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☆ Pricing is really weird lately
▼ + stars: | 2024-07-10 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why pricing is so weird these days . More recently, Walmart introduced digital price tags, which some people said could be used for variable pricing. The constantly changing costs have consumers feeling a sense of price fatigue, Emily writes. Emily writes that most economists agree that government-mandated price-fixing isn't the way to go about it. So, as Emily writes, you can't fault anyone for feeling a certain sense of doom and gloom about the economy.

Persons: —, Alyssa Powell, Emily Stewart, Emily, Michael Raines, Rebecca Zisser, Michael Arone, Steve Granitz, Elon Musk, Tyler Le, Larry Page, Biden, Keir Starmer, Rishi Sunak's, Jerome Powell, Jordan Parker Erb, Lisa Ryan, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Soviet Union, Business, Walmart, JPMorgan, Wall, Group, State, Navy, Spotify, Labour Party, Samsung Locations: Montana, Soviet, America, USA, Diego, Idaho, New York, London

☆ Flying car startup Pivotal, backed by Google cofounder Larry Page, quietly delays shipments to next year
▼ + stars: | 2024-07-09 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

Pivotal, the flying car startup backed by Google cofounder Larry Page, delayed shipments until 2025. It announced in January that the first orders would ship in June this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPivotal, the flying vehicle company backed by Google cofounder Larry Page, has quietly pushed back the delivery date of its first aircrafts to customers until 2025. The company announced in January that it would ship its first orders to customers on June 10 of this year.

Persons: Larry Page, — Organizations: Service, Business

☆ Google’s first Chief Innovation Evangelist: Over 12 years, I learned 3 key lessons that can help anyone 'live a more meaningful life'
▼ + stars: | 2024-07-05 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Working at Google for 12 years changed how Frederik Pferdt approaches his work and his daily routine. As the tech giant's first-ever Chief Innovation Evangelist, Pferdt sought to create a more cohesive structure for nurturing creativity across divisions. Pferdt created the company's Innovation Lab and co-founded the Google Garage, where he encouraged thousands of employees to collaborate and experiment on fresh ideas. Before deciding to leave Google in 2022, he learned several important lessons, including from co-founders Larry Page and Sergey Brin, he tells CNBC Make It. But his top three lessons aren't just useful for tech workers: They can help anyone "live a more meaningful life," he says.

Persons: Frederik Pferdt, Pferdt, Larry Page, Sergey Brin, aren't Organizations: Google, CNBC, Stanford Locations: San Francisco

☆ Forget Elon Musk’s record pay package from Tesla. More could be on the way.
▼ + stars: | 2024-06-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. “The chancellor found a number of defects in the process.”But Tesla shareholders also approved moving Tesla’s state of incorporation to Texas, partly in reaction to the Delaware decision. “What we recognized in 2018 and continue to recognize today is that one thing Elon most certainly does not have is unlimited time,” Tesla board chair Robyn Denholm wrote to Tesla shareholders ahead of the most recent vote. Ark Invest has a five-year target price for Tesla shares at $2,600 a share. Not everyone on that list got there through packages of stock options.

Persons: Elon Musk, Tesla, Chancellor Kathaleen McCormick, Musk, It’s, “ It’s, Samantha Crispin, Baker Botts, “, ” Musk, McCormick’s, Elon, ” Tesla, Robyn Denholm, ”, Tasha Keeney, ” Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg, Larry Page, Bill Gates —, Zuckerberg, McCormick Organizations: New, New York CNN, CNN, Tesla, ARK Invest, Elon, Invest, Microsoft, Apple, SpaceX, Amazon, Facebook Locations: New York, Delaware, Texas, “, Tesla

☆ Alphabet's new CFO was in the middle of the GLP-1 boom. Now she's onto generative AI
▼ + stars: | 2024-06-06 | by ( Jennifer Elias | ) www.cnbc.com time to read: +10 min

Alphabet announced on Wednesday that Eli Lilly Chief Financial Officer Anat Ashkenazi will be its new CFO after an almost year-long search. Shares of Eli Lilly have soared 90% in the past year and are trading at a record. When she joined Eli Lilly in 2001, she came in through the company's new venture capital division, which was co-founded by her then-spouse Ron Laufer. Fastest growth in decadesFounded in 1876, Eli Lilly has long been one of the major U.S. pharmaceutical companies. But the last couple years have marked a period of historic growth for Eli Lilly due to the exploding popularity of GLP-1s.

Persons: Anat Ashkenazi, Eli Lilly Eli Lilly Alphabet's, Ruth Porat, Eli Lilly, Ashkenazi, it's, Eli Lilly's, David Ricks, Morgan Stanley, Sundar Pichai, Hollie Adams, Ron Laufer, John Smiley, Eli, It's, Trump, Eli Lilly's Covid, we're, Askhenazi, OpenAI's, Larry Page, Sergey Brin, CNBC's Eric Rosenbaum, Toby Lyles Organizations: San, San Francisco Bay Area, Google, Economic, Bloomberg, Getty, CNBC, Tel Aviv University, Hebrew University, U.S . Food, Drug, U.S . Department of Justice, FDA, Reuters, Employees, NBC Locations: U.S, Indiana, San Francisco Bay, Davos, Switzerland, Israel, biopharma, North Carolina, Germany, New Jersey

☆ People are going wild over a seemingly basic California house on the market for $2 million
▼ + stars: | 2024-05-30 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +1 min

A dated-looking 1950s-era home in tech billionaire hot spot Palo Alto is listed for $2 million. Its listing agent posted a video tour that shocked people, who said its look didn't match its price. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe adage "location, location, location" is especially true in California, where a property's ZIP code can significantly impact its price tag. Case in point: a newly listed 1950s-era home in Palo Alto that's causing a stir on social media — not for its beauty but for its $2 million price tag.

Persons: Mark Zuckerberg, Larry Page, — Organizations: Alto, Service Locations: California, Palo Alto, Palo, Barron Park

☆ Opinion: It’s hard to applaud billionaires – but these few deserve recognition
▼ + stars: | 2024-05-29 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +7 min

But this is the global system we do have and, within it, some billionaires are behaving much more generously and ethically than others. Melinda French Gates is one of the good ones. French Gates has long been an advocate for family planning and women’s rights abroad, and now she’s dedicating $1 billion through 2026 to those issues. Female billionaires, in other words, are far more likely than male ones to give away substantial portions of their wealth. So yes, we can applaud the good billionaires who give their wealth away, even if we think that they are representative of a bigger inequality problem.

Persons: Jill Filipovic, —, Melinda French Gates, French Gates, it’s, She’s, Gates, MacKenzie Scott, Jeff Bezos, Scott, Forbes, Elon Musk, Larry Ellison, Warren Buffett, Larry Page, Ellison, Page, Buffett, Donald Trump’s, Sam Altman, Bill Gates, Scarlett Johansson, that’s, George Soros, doesn’t Organizations: Twitter, CNN, Gates Foundation, The New York Times, Forbes ’, Forbes, Elon, Facebook Locations: New York, United States, French, The, New Zealand, There’s

☆ 7 US tech billionaires have seen a $230 billion surge in wealth this year as stocks soar on the promise of AI revolution
▼ + stars: | 2024-05-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Jensen Huang is leading the pack with a $50 billion wealth gain so far this year. Steven Ferdman/Getty ImagesYTD wealth gain: $17.7 billionTotal net worth: $148 billionSource of wealth: Microsoft stock, which is up 14% year-to-date. Jeff BezosAdvertisementReutersYTD wealth gain: $26.6 billionTotal net worth: $203 billionSource of wealth: Amazon stock, which is up 19% year-to-date. Jeff Bottari/Getty ImagesYTD wealth gain: $42.0 billionTotal net worth: $170 billionSource of wealth: Meta Platforms stock, which has surged 35% year-to-date. Vincent Thian/APYTD wealth gain: $49.6 billionTotal net worth: $93.6 billionSource of wealth: Nvidia stock, which has soared 123% year-to-date.

Persons: Jensen Huang, —, Huang, Steve Ballmer, Steven Ferdman, Jeff Bezos, Sergey Brin Lionel Hahn, Larry Page, Jeff Chiu, Michael Dell Dell, Michael Dell, Mark Zuckerberg, Jeff Bottari, Vincent Thian Organizations: Service, Nvidia, Bloomberg, Microsoft, LA Clippers, Getty, Google, Dell, UFC Locations: San Francisco , California, Las Vegas

☆ How Google CEO Sundar Pichai shook up his leadership team for the AI era
▼ + stars: | 2024-05-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +11 min

It came almost 12 months after Google combined two key AI groups, DeepMind and Google Brain. Google's AI MVPGoogle DeepMind CEO Demis Hassabis GoogleDemis Hassabis might be the most important person at Google right now. Then, in April last year, Pichai announced he would merge DeepMind with Google's in-house AI unit, known as Brain, into a supergroup named Google DeepMind. Reid reports directly to Raghavan, the ads and search senior vice president, and is shepherding a dramatic transition of Google Search. Fears of chatbots eating into Google's search dominance have yet to be realized, giving Google time to reinvent its most hallowed product.

Persons: —, Sundar Pichai, Pichai, Susan Wojcicki, Demis, Hassabis, Larry Page, DeepMind, OpenAI, it's, accrues, ED JONES, Rick Osterloh, Sameer Samat, he'll, Hiroshi Lockheimer, Osterloh, Prabhakar Raghavan, Siri, Tim Cook, Hiroshi, SAJJAD HUSSAIN, Liz Reid, Reid, Raghavan, Pandu Nayak, Venkatachary, It's, chatbots, Bernstein, Mark Shmulik Organizations: Service, Google, Business, Google's, BI, Research, Hassabis, Android, Apple, Apple's Vision, CNBC, Google Local Locations: Raxium

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ Google employees question execs over 'decline in morale' after blowout earnings
▼ + stars: | 2024-05-08 | by ( Jennifer Elias | ) www.cnbc.com time to read: +8 min

"How does leadership plan to address these concerns and regain the trust, morale and cohesion that have been foundational to our company's success?" "Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases" a top-rated employee question read. Google's use of cashThere were a lot of employee questions ahead of last week's meeting directed at the company's buyback, Porat said. With respect to the decline in morale brought up by employees, Pichai said "leadership has a lot of responsibility here, adding that "it's an iterative process." CNBC reported last week that Google is laying off at least 200 employees from its "Core" organization, which includes key teams and engineering talent.

Persons: Sundar Pichai, Loren Elliott, Ruth Porat, We've, Alphabet's, Hollie Adams, Porat, Prabhakar Raghavan, dory, Pichai, Ted, Larry Page, Jim Cramer Organizations: Inc, Government, Society, Bloomberg, Getty, Google, Economic, Finance, CNBC Locations: Stanford , California, Davos, Switzerland, U.S

☆ Mark Zuckerberg is now California's richest billionaire after his fortune surged over the last year, report says
▼ + stars: | 2024-05-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg is California's richest billionaire, with a net worth of $177 billion, per Forbes. AdvertisementMark Zuckerberg is now the richest billionaire in California, with a net worth of $177 billion, a new Forbes report said. The report, which maps out the richest billionaire in each state for 2024, said the Meta CEO overtook Google cofounder Larry Page as the Golden State's richest person. AdvertisementZuckerberg's net worth placed him behind Texas' richest person, Tesla CEO Elon Musk, and Amazon founder Jeff Bezos, who took the title in Florida. The 54 billionaires researched by Forbes for the report were together worth $1.6 trillion, $100 billion more than in 2023, the outlet said.

Persons: Mark Zuckerberg, Zuckerberg, —, Larry Page, Elon Musk, Jeff Bezos Organizations: Forbes, Service, Meta, Golden, Amazon, Business Locations: California, Meta, Texas, Florida, San Francisco, Palo Alto, Tahoe, Kauai, Hawaii

☆ Alphabet issues first ever dividend, $70 billion buyback
▼ + stars: | 2024-04-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Alphabet said Thursday that it's issuing a 20-cent per share dividend, the company's first ever, and that its board authorized the repurchase of up to $70 billion in stock. The dividend is payable to all class of shares, including super-voting Class B shareholders, as well as nonvoting Class C shareholders. Co-founder Sergey Brin, who owns more than 730 million Class B and C shares, will receive a $146 million payout. Co-founder Larry Page, who owns 389 million Class B shares, will get a dividend payment of $78 million. Amazon's largest share repurchase, in 2022, was for up to $10 billion.

Persons: Sundar Pichai, Pichai, Sergey Brin, Larry Page Organizations: Google, Investors, Meta, Amazon Locations: Washington ,

☆ AstroForge: How this startup plans to make asteroid mining a reality.
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +11 min

Now the California-based startup is attempting to make asteroid mining a reality. That makes AstroForge the only company with a refinery that can turn M-type asteroids into PGMs in space, he adds. Some in the scientific community are skeptical that the private sector will be able to afford asteroid mining. Its all-or-nothing, lower-cost approach may help push asteroid mining closer to reality. “I hope if nothing else,” Gialich says, “we’re known as a space company that went for it.”

Persons: Matt Gialich, Gialich, Jose Acain, “, ”, we’re, “ We’re, AstroForge, Edward Carreon, “ that’s, –, Dan Britt, REx, James Cameron, Larry Page, Britt, “ I’m, ” Gialich, NASA's, Aubrey Gemignani, ” Britt, AstroForge’s Organizations: CNN, Virgin, SpaceX, NASA, Companies, Apple, Center, University of Central, JAXA, United, United Arab Emirates ’ Space Agency, UAE Space Agency, AP NASA, Planetary Resources, Titanic, Google, NASA's Kennedy Space Center, Getty Locations: California, University of Central Florida, China, United Arab, United Arab Emirates, Utah, Los Angeles, Florida

☆ The AI Apocalypse: Computer Algorithms Are Already in Control
▼ + stars: | 2024-04-02 | by ( Ed Zitron | ) www.businessinsider.com time to read: +12 min

But increasingly, the algorithms that undergird our digital lives are making questionable decisions that enrich the powerful and wreck the lives of average people. There's no reason to be scared of AI making decisions for you in the future — computers have already been doing so for quite some time. As human control diminished, the real-world consequences of these algorithms have piled up: Instagram's algorithm has been linked to a mental-health crisis in teenage girls. AdvertisementAcross the public and private sectors, we've handed the keys to a spiderweb of algorithms built with little public insight into how they make their decisions. While generative AI is just the newest extension of the algorithm, it poses a unique threat.

Persons: who's, They've, Matthew Gray, Sergey Brin, Larry Page, It's, Elon Musk, Cambridge Analytica, algorithmically, ProPublica, Quora, OpenAI's ChatGPT, you've, they'll, superintelligence, — simulacrums Organizations: Knight Capital, Companies, Yahoo, Stanford, Google, Spotify, Netflix, Revenue, Facebook, Twitter, Elon, European Union, Associated Press, Black, Microsoft, Eating Disorders Association Locations: Cambridge

☆ Google's AI can ingest multiple books. What will it do with all that data?
▼ + stars: | 2024-03-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Today, the emergence of huge AI models is turning this book-scanning debate on its head. So it's safe to interpret this comment as a yes: Google will use this data to train future AI models. Developers versus corporate customersThe internet giant treats information shared with its AI models and services differently, depending on the offering. It's probably why some big companies have sent around warnings again recently prohibiting employees from sharing sensitive data with AI models. Prompt data controlsHere are some other important tips for controlling how Google uses any prompts you submit to its AI models.

Persons: —, Larry Page, Sundar Pichai, Gemini Organizations: Google Gemini, Service, Google, Gemini, Services

☆ I worked at Google for 7 years and watched the open culture die. The company is doomed to repeat unnecessary embarrassment if they don't fix it.
▼ + stars: | 2024-03-08 | by ( David Kiferbaum | Big Technology | ) www.businessinsider.com time to read: +6 min

He observed the fall of Google's open culture and its impact on Google's product. His controversial memo questioning Google's diversity practices noted that "Google's political bias has equated the freedom from offense with psychological safety, but shaming into silence is the antithesis of psychological safety." Rather than reaffirm Google's culture of open questioning and psychological safety by actively challenging Damore's assertions, leadership fired Damore and ended the discussion. Google leadership did further damage to the company's open culture following employee protests of military contracts and executives' alleged sexual harassment. AdvertisementThe closing of Google's open culture harmed the product.

Persons: David Kiferbaum, —, Eric Schmidt, Jonathan Rosenberg, Larry Page, Sergei Brin, James Damore, Damore, Sundar, TGIF, what's Organizations: Google, Big Technology, Service, CNN

☆ Sergey Brin once hosted a bizarre baby shower where big-name guests wore oversized diapers and onesies, book says
▼ + stars: | 2024-03-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sergey Brin once hosted a bizarre baby shower featuring oversize diapers and adult onesies. Brin, who stepped back from Alphabet in 2019, has returned to help shape Google's AI strategy. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle cofounder Sergey Brin once hosted a bizarre baby shower where guests wore oversized diapers and adult-sized onesies.

Persons: Sergey Brin, Kara Swisher's, Brin, —, Kara Swisher, San Francisco soiree, Swisher, Wendi Deng, Rupert Murdoch, Anne Wojcicki, Gavin Newsom, Newsom, Larry Page, John Doerr, she'd, Page Organizations: Service, San, Francisco, Business, Microsoft Locations: San Francisco

☆ Sergey Brin says Google 'definitely messed up' after its Gemini chatbot caused a firestorm. He has a lot riding on its success — or failure.
▼ + stars: | 2024-03-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Sergey Brin says Google "definitely messed up" with Gemini's image generation. The Google cofounder says he came out of retirement because of AI's "exciting" trajectory. AdvertisementGoogle cofounder Sergey Brin has weighed in on the company's Gemini drama. Speaking at San Francisco's AGI House, Brin said the company had "definitely messed up on the image generation." Since then, Brin has been spotted at Google's Silicon Valley headquarters and has been directly involved with developing the company's AI strategy.

Persons: Sergey Brin, —, Brin, Larry Page, Elon Musk, Adolf Hitler, Gemini, Hitler Organizations: Service, Gemini, Google, The New York Times, Big Tech, BI, Business Locations: Francisco's

☆ Google co-founder Sergey Brin says in rare public appearance that company 'definitely messed up' Gemini image launch
▼ + stars: | 2024-03-04 | by ( Jennifer Elias | ) www.cnbc.com time to read: +7 min

Brin, 50, spoke to entrepreneurs on Saturday at the "AGI House" in Hillsborough, California, just south of San Francisco, where developers and founders were testing Google's Gemini model. He also commented on the flawed launch last month of Google's image generator, which the company pulled after users discovered historical inaccuracies and questionable responses. Brin was also asked how online advertising will be disrupted considering ad revenue is core to Google's business. Bloomberg | Bloomberg | Getty Images“I of all people am not too terribly concerned about business model shifts,” Brin said. Beyond AI, Brin was asked about Google's difficulties in hardware given recent advancements in virtual reality.

Persons: Sergey Brin, Google David Paul Morris, Brin, ” Brin, “, Larry Page, He's, ”, Gemini, “ that’s, Prabhakar Raghavan, Google's, Sundar Pichai, Raghavan, Brin didn't, OpenAI's ChatGPT, Elon Musk's, Eric Schmidt, that’s, I'm Organizations: Google, Bloomberg, Getty, CNBC, Gemini, Google Inc, Allen & Co . Media, Technology Conference, Apple Vision Locations: Hillsborough , California, San Francisco, Sun Valley , Idaho, U.S

☆ Why Zuck, Ivanka Trump and the world's rich and famous are flocking to a lavish party in India
▼ + stars: | 2024-03-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg, Bill Gates and other CEOs and celebs are at a wedding pre-party in India this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The centibillionaire's grip on domestic commerce makes him a powerful partner for Western companies trying to break into the Indian market. Vital growth frontierUS executives are eager to cozy up to Ambani and Reliance because they see dollar signs when they look at India.

Persons: Mark Zuckerberg, Bill Gates, Mukesh, —, Sundar Pichai, Ivanka Trump, Mukesh Ambani's, Ambani, Larry Page, Sergey Brin, Anant, Radhika Merchant, Mukesh Ambani, Nita, Prodip Guha, Tim Cook, Cook, Apple's, Ted Sarandos, Meta Organizations: Apple, Microsoft, Netflix, Service, Reliance Industries, Bloomberg, Qualcomm, Intel, Hindustan Times, Amazon, Indian Locations: India, China, New Delhi

☆ 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, —

☆ The Google Gemini conspiracy theory
▼ + stars: | 2024-02-28 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Google had to pull parts of its fancy Gemini AI model after it spat out inaccurate images and text. To catch you up: Google had to pull part of its fancy new Gemini AI model after it spat out inaccurate pictures, including depicting Google cofounders Larry Page and Sergey Brin as Asian. One theory is that Googlers are too woke and their biases have infected what could be a powerful and useful AI model. AdvertisementIs this Google future? Probably not as profitable revenue as Google Search, but that's still a lot.

Persons: —, there's, Larry Page, Sergey Brin, it's, Mark Shmulik, Bernstein, Sundar Pichai, Pichai, that's Organizations: Google, Service

☆ Google's mission is organizing the world's information. Its 'woke' AI debacle prompted critics to say it's failing.
▼ + stars: | 2024-02-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSince its inception, Google has had a mission statement that is now practically enshrined as lore: "To organize the world's information and make it accessible and useful." Its AI, critics say, risks suppressing information instead by being too "woke." AdvertisementGoogle's AI troublesGoogle has more than 90% of the search market, giving it dominant control over the world's information flow online. Advertisement"The original mission was to index all the world's information. In a blog published Friday, Google vice-president Prabhakar Raghavan acknowledged some of the images Gemini generated turned out to be "inaccurate or even offensive."

Persons: —, Larry Page, Sergey Brin, Gemini, Peter Kafka, Adolf Hitler, Elon, David Sacks, Critics, Sam Altman, Andrew Caballero, Reynolds, Bilal Zuberi, Brad Gerstner, Microsoft —, Elon Musk, OB1CCZHan3, Prabhakar Raghavan, overcorrected, Raghavan Organizations: Service, Google, Business, Craft Ventures, Lux Capital, Microsoft, Elon Locations: Menlo Park, AFP

☆ Pivotal, the flying-car company backed by Google cofounder Larry Page, lays off 10% of staff
▼ + stars: | 2024-02-23 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewPivotal, the flying car company backed by Google cofounder Larry Page, announced this week it had laid off nine employees, or 10% of its staff, according to the company and a memo seen by Business Insider. It went on sale in January starting at $190,000, and the company says the units will ship in June. His early prototyping caught the attention of Page, who agreed to financially back the company and move it to Palo Alto, California in 2014. Page initially planned to merge Opener with Kittyhawk, his other flying car venture, but tensions between leaders kept the two operations apart.

Persons: —, Larry Page, Ken Karklin, Karklin, Marcus Leng, Page, Kittyhawk, Leng Organizations: Service, Business, Karklin, Kittyhawk, Boeing Locations: Canadian, Palo Alto , California, Wisk

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