSM and Broadcom. RadNet The outpatient radiology diagnostic center company was recently upgraded to outperform from market perform by Raymond James analyst John Ransom. "With strong structural tailwinds, MSD-HSD EBITDA growth should be achievable in the near to intermediate-term, with an enticing opportunity in the AI segment," Ransom said. ... With strong structural tailwinds, MSD-HSD EBITDA growth should be achievable in the near to intermediate-term, with an enticing opportunity in the AI segment.

☆ Atlassian cuts 5% of head count as the software maker focuses on high-priority areas
▼ + stars: | 2023-03-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Business-software maker Atlassian said Monday that it will lay off 500 employees, or around 5% of its workforce. Cuts are not evenly distributed across the company, they wrote in a blog post. Australia's unemployment rate in January was 3.7%, according to government statistics. Australia's unemployment rate in January was 3.7% on a seasonally adjusted basis, according to government statistics. The cost cuts will result in $70 million to $75 million in charges, according to a filing.

The news: Morgan Stanley said Alphabet, Amazon (AMZN) and Meta are among the stocks that are best positioned to capture long-term gains from maturing artificial intelligence (AI) capabilities. AI has the ability to "accelerate digital transformation, change consumer behavior and drive more durable multi-year digital growth," Morgan Stanley analysts wrote in a research note this week. Moreover, this "AI Effect" could create a $780 billion online advertising opportunity, with "GOOGL and META as the largest beneficiaries," according to Morgan Stanley. The Club take: The Morgan Stanley note is further validation of just how real the generative AI opportunity is. So, it's encouraging to see Morgan Stanley paint a positive picture about Apple in the near-to-medium term.

☆ AI boost lifts Broadcom forecast amid lingering enterprise weakness
▼ + stars: | 2023-03-02 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

[1/2] The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, California, U.S., March 4, 2021. REUTERS/Mike BlakeMarch 2 (Reuters) - Broadcom Inc (AVGO.O) forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. Broadcom, which supplies chips used in data centers for networking and specialized chips that speed up AI work, expects networking revenue to grow 20% in the current quarter. While analysts spotted green shoots in the AI space, they also saw weaknesses emerge in areas such as broadband and cloud spending. The chip designer expects current-quarter revenue to be about $8.7 billion, while analysts on average expect $8.59 billion, according to Refinitiv data.

☆ 42% of IT professionals will quit in the next 6 months. Here's how the right software can help them avoid burnout.
▼ + stars: | 2023-03-01 | by ( Sponsor Post | Created Insider Studios With Goto | ) www.businessinsider.com time to read: +8 min

The right software can help businesses who can't find the staff they need. Worldwide the talent shortage could result in unrealized output of $449.70 billion. Alarming numbers underscore the fact that the talent shortage is everywhere. GoTo Resolve can help irrigate the IT desert by providing remote access troubleshooting, support, ticketing, and camera sharing a click away. Essentially, many of the services an enterprise needs to hire for can be procured through Rescue and GoTo Resolve.

The iPad Air and iPad Pro are ideal options for users with intensive workloads. A few months later, the company introduced the sixth-generation iPad Pro, which stands as the most powerful and responsive tablet in Apple's current lineup. On top of that, the iPad Pro includes Apple's ProMotion high-refresh-rate display for a silky smooth experience when navigating and working on the tablet. When deciding between the iPad Air or iPad Pro, there are additional details to consider, like Face ID versus Touch ID, storage options, cameras, and USB-C data transfer speed. iPad Air (2022) vs. iPad Pro (2022): Specs compared

☆ How cybersecurity executives make the case for continued tech investments in a tough economy
▼ + stars: | 2023-02-23 | by ( Bob Violino | ) www.cnbc.com time to read: +5 min

Cybersecurity executives have enjoyed a nice run of receiving the financial resources they need to keep their organizations protected against attacks. But given the current economic uncertainty, many will likely need to rethink their approach to investments in tools and services. "Cybersecurity is not immune to economic pressures and uncertainty," said Daniel Soo, risk and financial advisory principal in cyber and strategic risk at Deloitte. When prioritizing security investments, security leaders should continue to invest in security controls and solutions that protect the organization's customer-facing and revenue-generating workloads, Maxim said. They should continue to defend any investments that support the organization's modernization efforts with cloud and its evolution to zero trust security, he said.

☆ Nvidia pops after strong quarter, guidance — showing why the stock still has long-term promise
▼ + stars: | 2023-02-22 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Nvidia (NVDA) reported better-than-expected fiscal 2023 fourth-quarter results after the closing bell Wednesday and a strong current-quarter forecast. As of Wednesday's close, Nvidia has been one of our best performers in 2023, up 42% this year. Essentially, this service provides customers the ability to access an Nvidia DGX super-computer with nothing more than their browsers and allows them to access Nvidia AI Enterprise for "training and deploying large language models or other AI workloads." Guidance Looking ahead to fiscal 2024 first quarter, management forecasted better-than-expected sales, adjusted gross margin and capital expenditures on a non-GAAP basis. Capital Allocation In its fiscal 2023 fourth quarter, Nvidia returned a total of $1.15 billion to shareholders via dividends and buybacks.

☆ Top Wall Street analysts are bullish on these 5 stocks
▼ + stars: | 2023-02-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performances. Santarelli also noted that the stock's valuation is reasonable, as the company is still in the early stages of the Macao recovery cycle. (See Wynn Blogger Opinions & Sentiment on TipRanks) Santarelli's recommendation is worthy of consideration as he ranks 26th among more than 8,000 analysts tracked by TipRanks. (See CMG Insider Trading Activity on TipRanks)Meta PlatformsSocial media behemoth Meta Platforms (META) is next on our list. Moskowitz holds the 236th position among more than 8,000 analysts on TipRanks.

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Roku, Coinbase, DraftKings, Disney & more
▼ + stars: | 2023-02-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Friday: Compass Point upgrades Coinbase to buy from neutral Compass said the "long-term opportunities outweigh near-term risks." Goldman Sachs reiterates Tesla as buy Goldman said it's bullish heading into the company's investor day on March 1. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on the stock to $280 per share from $220. Daiwa reiterates Disney as buy Daiwa said it sees international growth for Disney which will further drive parks outperformance. Evercore ISI adds a positive tactical call on Walmart Evercore said it's bullish on Walmart heading into earnings next week.

☆ CEO of ChatGPT maker OpenAI says AI will be 'the greatest force for economic empowerment' we've ever seen
▼ + stars: | 2023-02-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

The popularity of AI chatbots like ChatGPT has people concerned that AI may steal their jobs. Sam Altman, the CEO of OpenAI, the company that made ChatGPT. Altman says he thinks AI will be the "greatest force for economic empowerment" we've ever seen. "I think AI is going to be the greatest force for economic empowerment and a lot of people getting rich we have ever seen," Altman said in a tweet on Monday. In an interview last month with StrictlyVC's Connie Loizos, Altman was similarly asked for his predictions on the future of AI.

☆ This little-known digital infrastructure stock can surge more than 25%, Deutsche Bank says
▼ + stars: | 2023-02-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

There's a big buying opportunity in DigitalBridge , an under-the-radar digital infrastructure company, according to Deutsche Bank. Analyst Matthew Niknam initiated the stock with a buy rating and a price target of $18 per share, implying upside of 26.3% from Tuesday's close. Niknam said the company's high-growth model and sector resilience make it a promising buy even ahead of a potential economic downturn. "DigitalBridge's high-growth, and increasingly asset-light business model represent a unique approach to investing in digital infrastructure," the analyst wrote in a Tuesday note. "Additionally, given the transition from a legacy REIT structure towards more of an alternative asset manager, the shares have lacked a true "home", likely explaining the discount vs. its more seasoned (and larger) alternative asset manager peers."

☆ Cisco raises full-year forecast on strong demand, easing supply hurdles
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

Feb 15 (Reuters) - Cisco Systems Inc (CSCO.O) raised its forecast for full-year revenue growth and adjusted profit on Wednesday, banking on its ability to push backlog orders and rapid adoption of 5G technology to keep demand upbeat, sending the company's shares up 10%. For fiscal 2023, Cisco said it expects revenue growth of 9% to 10.5%, and adjusted per share earnings between $3.73 to $3.78. It had previously forecast revenue growth of 4.5% to 6.5% and earnings per share of $3.51 to $3.58. The raise in outlook comes on the back of growth in recurring revenue, improvement in supply chain and future estimated revenue, Chief Financial Officer Scott Herren said in a statement. Reporting by Yuvraj Malik in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ The US Navy's struggle to keep ships in fighting shape is leading sailors to 'cannibalize' more parts from other ships
▼ + stars: | 2023-02-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Shortages of spare parts is driving US sailors to take more and more parts from other ships. The spare parts shortage only exacerbates an already dismal Navy maintenance situation, with overburdened and understaffed shipyards unable to perform necessary overhauls on schedule. The study listed a cascade of causes for the shortage of spare parts: "Parts obsolescence, diminishing manufacturing sources, and material shortages are common issues." Likewise, militaries have long cannibalized equipment during operations when spare parts may not be available. Steaming hours have also declined for Navy ships, though by how much isn't clear, as the Department of Defense has classified the data.

[1/2] AI chip startup Rebellions co-founder and chief executive Park Sunghyun works at the company headquarters in Seongnam, South Korea February 2023. SEOUL Feb 13 (Reuters) - South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. "But it's not set in stone because AI chips can carry out different functions and there aren't set boundaries or metrics." A100 is the most popular chip for AI workloads, powerful enough to create - in industry lingo, "train" - the AI models. Rebellions declined to give a forecast for its AI chip venture.

☆ Finance Chiefs, Facing Another Year of Persistent Inflation, Prioritize Cost Savings
▼ + stars: | 2023-02-10 | by ( Kristin Broughton | ) www.wsj.com time to read: +6 min

Finance chiefs are pushing their companies to do more with less as they face another year of rising costs. Obviously, we’re dealing with a very unique environment right now with the unprecedented level of cost inflation. But we’re not in that environment right now. Ideally, we can grow as the demand environment hopefully normalizes. And that’s going to give us more optionality as we better understand our demand for AI over time.

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