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☆ Peter Anthony Morgan, Grammy-Winning Reggae Singer, Dies at 46
▼ + stars: | 2024-02-25 | by ( Mike Ives | ) www.nytimes.com time to read: +1 min

Peter Anthony Morgan, the lead singer of the reggae band Morgan Heritage, a Grammy Award-winning group that was formed by children of the singer Denroy Morgan and came to be known for its varied influences and tight vocal harmonies, died on Sunday. Mr. Morgan’s family confirmed his death in a statement on the band’s social media platforms. Mr. Morgan, known as “Peetah,” started Morgan Heritage with seven of his siblings in the 1994. For some early albums, including “Protect Us Jah” (1997) and “Don’t Haffi Dread” (1999), Morgan Heritage worked with Bobby Digital, one of Jamaica’s most influential producers. Before a show at New York City’s Irving Plaza in 1999, a New York Times music critic wrote that the band “holds on to the 1970s reggae traditions of harmony singing and thoughtful messages.”

Persons: Peter Anthony Morgan, Morgan, Denroy Morgan, Morgan’s, ”, Morgan Heritage, Bobby Digital Organizations: Morgan Heritage, Associated Press, Irving Plaza, New York Times Locations: New

☆ The AI party has already begun, says Wedbush Securities' Dan Ives
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe AI party has already begun, says Wedbush Securities' Dan IvesDan Ives, Wedbush Securities, joins 'Squawk on the Street' to discuss why 1995 is an analog to where equity markets are right now, inventory corrections on a quarterly basis, and the multiplier effect for companies operating in the AI space.

Persons: Dan Ives Dan Ives Organizations: Wedbush Securities

☆ AI is having a '1995 moment'
▼ + stars: | 2024-02-23 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Read previewArtificial intelligence is having a 90s-like boom — and one analyst says Nvidia is leading the charge. "This is a 1995 Moment as now the AI Revolution and $1 trillion of incremental spending over the next decade is hitting the software ecosystem and rest of tech sector," Dan Ives, a tech analyst at Wedbush Securities, wrote in a recent analyst note. "The AI Revolution starts with Nvidia and in our view, the AI party and popcorn is just getting started," Ives said. "We started the AI journey with the hyperscale cloud providers and consumer internet companies," Huang said. "We're really just getting started," Huang said.

Persons: —, Dan Ives, Ives, Nvidia didn't, Jensen Huang —, Nvidia who's, Huang Organizations: Service, Nvidia, Wedbush Securities, Business, Adobe, Oracle

☆ Nvidia is 'jet fuel' for the stock market, say Wall Street analysts
▼ + stars: | 2024-02-22 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The stock surged 14% in premarket trading, putting it on course to boost its value by $240 billion. 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 . AdvertisementHere's how analysts are reacting to Nvidia's latest report. Advertisement"This was a 'game-changing moment' for the tech bulls and puts jet fuel in the tech bull market thesis," he added.

Persons: —, it's, Jensen Huang, Kathleen Brooks, XTB, we've, Brooks, hadn't, Dan Ives, AI Jensen, Ives, Jason Hollands, Hollands, Russ Mould, AJ Bell, Mould Organizations: Nvidia, Service, Nikkei, Big Tech Locations: Europe, Bestinvest

☆ London Fashion Week: Highlights from the Fall-Winter 2024 runways
▼ + stars: | 2024-02-21 | by ( Fiona Sinclair Scott | Leah Dolan | ) edition.cnn.com time to read: +10 min

Ben BroomfieldFaux furFleecy, fuzzy or fine: Faux fur was a key textile on the London runways. Ben Broomfield/Ben Broomfield @photobenphotoRobyn Lynch gave the white anorak a romantic silhouette during her Fall-Winter 2024 show. Maja SmiejkowskaStaged in a Gothic Revival church in East London, Dilara Findikoglu's show was a twisted fantasy. Dilara FindikogluSinead O'Dwyer, whose collection was inspired by a not-so-appropriate take on office wear, led the charge on diverse casting this season. Chris YatesModel on the runway at Molly Goddard RTW Fall 2024 as part of London Ready to Wear Fashion Week held at the Cecil Sharp House on February 17, 2024 in London, England.

Persons: scrappy, Vivienne Westwood, Alexander McQueen, John Galliano, Jonathon Ferris, John Malkovich, Maximilian Raynor’s, Harris Reed, Victoriana, — Conner Ives, Sinead Gorey —, Ives, Gorey, Maria Callas —, JW Anderson, Jonathan Anderson, ”, Amy Winehouse’s, Lily Cole, Agyness Deyn, Edward Crutchley, Stephen Jones ’ millinery, Molly Goddard’s, ” Goddard, ” Molly Goddard, Ben Broomfield, Broomfield, Simone Rocha, Jean Paul Gaultier, Queen Victoria, Conner Ives, Precious Lee, Sinead Gorey, Johanna Parv, Parv, Daniel Lee, moleskin, Henry Nicholls, Robyn Lynch, Lynch upcycled outerwear, Ben Broomfield @photobenphoto Robyn Lynch, Chris Yates, Naomi Campell, Joe Maher, Daniel Lee's, Filippo Fior, Burberry Erdem, Giovanni Giannoni, Jason Lloyd Evans, Jason Lloyd Evans Harris, Marc Hibbert Jonathan Anderson's, JW Anderson “, ” Anderson, ” JW Anderson, Ben Broomfield Sinead Gorey, Eamonn M . McCormack, Aldama Precious Lee, Maja Smiejkowska, Dilara, Dilara Findikoglu Sinead O'Dwyer, Chris Yates Lottie Moss, Kate Moss's, Sinead O'Dwyer, Molly Goddard RTW, Cecil Sharp, Aitor Rosas Sune, WWD, Rosas Sune, Molly Goddard's frilly, Ahluwalia Organizations: London CNN, Central Saint Martins, Tate, JW, Fashion, Burberry, British Vogue, Jean Paul Gaultier couture, Getty, ., Company, British Museum, Getty Images Locations: London, Tate Britain, East London’s, Paris, AFP, Irish, East London, England, Nigeria

☆ Jensen spoke and the market listened, says Wedbush's Dan Ives on Nvidia earnings
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJensen spoke and the market listened, says Wedbush's Dan Ives on Nvidia earningsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Email Jensen, Wedbush's Dan Ives, Brian Sullivan, “ Organizations: Nvidia, CNBC

The company also has promised to wall off U.S. user data from its parent company through a separate entity run independently from ByteDance and monitored by outside observers. TikTok says new user data is currently being stored on servers maintained by the software company Oracle. The AP-NORC poll shows TikTok users — about 170 million in the U.S., most of whom skew younger — are less likely to be worried about the app sharing American users' data, reflecting a previously felt generational divide. The Biden campaign has said it is using a separate cellphone for TikTok to isolate the app from other communications and was taking additional steps for protection. The poll also found that about 6 in 10 U.S. adults — and 41% of daily TikTok users — are “extremely or very concerned” about the amount of time children and teenagers spend on TikTok.

Persons: Joe Biden’s, TikTok, ”, Dan Ives, Biden, Mark Warner, ” Warner, “, Alex Haurek, Vivek Ramaswamy, influencers, —, it’s, Linley Sanders, ___ Organizations: The Associated Press, NORC Center for Public Affairs Research, U.S, Oracle, Foreign Investment, Commerce Department, Wedbush Securities, European Union, Senate, Virginia Democrat, Republican, Union Locations: U.S, Beijing, Virginia, India, Washington

☆ SpaceX Is Now Incorporated in Texas, Elon Musk Says
▼ + stars: | 2024-02-15 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

The private rocket company SpaceX has switched where it is incorporated to Texas from Delaware, its founder, Elon Musk, said on Wednesday, weeks after a Delaware judge voided his pay package at Tesla, another company he owns. A spokeswoman for Ms. Nelson’s office did not immediately respond to a request for comment. Mr. Musk, a billionaire who lives in Texas and also runs the carmaker Tesla, has had issues with Delaware. Last month, a judge there voided the pay package that had helped to make him the world’s wealthiest person. The judge ultimately ruled that Mr. Musk had effectively overseen his own compensation plan, valued at more than $50 billion last month, with the help of compliant board members.

Persons: Elon Musk, Jane Nelson, Musk Organizations: SpaceX, Tesla Locations: Texas, Delaware

☆ Confiscated Motorbikes Pile Up as Vietnam Goes After Drunken Driving
▼ + stars: | 2024-02-14 | by ( Mike Ives | Chau Doan | ) www.nytimes.com time to read: 1 min

Motorbikes — the preferred mode of transport in Vietnam — are piling up in impound lots in Ho Chi Minh City as it becomes more cost effective for some owners to abandon them than to pay the fines to get them back. The city, Vietnam’s financial center, has gotten more aggressive in targeting drunken driving in recent years by raising fines and confiscating vehicles. Those fines are now often higher than the value of the vehicles, which many drivers are not reclaiming, officials say. Now the police are wondering what to do with them.

Locations: Vietnam, Chi Minh

☆ Winter Storm New York and New England Brace for Powerful Nor’easter
▼ + stars: | 2024-02-13 | by ( Mike Ives | Isabella Kwai | ) www.nytimes.com time to read: +5 min

The wintry mess left both parties racing to rewrite last-minute campaign plans and sophisticated models to understand how the storm might affect turnout. But many Republican voters still prefer to vote on Election Day, and their party is accustomed to closing a gap. The party has won nearly every major election on Long Island since 2021, partly on the strength of its turnout operation. Peter T. King, a former Republican congressman, conceded that the snow could cost his party a couple of percentage points. Still, he predicted that the recently revived Nassau County Republican machine was up to the task.

Persons: Stephanie Keith, Dave Sanders, The New York Times Stephanie Keith, The New York Times Tom Suozzi, Mazi Pilip, George Santos, ” Steve Israel, ”, Biden, Santos, Tom Suozzi, Suozzi, Mazi, “, ” Jay Jacobs, Peter T, King, committeemen, Suozzi’s, haven’t, Mr, Jacobs, Delia DeRiggi, Bruce Blakeman, Blakeman, Ellen Yan Organizations: The New York Times, The New York Times Credit, Democrat, Republican, Queens and, Republicans, Democratic, Mr, Democratic Party, Nassau County Republican, Legislature Locations: Nassau, New York, Queens and Long, New York City, Long, Nassau County, North Shore, Whitton

In the aftermath of that storm, safety experts offered advice on how people can stay safe if they are stuck in their vehicles. First, do not leave your car, experts said. If you run out of water, drink melted snow, Dr. Mitchell said. Drive slowly to avoid skidding, and note that it takes longer to decelerate in icy road conditions, according to AAA. Drivers should inspect tires monthly and before long trips, according to guidance issued by the National Highway Traffic Safety Administration.

Persons: Ken Zafren, ”, Gordon Giesbrecht, Steve Mitchell, Grant Lipman, Mitchell, Lipman Organizations: Woodrow, Stanford University, Alaska Native Medical Center, University of Manitoba, Credit, . Virginia Department of Transportation, Associated Press, American Kennel Club, National Weather Service, AAA, National, Traffic Safety Administration Locations: Alexandria, Va, Virginia, Alaska, Anchorage , Alaska, Seattle, Fredericksburg

☆ With a low cocoa supply, this Valentine’s Day chocolate prices are up
▼ + stars: | 2024-02-12 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.

Persons: ”, Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, “, they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, “ Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP

☆ Israel Says It Rescued 2 Hostages From Rafah
▼ + stars: | 2024-02-11 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +2 min

Israeli security forces said early Monday that they had rescued two hostages who were being held in the southern Gazan city of Rafah, in one of the few examples of a successful hostage rescue in Gaza since the start of the war. Mr. Marman and Mr. Har were among more than 240 people captured during the surprise Oct. 7 raid on southern Israel by Hamas and other militant groups, which later prompted Israel to retaliate with massive airstrikes and a ground invasion in Gaza. Israel has been discussing plans to send troops into Rafah, even as aid groups, the United Nations and the United States have warned that the people sheltering there have nowhere to go. About 100 of the hostages taken in October were released during a weeklong cease-fire last year. Hostages’ families have been pressing Israel to prioritize negotiations for their release.

Persons: Fernando Simon Marman, Louis Har, Shin Bet, Israel, Marman, Har, Nir Yitzhak, Benjamin Netanyahu, Netanyahu Organizations: United Nations, New York Times, ABC News Locations: Gazan, Rafah, Gaza, Tel Aviv, Egypt, Israel, United States

☆ 'Musk is the heart of Tesla', the board needs to act on a compensation package: Wedbush's Dan Ives
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Musk is the heart of Tesla', the board needs to act on a compensation package: Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Tesla, Dan Ives, Brian Sullivan, “ Organizations: CNBC

☆ Tesla's board faces a 'tornado situation' after Elon Musk's $55 billion pay package was struck down, analysts say
▼ + stars: | 2024-02-02 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Tesla's board is at a crossroads after a hefty pay plan for Elon Musk was rejected, analysts said. After the Delaware ruling, Musk announced a shareholder vote to move Tesla's incorporation to Texas. AdvertisementTesla's board has its work cut out for it following a judge's surprise ruling against Elon Musk's massive payday, analysts said. "It now creates a tornado situation for Tesla's Board in the next move, with [Wall] Street closely watching this poker move and potential statement," the report said. "Musk is Tesla and Tesla is Musk," Dan Ives, managing director at Wedbush, told Business Insider.

Persons: Elon Musk, Musk, —, Tesla, Kathaleen McCormick, Wedbush, Dan Ives, Ives Organizations: Elon, Tesla, Service, Wedbush Securities, Board, Company, Investors, Reuters Locations: Delaware, Texas, Tesla

☆ Amazon shares pop on top and bottom line beats
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon shares pop on top and bottom line beatsVictoria Greene, G Squared Private Wealth Chief Investment Officer and Paul Hickey, Bespoke Co-Founder, and Dan Ives, Wedbush Managing Director, joins 'Closing Bell Overtime' to talk Amazon earnings.

Persons: Victoria Greene, Paul Hickey, Dan Ives Organizations: Private Wealth, Wedbush

☆ Meta announces first ever dividend of $0.50
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta announces first ever dividend of $0.50Victoria Greene, G Squared Private Wealth Chief Investment Officer and Paul Hickey, Bespoke Co-Founder, and Dan Ives, Wedbush Managing Director, joins 'Closing Bell Overtime' to talk Meta earnings.

Persons: Victoria Greene, Paul Hickey, Dan Ives Organizations: Meta, Private Wealth, Wedbush

BANGKOK (AP) — Asian shares were mixed on Thursday after Wall Street fell to its worst loss since September as the Federal Reserve indicated cuts to interest rates are not imminent. On Wednesday, Big Tech stocks burned by the downside of high expectations triggered a sharp slide. The slide for Big Tech stocks dragged the Nasdaq composite to a market-leading loss of 2.2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, fell a more modest 0.8%, to 38,150.30. Three more Big Tech stocks will report results on Thursday: Amazon, Apple and Meta Platforms, the parent company of Facebook and Instagram.

Persons: Dan Ives, ” Tesla, Elon Musk, “ We’re, ”, Jerome Powell, “ It’s, Powell Organizations: Federal Reserve, Nikkei, Big Tech, Nasdaq, Dow Jones, Microsoft, Wedbush Securities, ”, Apple, Facebook, Fed, Wednesday, Treasury, ADP Research, U.S, New York Mercantile Exchange, Brent Locations: BANGKOK, U.S, Shanghai, Seoul, Australia, India, Louvre, Delaware

☆ We could have a new member of the $2 trillion market cap club this week
▼ + stars: | 2024-01-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

On Monday, Alphabet closed at a market capitalization of $1.91 trillion, less than $100 billion away from a $2 trillion market cap and trailing Microsoft and Apple with market capitalizations last at $3.03 trillion and $2.91 trillion, respectively. Beyond Alphabet Alphabet is close to entering the $2 trillion club, but other prominent mega-cap tech companies are making progress, too. Amazon's market cap finished Monday at $1.64 trillion. The managing partner also sees Meta Platforms as a future $2 trillion market cap candidate. The maker of sophisticated graphics processing units reached a $1 trillion market cap for the first time only in 2023, when it climbed almost 240%.

Persons: Paul Meeks, Meeks, Merrill Lynch, bode, Gene Munster, Dan Ives, Ives, they're, Deepwater's Munster, Wedbush's Ives, Jensen Organizations: Microsoft, Apple, Merrill, Merrill Lynch Investment, Deepwater Asset Management, Amazon Web Services, Munster, Nvidia Locations: U.S

☆ Melinda Wilson, Who Helped Brian Wilson Battle Mental Illness, Dies at 77
▼ + stars: | 2024-01-30 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: 1 min

Melinda Kay Ledbetter Wilson, who rescued her husband, the Beach Boys co-founder Brian Wilson, from psychological ruin, died on Tuesday. Mr. Wilson confirmed her death on Instagram, saying that they had been married for 28 years and had five children together. Jean Sievers, a representative for the family, said that Ms. Wilson had died suddenly at her home in Beverly Hills, Calif. The couple’s relationship was portrayed in the 2014 biopic “Love & Mercy.” The film shows Ms. Wilson (Elizabeth Banks) meeting Mr. Wilson, played by both John Cusack and Paul Dano, in a Cadillac showroom in Los Angeles in the 1980s. After the film was released, Ms. Banks said in an interview with ABC News that she had met Ms. Wilson while preparing for the role.

Persons: Melinda Kay Ledbetter Wilson, Brian Wilson, Wilson, Jean Sievers, “, ”, Elizabeth Banks, John Cusack, Paul Dano, Banks Organizations: Beach Boys, ABC News Locations: Beverly Hills, Calif, Los Angeles

☆ I'm an American who's lived in South Korea for 3 years, and my new beauty routine makes my skin look better than ever
▼ + stars: | 2024-01-30 | by ( Eliza Mikunda | ) www.businessinsider.com time to read: +4 min

K-beauty is a term used to describe a skincare routine using products made in South Korea and emphasizes hydrated, glowy skin. Here are six ways my beauty routine has changed since I moved to South Korea. But in South Korea, I've noticed that people tend to do more to protect themselves from the sun. Once I lived in South Korea, I realized I shouldn't be afraid of oil cleansers. For example, I once wore black liquid liner and mascara in South Korea, and people asked why I was wearing fake lashes.

Persons: —, I'd, I've, Eliza Mikunda, I'm, Ives Organizations: Service, Business Locations: American, South Korea, Korea, Koreans, mascara, St

☆ Microsoft's quarter should be 'printed off and put in the Louvre', says Wedbush's Dan Ives
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's quarter should be 'printed off and put in the Louvre', says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Brian Sullivan, “ Organizations: CNBC

☆ Tech layoffs are expected to continue as companies seek to hire more AI talent, analyst says
▼ + stars: | 2024-01-26 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

And more Big Tech layoffs may be coming this year as companies bet big on AI, an analyst told CNBC. As of January 2024, 89 tech companies have laid off almost 25,000 employees, according to tracker site Layoffs.fyi. "Google and the rest of Big Tech are betting big on AI while cutting back on non-strategic areas," Dan Ives, a tech analyst at Wedbush Securities, told CNBC. Layoffs will continue in some areas, while"the hiring frenzy in AI will be unprecedented as this arms race continues across the tech world." But while growing investment in AI may soon put more out of work, new roles are being created within the AI space.

Persons: —, it's, Dan Ives, Ives, Sundar Pichai Organizations: Big Tech, CNBC, Google, Service, Wedbush Securities, Business, Amazon, Prime, Amazon MGM Studios, SAP, Apple, Meta, Nvidia

☆ Here's why Wedbush's Dan Ives slashed his 12-month stock price target for Tesla
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Wedbush's Dan Ives slashed his 12-month stock price target for TeslaDan Ives, managing director at Wedbush Securities, joins 'Closing Bell' to discuss Tesla and his outlook for the company.

Persons: Wedbush's Dan Ives, Tesla Dan Ives, Tesla Organizations: Wedbush Securities

☆ AI hiring frenzy to fuel layoffs in other tech segments as firms strive to balance costs
▼ + stars: | 2024-01-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images)As tech firms prioritize investments into artificial intelligence and go on a hiring spree, other segments are likely to see layoffs continue into 2024, according to industry experts. More than 20,000 tech employees have already lost jobs so far in 2024, according to tracker layoffs.fyi. "Google and the rest of Big Tech are betting big on AI while cutting back on non-strategic areas. Layoffs will continue to happen for Big Tech in some areas while the hiring frenzy in AI will be unprecedented as this arms race continues across the tech world," Dan Ives, managing director at Wedbush Securities, told CNBC. Google CEO Sundar Pichai last week warned employees there would be more job cuts this year as the company continues to shift investments toward AI.

Persons: Jakub Porzycki, Dan Ives, Sundar Pichai, Pichai Organizations: Getty, Google, Big Tech, Wedbush Securities, CNBC, Microsoft Locations: Krakow, Poland

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