Google loses $96B in value on Gemini fallout as CEO does damage control
Wall Street Journal editorial board members react to backlash over Google’s Gemini AI tool and slam Vice President Harris’ Varney & Co.’s new student voting program. Google’s parent company Alphabet has taken a hit in the stock market after it discontinued features in its artificial intelligence tool Gemini after users pointed out the company’s bias […]
Google CEO says Gemini chatbot’s ‘woke’ AI disaster ‘completely unacceptable’
Google CEO Sundar Pichai criticized the widely criticized Gemini AI chatbot’s habit of generating “woke” versions of historical figures in a scathing letter to employees. In an email, he called it “totally unacceptable.” Pichai said Google’s AI team is “working around the clock” to fix Gemini. Gemini was disabled last week after its “absurdly woke” […]
Goldman Sachs CEO David Solomon throws cold water on inflation ‘soft landing’
Goldman Sachs CEO David Solomon poured cold water on hopes that the Federal Reserve could achieve a “soft landing” in its fight to curb inflation. “The world is poised for a soft landing,” Solomon said at a bankers conference in Miami on Tuesday, as inflation remains stubbornly above the Fed’s 2% target rate. “The level […]
Macy’s to close 150 stores â 30% of chain â as new CEO takes helm
Macy’s has announced it will close 150 stores, or about 30% of its American chain, as the department store giant increases its focus on luxury goods under a new chief executive. The company said in a Tuesday filing that the planned closures over the next three years will free up up to $750 million worth […]
Kellogg’s CEO says people should eat cereal for dinner to save money
Kellogg’s CEO Gary Pilnick advised shoppers who are shelling out part of their paychecks for the most expensive grocery bill in 30 years to eat cereal instead. . “The cereal category has always been very affordable and tends to be the go-to destination when consumers are under pressure,” Pilnican said in an interview with CNBC […]
Expedia slashing 1,500 jobs after bleak travel demand forecast and CEO exit
Online travel platform Expedia said Monday it will cut about 1,500 jobs, or about 9% of its workforce, worldwide as part of an “organizational and technological transformation.” The reorganization comes after Expedia earlier this month warned that falling ticket prices would slow its revenue in 2024 and announced that CEO Peter Kahn would step down. […]
JPMorgan CEO Dimon cautious about soft landing but says market sentiment improving
Claman Countdown panelists Kenny Porcari and Joseph LaVogna explain what the Federal Reserve is doing. Jamie Dimon, CEO of JPMorgan Chase He maintained a cautious outlook on the overall economy in an interview Monday, but said market sentiment toward stocks and mergers and acquisitions was improving. “There’s more confidence and more talk of M&A,” Dimon […]
LIV CEO Greg Norman posts Anthony Kim hype video as “star to be reborn”
LIV Golf CEO Greg Norman adds another strong name to his stable of talented golfers as Anthony Kim joins the Saudi-backed league starting March 1-3 at LIV Jeddah. Ta. When rumors surfaced that the former world No. 6 was planning a return, fans wondered which tour he would be on. Fans have an answer. Norman […]
CEOs showing big interest AI, former AOL CEO says
Flowcode and a former AOL CEO analyze Nvidia’s success, the demand for artificial intelligence technology among CEOs, and the shift away from technology-centric platforms. Former AOL CEO Tim Anderson predicted that almost every company’s CEO will be interested in artificial intelligence within the next three months. Artificial intelligence is getting a lot of attention, but […]
AT&T CEO shares letter to employees after cell network outage
Technology journalist Kurt Knutson reacts to multiple government agencies investigating AT&T’s phone outages on Craman Countdown. AT&T CEO John Stankey The company shared a letter it sent to employees on Sunday after its cell phone network suffered an outage on Thursday, affecting tens of thousands of Americans. AT&T’s network went out for several hours on […]