Google: Alphabet’s shares tank eight per cent after video blunder involving its version of ChatGPT February 9, 2023 Google’s parent company Alphabet’s shares plummeted yesterday after its brand new AI chatbot answered a question wrong during a promotional video. The owner of Google saw shares crash almost eight per cent on Wednesday, causing a $100bn (£82bn) loss to its value. This comes after Alphabet announced that Google would be launching an integrating its [...]
Taking the Mickey: Disney to slash 7,000 jobs in bid to save £4.5bn as part of ‘significant transformation’ February 9, 2023 The Walt Disney Co has said it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger. The job cuts amount to about three per cent of the entertainment giant’s global workforce and were announced after Disney reported quarterly results that topped Wall Street’s forecasts. Mr Iger returned as [...]
Fox scores strong results as World Cup broadcasts draw in advertisers February 8, 2023 Last year’s men’s world cup helped Murdoch-owned media giant Fox increase revenues by four per cent. The broadcaster said revenue in the final quarter of 2022 was up to $4.61bn (£3.82bn) from $4.44bn (£3.68bn) in the same quarter in 2021. The FIFA World Cup which took place in Doha in December pulled the majority of [...]
Disney: Episode of The Simpsons referencing China’s ‘forced labour camps’ removed in Hong Kong February 8, 2023 Disney has removed an episode of The Simpsons referencing “forced labour camps” in China from its streaming service in Hong Kong. The company did not immediately respond to a request for comment about why the episode, One Angry Lisa from The Simpsons’ 34th series, is not available to stream on Disney+ in the semi-autonomous Chinese [...]
Nintendo vows to ‘energise’ its Switch console offering following £200m cut to full-year forecast February 7, 2023 Nintendo has cut its full year forecast blaming a drop off in demand for its Switch console. The Japanese company has dimmed its full-year forecasts to a net profit of 370bn yen (£2.3bn) for the year ending 31 March, down from 400bn yen (£2.5bn) predicted last November. In the trading update, the video games manufacturer [...]
Google to launch own version of Microsoft’s ChatGPT: AI will ‘soon’ be integrated into search engine February 7, 2023 Google is launching its own artificial intelligence (AI) chatbot following the success of Microsoft-backed ChatGPT. The company said the product, named Bard, will be released to the public in the coming weeks and will provide written answers to questions in split seconds. AI will also “soon” be integrated into the company’s search engine to provide [...]
Dell cuts almost 7,000 jobs as computer sales fall February 6, 2023 Dell has revealed plans to axe five per cent of its global workforce amid failed restructuring efforts and falling consumer demand for computers. “This is a difficult decision that was not made lightly, and we’ll support those impacted as they transition to their next opportunity,” a spokesperson for Dell said. Chief operating officer Jeff Clarke [...]
Media: Bonhill offered £5.3m cash for InvestmentNews but admits to ‘no certainty’ on a sale February 6, 2023 Bonhill Group revealed that it had received an offer for InvestmentNews from an unnamed US buyer as it updated shareholders on the potential sale of its UK and Asia business. The London-listed company, which produces magazines and events for financial advisers, said it had received a $6.5m (£5.3m) cash offer from a US media buyer [...]
Beyonce is most decorated artist of all time with 32nd Grammy, as Adele, Sam Smith and Harry Styles scoop major gongs February 6, 2023 Beyonce has become the most decorated Grammy artist of all time, collecting her 32nd trophy at this year’s ceremony. The pop superstar, 41, made history as she won the best dance/electronic music album award for her house music-sampling album Renaissance. This took her one higher than the previous record, held by Hungarian-British conductor Georg Solti, [...]
Dragons’ Den-inspired Social Chain media agency that works with Amazon and TikTok sold for £7.7m February 3, 2023 Social Chain, the social media agency founded by Dragons’ Den star Steven Bartlett, is to be sold in a deal worth at least £7.7 million. Social and digital media group Brave Bison announced on Friday that it had struck a deal to buy Social Chain. Mr Bartlett, who is a Dragon on the BBC show [...]