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Alphabet-owned Google plans to reorganize a big part of its 30,000-person ad sales unit, The Information reported on Tuesday, citing a person with knowledge of the situation. Sean Downey, who oversees ad sales to big customers in the Americas, said at a department-wide meeting last week that Google plans to restructure its ad sales teams without specifying whether the move would include layoffs, according to the report. Google intended to consolidate staff, including through possible layoffs, by reassigning employees at its large customer sales unit who oversee relationships with major advertisers, the report said, citing another person briefed on Google's plans . The planned reorganization comes as Google is relying more on machine-learning techniques to help customers buy more ads on its search engine, YouTube and other services, the report added. Google did not immediately respond to Reuters request for a comment. In January this year, Alphabet announced ...

Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy , days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. "We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any bankruptcy filing," a Genesis spokesperson said in an emailed statement to Reuters, adding that it continues to have conversations with creditors. A report from Bloomberg News, citing sources, said Genesis was struggling to raise fresh cash for its lending unit, and warning investors it may need to file for bankruptcy if it does not find funding. Also, the Wall Street Journal reported, citing sources that the company approached crypto exchange Binance seeking an investment but Binance decided against it, fearing a conflict of interest down the line. Genesis also approached private equity firm Apollo Global Management for capital assistanc...

Elon Musk's social media platform X, formerly known as Twitter, rolled out two new subscription plans on Friday, including a Premium+ tier for users willing to pay for an ad-free experience. The Premium+ plan, priced at about $16 per month, includes all the tools and features offered by the platform, minus the ads, the company said in a post on the platform. It will, however, be available for users accessing the platform through a web browser for now, it added. The basic tier is priced at $3 per month but is not ad-free. X is also planning to bundle video and audio calling for some users, in a push to turn the platform into an everything app. Musk has been exploring several options to extensively monetize the social media platform, which he acquired for $44 billion in October 2022. Source: https://thefoxposts.com/elon-musk-s-x-launches-two-new-premium-subscription-plans-TheFOXposts-40103.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blog...

OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence models, as the ChatGPT maker tries to court more companies to use its technology, sources briefed on the plans told Reuters. The updates include the addition of memory storage to its developer tools for using AI models. This could theoretically slash costs for application makers by as much as 20-times, addressing a major concern for partners whose cost of using OpenAI’s powerful models could pile up quickly, as they try to build sustainable businesses by developing and selling AI software. The company also plans to unveil new tools such as vision capabilities that will enable developer s to build applications with the ability to analyze images and describe them, with potential use cases in fields from Entertainment to medicine. The new features mark the company's ambition to expand beyond a consumer sensation ...

ISTANBUL: Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company's Turkish unit. It did not specify when the invest ment would be made. Evans also said Alibaba has invest ed $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best known e-commerce platforms, the statement said. Erdogan is in the United States to attend the 78th session of the U.N. General Assembly. Trendyol, whose president Caglayan Cetin also met with Erdogan, said Evans shared details about new invest ments such as a data centre and a logistics centre in Ankara and an export operation centre at Istanbul Airport. Source: https://thefoxposts.com/alibaba-tells-erdogan-it-plans-to-invest-2-billion-in-turkey-TheFOXposts-35890.html?utm_source=blogger_source&utm_medium=blogger_medium...

As per reports, X plans to collect biometric data along with Education and employment History . The new privacy policy will go into effect from September 29, 2023. As per the policy, the platform will seek consent from the users before collecting their biometric information. As of now, X has not specified how they will collect this information and what they exactly mean by it. As per the reports of Bloomberg, biometrics are for premium users and will give them the option to submit their government ID and an image for verification purposes. Biometric data may be extracted from both the ID and image for matching purposes. With the help of this biometric information, X plans to fight impersonation attempts and make the platform more secure for all. In addition to that, the platform will also store the education and employment history of the users to recommend potential jobs, share with potential employers when applying for a job, and show more relevant advertising. Sourc...

Telstra customers are facing a price increase on their mobile phone plans of up to $72 a year, with the telco the latest to introduce bill price hikes despite cost of living pressures. Increases on mobile post-paid plans and mobile broadband plans will come into effect on July 4, with Telstra notifying customers of the changes earlier this month. WATCH THE VIDEO ABOVE: Telstra increases postpaid mobile plans . Watch the latest News on Channel 7 or stream for free on 7plus >> Telstra says the changes are in line with the Consumer Price Index (CPI), the official measure of inflation, which currently sits at 7 per cent. For customers on Telstra’s cheapest mobile post-paid plan, this will mean an increase of $3 a month, or an extra $36 a year for 2GB of data. The telco’s “basic” plan will jump from $58 a month to $62 a month, while those on its “essential” plan will now pay $72 a month instead of $68. Increases to Telstra’s “premium” plan, its most expensive, will see customer...

Google is planning to make its search engine more "visual, snackable, personal, and human," with a focus on serving young people globally, the Wall Street Journal reported on Saturday, citing documents. The move comes as artificial intelligence (AI) applications such as ChatGPT are rapidly gaining in popularity, highlighting a Technology that could upend the way Business es and society operate. The tech giant will nudge its service further away from "10 blue links," which is a traditional format of presenting search results and plans to incorporate more human voices as part of the shift, the report said. At its annual I/O developer conference in the coming week, Google is expected to debut new features that allow users to carry out conversations with an AI program, a project code-named "Magi," WSJ added, citing people familiar with the matter. Generative AI has become a buzzword this year, with applications capturing the public's fanc...

 Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times reported on Friday citing people familiar with his plans . Twitter-owner Musk is assembling a team of AI researchers and engineers, according to the FT report, and is also in discussions with some investors in SpaceX and Tesla Inc about putting money into his new venture. Musk's plan for the firm comes weeks after a group of AI researchers and executives, including himself, called for a six-month pause in developing systems more powerful than OpenAI's GPT-4, citing potential risks to society. Companies from Microsoft Corp to Alphabet Inc are pushing to incorporate Generative AI, the Technology behind chatbot sensation ChatGPT, into their offerings. However, ChatGPT is facing pushback as regulators call for well-defined rules ahead of its mass adoption. Italy has banned ChatGPT over p...