iRobot’s Roomba. Source: iRobot Shares of iRobot closed down 19% on Wednesday, after a report said Amazon will not offer concessions to Europe’s antitrust watchdog in a bid to clear its planned $1.7 billion acquisition of the Roomba maker. Politico reported the companies have until the end of the day Wednesday to offer to make…
Comment on this storyComment Add to your saved stories Save Instagram and Facebook unveiled further limits on what teens can see on the apps, a move their parent company Meta says will reduce the amount of potentially harmful content young people encounter. Already, teens could opt to have Instagram’s algorithm recommend less “sensitive content” —…
Updated Jan. 10, 2024 3:16 pm ET Amazon is eliminating hundreds of jobs across its film and television studio and Twitch streaming platform in an effort to rein in costs. Mike Hopkins, senior vice president of Amazon’s Prime Video and Amazon MGM Studios, announced the studio and video-division layoffs in an email to staffers Wednesday. …
Christian Klein, CEO of the software company SAP, stands on the podium looking at his cell phone before the start of the company’s Annual General Meeting. Uwe Anspach | Picture Alliance | Getty Images SAP, the $192 billion German enterprise tech company, will pay more than $230 million to settle investigations into worldwide “recidivist” foreign…
Amazon is laying off hundreds of employees at its studio division as well as its subsidiary Twitch to reduce costs, the latest in a wave of new job cuts hitting the tech industry. Twitch, a video streaming platform, will cut just over 500 roles, or 35 percent of its work force, according to a blog…
Meta faced an uproar from two of its most prominent corporate advertisers – Walmart and Tinder parent Match Group – after they caught wind that Instagram and Facebook were running ads next to content that sexualized underage users, according to an amended lawsuit filed Tuesday. In one exchange from early November, Match Group told Meta…
In an email sent to staff at Prime Video and Amazon MGM Studios, senior vice president of the department Mike Hopkins wrote: “We’ve identified opportunities to reduce or discontinue investments in certain areas while increasing our investments and focus on content and product initiatives that deliver the most impact.”
OpenAI is back in action after its leadership tumult, debuting two product and service launches on Wednesday: the GPT Store — OpenAI’s answer to the App Store, which allows users to list personalized chatbots, or GPTs, they’ve built for others to download — and ChatGPT Team, a new option for businesses. ChatGPT Team, the smaller…
Comment on this storyComment Add to your saved stories Save The newsletter platform Substack rose to prominence with a permissive approach to online speech, attracting big-name writers who felt “canceled” by the mainstream media for their conservative or libertarian rhetoric. Criticized in December for tolerating Nazis and white supremacists on its platform, Substack doubled down,…
Comment on this storyComment Add to your saved stories Save Language-learning app Duolingo has been steadily firing contract writers and translators, replacing them with artificial intelligence, in one of the most high-profile instances yet of a company getting rid of human workers in favor of AI. In several waves of layoffs last year, including in…
