Uncategorized – Page 275 – I wish I had more to offer

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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source

ChatGPT sets record for fastest-growing user base – analyst note, article with gallery

Feb 1 (Reuters) – ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, said an average of about… Continue reading ChatGPT sets record for fastest-growing user base – analyst note, article with gallery

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Zopa raises $92 million as SoftBank sits out funding round Zopa, the British peer-to-peer lender turned digital bank, has raised 75 million pounds ($92.40 million) from some of its shareholders, as plans for an initial public offering (IPO) have been put on hold, Chief Executive Jaidev Janardana told Reuters. Go to Source

Meta shares soar as company cuts spending, forecasts upbeat first-quarter sales, article with image

Feb 1 (Reuters) – Meta Platforms Inc’s (META.O) stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook cut its cost outlook for 2023 by $5 billion and projected first-quarter sales that… Continue reading Meta shares soar as company cuts spending, forecasts upbeat first-quarter sales, article with image

Technologycategory

Factbox: Tech firms, Wall Street lead job cuts in corporate America, article with video

Feb 1 (Reuters) – Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Rapid interest rate hikes and weak consumer demand have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks… Continue reading Factbox: Tech firms, Wall Street lead job cuts in corporate America, article with video

Apple set to post rare revenue drop as focus shifts to demand rebound, article with image

Feb 1 (Reuters) – Apple Inc (AAPL.O) is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn (2317.TW). Investors will look for details on how Chief Executive Tim Cook is trying… Continue reading Apple set to post rare revenue drop as focus shifts to demand rebound, article with image

Technologycategory

Exclusive: EV maker Rivian to cut 6% of jobs amid price war -internal memo, article with gallery

SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry-wide price war. The company is focusing resources on ramping up vehicle production and reaching profitability,… Continue reading Exclusive: EV maker Rivian to cut 6% of jobs amid price war -internal memo, article with gallery

Tinder owner Match to cut staff by about 8%, article with image

Feb 1 (Reuters) – Match Group Inc (MTCH.O) said on Wednesday it would lay off about 8% of its workforce, becoming the latest tech company to cut jobs in the face of rising interest rates and lower spending from consumers. Reporting by Vansh Agarwal and Shreyaa Narayanan in Bengaluru Editing by Vinay Dwivedi Our Standards:… Continue reading Tinder owner Match to cut staff by about 8%, article with image