This weeks Tech, Web3, Crypto and AI news
- 🤖 Google AI announcement tanks stock 7%
- 😳 Are more layoffs coming?
- 🍺 Crypto Out, More Beer And Gambling In
AND NOW THE NEWS
Google AI announcement tanks stock 7%
Alphabet (Google's parent company) experienced a 7% drop in its stock price after the announcement and demonstration of its new artificial intelligence chatbot, Bard. The announcement was made on Monday and the technology will begin rolling out in the coming weeks. Bard is powered by Google's language model LaMDA and will be opened up to trusted testers before being made available to the public.
During the demonstration, Google showed how Bard could be used for various purposes such as planning trips and providing pros and cons of buying an electric car. A GIF shared by Google incorrectly stated that the James Webb Space Telescope took the first images of a planet outside our solar system, which was corrected by astronomers on Twitter.
Written by: VimalV5Final
Are more layoffs coming?
Tech companies have experienced a significant drop in employment in the past month, with a total of nearly 60,000 jobs cut. This is a reversal of the hiring spree that occurred during the pandemic as people moved their lives online.
Companies like IBM and Zoom have announced layoffs in the past month, but the industry is still larger than it was three years ago. However, industry analysts predict further cuts in 2023 due to the Federal Reserve's increase in interest rates. Wedbush analysts have stated that this year's major theme will be tech layoffs as the Silicon Valley enters a cost-cutting mode after a decade of hyper growth.
Although there have been many layoff announcements, employment in the information sector rose throughout most of last year, with a drop only seen in December. This suggests that demand for talent remains strong and many laid-off tech workers will be able to find new jobs.
Written by: VimalV5Final
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AND BACK TO THE NEWS
Crypto Out, More Beer And Gambling In
Crypto at last year's Crypto at this year's
Super Bowl Super Bowl
— Morning Brew ☕️ (@MorningBrew)
Feb 2, 2023
In the good feel news of the year so far, crypto ads are no longer welcome during the most popular sporting event in the U.S.
It’s because of the spectacular implosion of FTX, which was considered the golden child of CeFi for a period of time, which also had superstar QB Tom Brady as the celebrity face of the brand.
Now, CeFi crypto have to hang their heads in shame…
…and I for one am GLAD!
CeFi entities accounted for the majority (if not all) ads in the mainstream space, as a desperate ploy to bring on more unsuspecting users to give up their hard earned cash, only for these s̶c̶a̶m̶m̶e̶r̶s̶ entities to use the funds in “unsavory” ways, which I won’t go into since we‘ve been bombarded with that news for months now.
So what will replace crypto ads in this years Super Bowl?
Which are more palatable ways to lose your money!
Written by: nikethereum.eth / Medium / Mirror
One Last Thing...
The nerve of this robot...
— Vimal Vachhani (@VimalV5Final)
Feb 3, 2023
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