Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Google is feeling like any old business, and it won't be easy to pivot

Feb 29, 2024 - businessinsider.com
Google is facing criticism and backlash over its new AI model, Gemini, which has been deemed too "woke". The tech giant, once considered the best place to work in Silicon Valley, is now being seen as just another business, with bureaucracy, risk aversion, and deference to Wall Street becoming the norm. The controversy over Gemini has led to questions about the company's culture and its influence by left-leaning workers. Despite these issues, Google's market cap still stands at $1.7 trillion.

In other news, Snowflake's CEO Frank Slootman is retiring immediately, causing the company's shares to drop 23%. Toyota's slow and steady approach to hybrid vehicles is proving successful, while TikTok is encouraging creators to focus on photo slideshows amid a dispute with Universal Music Group. Meanwhile, Boxabl, a tiny-home builder, is inviting new investors as it struggles to establish a profitable business model.

Key takeaways:

  • Google is facing criticism and internal backlash over its new AI model, Gemini, which has been labeled as too "woke". The company's CEO, Sundar Pichai, acknowledged that they "got it wrong".
  • Google's stock is down roughly 1.5% year-to-date due to disappointing revenue numbers for its search business in the fourth quarter.
  • Snowflake's CEO, Frank Slootman, is retiring effective immediately, causing the company's shares to tumble 23% in after-hours trading.
  • Toyota's measured approach to hybrid vehicles is paying off, potentially positioning the company ahead of competitors who have heavily invested in electric vehicles.
View Full Article

Comments (0)

Be the first to comment!