Tough Choices at Dropbox: 528 Jobs Lost as Company Confronts Slowing Demand and Profit Pressures
For the second time in under two years, Dropbox is executing major layoffs, with 20% of its global workforce set to be cut. In a blog post from CEO Drew Houston, the company announced it will be letting go of approximately 528 employees, citing a challenging economic...
Washington’s New AI Play: Targeted Export Licenses to Thwart China’s Tech Ambitions
The Biden administration is exploring new strategies to regulate the export of advanced artificial intelligence (AI) chips from U.S. companies like Nvidia Corp. and Advanced Micro Devices Inc. (AMD) on a territorial basis, according to multiple sources familiar with the...
Amazon Unveils Advanced Ad Capabilities with AI, DSP Enhancements at UnBoxed Conference
Amazon Ads recently introduced a series of cutting-edge tools and platform updates aimed at streamlining advertising campaigns and enhancing advertiser capabilities. The announcements were made at Amazon’s annual UnBoxed conference, where the retail media giant showcased how...
DOJ Wants to Split Google’s Empire, Cites Monopoly Concerns Over Search
The U.S. Department of Justice (DOJ) is weighing a dramatic move to dismantle parts of Google’s business to address its alleged monopoly in online search. In a court filing on Tuesday, federal prosecutors hinted at seeking a federal judge’s order to force the tech...
Autonomous Dream or Reality? Musk Promises Affordable Cybercab Before 2027
Tesla CEO Elon Musk took the stage once again, unveiling his latest venture into autonomous driving with the Cybercab, a fully self-driving car priced at under $30,000. Musk also teased plans for the Robovan, capable of carrying up to 20 people. The announcement, made at...