“I’ve learned a lot about how open source can give startup and growth companies a big advantage. I think it’s going to be a powerful business model in AI,” McBride stated. Dave Munichiello, general partner at GV, spoke about the company’s decision to invest in GitHub earlier this year, calling his firm “long-term investors” with the ability to invest in a company at any stage in its lifetime, specifically selecting the optimal time to invest.

Founded as Google Ventures, GV has $8 billion in assets under its sole limited partner Alphabet Inc. With the company split between investments in life science and digital firms, GV is active in North America and Europe.

The post Google Ventures Hires General Partner to Drive AI Startups appeared first on theprimarymarket.com.

According to Google’s Vice President of Government Affairs and Public Policy Mark Isakowitz, the additional funds will be primarily used to complete the construction of the Columbus and Lancaster centers while also expanding the New Albany facility.

Data centers across the United States have quickly emerged as a promising source of revenue for local governments, while also consuming high levels of electricity and high-voltage transmission lines. But while many data centers receive incentives from local governments, Lt. Gov. Jon Husted revealed that no tax credits or other public incentives were offered to Google in exchange for opening its data centers.

The post Google Decides To Pump Additional Investment Into Ohio Data Centers appeared first on theprimarymarket.com.

Following Elon Musk’s takeover of the social media platform last year, Twitter signed a multi-year contract with Google for the service in an effort to fight spam and protect the company’s accounts.

Currently, Twitter hosts some of its services on the Google Cloud server while housing others on Amazon’s Cloud platform. Still, the exact extent to which Twitter’s trust and safety teams are set to be impacted remains unclear.

According to reports, Twitter has been attempting to renegotiate its contract with Google Cloud since March. It has since been unable to reach an agreement.

In March, Twitter’s outstanding bills to Amazon Web Services led Amazon to withhold its advertising payments to the social media platform.

The post Twitter Refuses to Pay Google Cloud Bills, Jeopardising Trust appeared first on theprimarymarket.com.

If Samsung does choose Bing over Google, this could lead to a loss of $3 billion in annual revenue for Alphabet. While Google has historically been the market leader in the search engine space, Bing has been threatening Google’s dominance following the addition of OpenAI’s ChatGPT to provide responses to users’ queries.

Google has been working on several projects in an effort to compete with Bing and OpenAI on the artificial intelligence front. This includes a new project called Magi, which involves the addition of AI capabilities to its existing features.

According to IDC data, Samsung shipped 261 million smartphones in 2022 running Google’s Android software. In addition to its contract with Samsung, Google also has an agreement in place, which the New York Times valued at $20 billion in annual revenue.

The post Google Stocks Slide Amid Report That Samsung May Opt for Bing appeared first on theprimarymarket.com.

According to a recent report published by Bloomberg, Amazon, and Google, as well as some other big U.S. companies working in Europe, are finding it hard to cut jobs. The main reason is that EU labor laws are stricter than the ones in the U.S. and make large-scale layoffs a huge challenge.

The process of bigger job cuts in Europe can’t be completed without completing various steps, including talks and negotiations with employee councils. This means that going through with the layoffs will be much more laborious for tech companies than they envisioned.

Trying to overcome these problems, Amazon and Google have started offering incentives and generous severance packages to affected workers in an attempt to encourage them to leave their jobs voluntarily. For example, Amazon offered some senior managers “as much as one year’s pay,” among other benefits, to try and get them to leave.

“We have been working carefully and individually through each country where reductions are taking place to fully adhere to local legal requirements, which vary per location, are complex, and take time,” a Google spokesperson wrote in the mail when reached out by Bloomberg.

Amazon announced additional layoffs in March that will see the company trim its workforce by 9,000 employees. Google, on the other hand, announced in January that it would cut around 12,000 jobs. 

The post Amazon and Google Facing Obstacles in Conducting Planned Layoffs in Europe appeared first on theprimarymarket.com.

According to a memo obtained by Business Insider, Google’s chief financial officer Ruth Porat notified the staff about the company’s plans to cut on a number of previous services and perks that have been available in the past. This includes removing snack bars and microkitchens, closing in-house café on days when a small number of workers are in the office, and eliminating the free massages. The company will also “shift some fitness classes and shuttle schedules” while changing its equipment upgrade policy.

“We set a high bar for industry-leading perks, benefits, and office amenities and will continue that into the future. However, some programs need to evolve for how Google works today,” wrote Porat in the memo.

The decision to remove a number of employee perks follows a previous plan for workforce reduction that was announced back in January. As a result of the plan, the company laid off 12,000 workers. The decision was made in order to help the company save money and allow investing in future projects, including AI.

The post Google Set to Cut Various Employee Perks as Part of Money-Saving Efforts appeared first on theprimarymarket.com.

“I am very fortunate to be offered to take down some equity, but it’s a $29 billion valuation with virtually no revenue… I’m looking at it,” O’Leary cautiously stated. While unsure of the company’s valuation, the Shark Tank cast member did reveal that he would look to purchase a 1% share in ChatGPT.

For O’Leary, there are two main justifications for taking a leap of faith in the revolutionary new software. Firstly, the platform’s rapid growth in new subscribers came to the seasoned investor’s attention, with the platform crossing the 100 million user mark in January. Secondly, O’Leary is attracted to the recurring revenue model adopted by ChatGPT, with some of his own employees subscribing to the $20 per month premium ChatGPT service.

The post “Shark Tank”‘s Kevin O’Leary Considers Investing In ChatGPT, Claims it is “Killing” Google appeared first on theprimarymarket.com.

Alphabet shares rose almost 4% in pre-market trading following the announcement. This is the latest in a slew of major tech company layoffs, including the likes of Microsoft Corp.

Microsoft announced its decision to cut 10,000 jobs as inflation concerns have convinced the company to cut costs. It too announced its decision to rely more on AI technology.

Alphabet’s CEO Sundar Pichai wrote in a staff memo that the company is now facing a different economic landscape from when it adopted its rapid hiring strategy two years ago—a decision that Pichai said he is taking responsibility for. He went on to say that Google is looking “to share some entirely new experiences for users, developers, and businesses” before emphasizing the opportunity that lies before the company in the AI sphere.

The company has reportedly already notified affected employees within the United States, preparing to provide them with severance and six months of healthcare as well as immigration support.

The post Google Parent Company to Lay Off 12,000 Workers appeared first on theprimarymarket.com.

Currently, the company serves 17 metro areas across the United States, including previously announced projects in Mesa, Arizona and Colorado Springs, Colorado. According to Jain, the company is not seeking to launch its fiber network across the entire nation, but rather in areas where access to high-speed internet is lacking.

“There was an impression 10 years ago that Google Fiber was trying to build the entire country,” Jain explained. “What we are gesturing here is, ‘No, we are not trying to build the entire country.'”

Google’s foray into becoming an internet service provider began in 2010 after founders Larry Page and Sergey Brin grew tired of waiting for U.S. Congress to pass legislation aimed at advancing the industry through higher speeds at lower costs.

The post Google Fiber Seeks Largest Growth Spurt in Seven Years appeared first on theprimarymarket.com.

“I’ve learned a lot about how open source can give startup and growth companies a big advantage. I think it’s going to be a powerful business model in AI,” McBride stated. Dave Munichiello, general partner at GV, spoke about the company’s decision to invest in GitHub earlier this year, calling his firm “long-term investors” with the ability to invest in a company at any stage in its lifetime, specifically selecting the optimal time to invest.

Founded as Google Ventures, GV has $8 billion in assets under its sole limited partner Alphabet Inc. With the company split between investments in life science and digital firms, GV is active in North America and Europe.

The post Google Ventures Hires General Partner to Drive AI Startups appeared first on theprimarymarket.com.

According to Google’s Vice President of Government Affairs and Public Policy Mark Isakowitz, the additional funds will be primarily used to complete the construction of the Columbus and Lancaster centers while also expanding the New Albany facility.

Data centers across the United States have quickly emerged as a promising source of revenue for local governments, while also consuming high levels of electricity and high-voltage transmission lines. But while many data centers receive incentives from local governments, Lt. Gov. Jon Husted revealed that no tax credits or other public incentives were offered to Google in exchange for opening its data centers.

The post Google Decides To Pump Additional Investment Into Ohio Data Centers appeared first on theprimarymarket.com.

Following Elon Musk’s takeover of the social media platform last year, Twitter signed a multi-year contract with Google for the service in an effort to fight spam and protect the company’s accounts.

Currently, Twitter hosts some of its services on the Google Cloud server while housing others on Amazon’s Cloud platform. Still, the exact extent to which Twitter’s trust and safety teams are set to be impacted remains unclear.

According to reports, Twitter has been attempting to renegotiate its contract with Google Cloud since March. It has since been unable to reach an agreement.

In March, Twitter’s outstanding bills to Amazon Web Services led Amazon to withhold its advertising payments to the social media platform.

The post Twitter Refuses to Pay Google Cloud Bills, Jeopardising Trust appeared first on theprimarymarket.com.

If Samsung does choose Bing over Google, this could lead to a loss of $3 billion in annual revenue for Alphabet. While Google has historically been the market leader in the search engine space, Bing has been threatening Google’s dominance following the addition of OpenAI’s ChatGPT to provide responses to users’ queries.

Google has been working on several projects in an effort to compete with Bing and OpenAI on the artificial intelligence front. This includes a new project called Magi, which involves the addition of AI capabilities to its existing features.

According to IDC data, Samsung shipped 261 million smartphones in 2022 running Google’s Android software. In addition to its contract with Samsung, Google also has an agreement in place, which the New York Times valued at $20 billion in annual revenue.

The post Google Stocks Slide Amid Report That Samsung May Opt for Bing appeared first on theprimarymarket.com.

According to a recent report published by Bloomberg, Amazon, and Google, as well as some other big U.S. companies working in Europe, are finding it hard to cut jobs. The main reason is that EU labor laws are stricter than the ones in the U.S. and make large-scale layoffs a huge challenge.

The process of bigger job cuts in Europe can’t be completed without completing various steps, including talks and negotiations with employee councils. This means that going through with the layoffs will be much more laborious for tech companies than they envisioned.

Trying to overcome these problems, Amazon and Google have started offering incentives and generous severance packages to affected workers in an attempt to encourage them to leave their jobs voluntarily. For example, Amazon offered some senior managers “as much as one year’s pay,” among other benefits, to try and get them to leave.

“We have been working carefully and individually through each country where reductions are taking place to fully adhere to local legal requirements, which vary per location, are complex, and take time,” a Google spokesperson wrote in the mail when reached out by Bloomberg.

Amazon announced additional layoffs in March that will see the company trim its workforce by 9,000 employees. Google, on the other hand, announced in January that it would cut around 12,000 jobs. 

The post Amazon and Google Facing Obstacles in Conducting Planned Layoffs in Europe appeared first on theprimarymarket.com.

According to a memo obtained by Business Insider, Google’s chief financial officer Ruth Porat notified the staff about the company’s plans to cut on a number of previous services and perks that have been available in the past. This includes removing snack bars and microkitchens, closing in-house café on days when a small number of workers are in the office, and eliminating the free massages. The company will also “shift some fitness classes and shuttle schedules” while changing its equipment upgrade policy.

“We set a high bar for industry-leading perks, benefits, and office amenities and will continue that into the future. However, some programs need to evolve for how Google works today,” wrote Porat in the memo.

The decision to remove a number of employee perks follows a previous plan for workforce reduction that was announced back in January. As a result of the plan, the company laid off 12,000 workers. The decision was made in order to help the company save money and allow investing in future projects, including AI.

The post Google Set to Cut Various Employee Perks as Part of Money-Saving Efforts appeared first on theprimarymarket.com.

“I am very fortunate to be offered to take down some equity, but it’s a $29 billion valuation with virtually no revenue… I’m looking at it,” O’Leary cautiously stated. While unsure of the company’s valuation, the Shark Tank cast member did reveal that he would look to purchase a 1% share in ChatGPT.

For O’Leary, there are two main justifications for taking a leap of faith in the revolutionary new software. Firstly, the platform’s rapid growth in new subscribers came to the seasoned investor’s attention, with the platform crossing the 100 million user mark in January. Secondly, O’Leary is attracted to the recurring revenue model adopted by ChatGPT, with some of his own employees subscribing to the $20 per month premium ChatGPT service.

The post “Shark Tank”‘s Kevin O’Leary Considers Investing In ChatGPT, Claims it is “Killing” Google appeared first on theprimarymarket.com.

Alphabet shares rose almost 4% in pre-market trading following the announcement. This is the latest in a slew of major tech company layoffs, including the likes of Microsoft Corp.

Microsoft announced its decision to cut 10,000 jobs as inflation concerns have convinced the company to cut costs. It too announced its decision to rely more on AI technology.

Alphabet’s CEO Sundar Pichai wrote in a staff memo that the company is now facing a different economic landscape from when it adopted its rapid hiring strategy two years ago—a decision that Pichai said he is taking responsibility for. He went on to say that Google is looking “to share some entirely new experiences for users, developers, and businesses” before emphasizing the opportunity that lies before the company in the AI sphere.

The company has reportedly already notified affected employees within the United States, preparing to provide them with severance and six months of healthcare as well as immigration support.

The post Google Parent Company to Lay Off 12,000 Workers appeared first on theprimarymarket.com.

Currently, the company serves 17 metro areas across the United States, including previously announced projects in Mesa, Arizona and Colorado Springs, Colorado. According to Jain, the company is not seeking to launch its fiber network across the entire nation, but rather in areas where access to high-speed internet is lacking.

“There was an impression 10 years ago that Google Fiber was trying to build the entire country,” Jain explained. “What we are gesturing here is, ‘No, we are not trying to build the entire country.'”

Google’s foray into becoming an internet service provider began in 2010 after founders Larry Page and Sergey Brin grew tired of waiting for U.S. Congress to pass legislation aimed at advancing the industry through higher speeds at lower costs.

The post Google Fiber Seeks Largest Growth Spurt in Seven Years appeared first on theprimarymarket.com.