Saturday, December 21, 2024

Google Layoffs: Sundar Pichai announces major job cuts in these top roles amid threat from OpenAI

Google has announced major job cuts in managerial roles, CEO Sundar Pichai said in an all-hands meeting on Wednesday. Google's CEO said it had cut managers, directors, and VPs by 10% as part of its efficiency drive. The company has been boosting efficiency by reducing layers and reorganizing teams. The move comes amid threats from OpenAI and other AI rivals.

from Tech-Economic Times https://ift.tt/xD3YP0Q

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...