Media Humiliated: Demo of Elon's Tech Proves They're Wrong

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

Google Announces Major Layoffs As Pichai Stresses Efficiency

Bibhu Pattnaik
December 21, 2024

Google (NASDAQ:GOOGL) has reduced its top management roles by 10% as part of a multi-year effort to streamline operations and boost efficiency.

What Happened: On Wednesday, CEO Sundar Pichai revealed during an all-hands meeting that the move reflects Google’s broader push to simplify its structure and adapt to a rapidly evolving tech landscape.

According to employees who attended the meeting, Pichai explained that the efficiency drive included changes to managerial, director, and vice president roles.

Some positions were restructured to nonmanagerial roles, while others were eliminated entirely. The changes align with Pichai's 2022 statement that he wanted the company to become "20% more efficient," a goal that resulted in 12,000 layoffs in January of this year.

According to the report by Business Insider, Google’s pursuit of efficiency comes as competition intensifies in the artificial intelligence space, with rivals like OpenAI launching products that challenge Google's dominance in search.

Also Read: OpenAI’s ChatGPT Makes Headway In Search, Threatening Google’s Reign

In response, Google has infused generative AI into its core services and unveiled innovations such as a new AI video generator and its Gemini AI models, including a "reasoning" model designed to showcase its thought process.

During the meeting, Pichai also addressed Google's cultural identity, discussing the term “Googleyness,” which he said needed an update to reflect the company’s modern values and direction.

The term has long been associated with Google's work culture, and its evolution signals the company's commitment to staying relevant in a rapidly changing industry.

As Google continues its efficiency drive and AI innovation efforts, it remains a key player in shaping the future of technology while adapting its structure and culture for the challenges ahead.

Read Next

Employees Slam Google Leadership’s Vision In Wake Of Layoffs: ‘They Are All Profoundly Boring And Glassy-eyed’

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Continue Reading...

Popular

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people's bank accounts or sent in the mail by a paper check.

Senate begins final push to expand Social Security benefits for millions of people

WASHINGTON (AP) — The Senate is pushing toward a vote on to millions of people, setting up potential passage in the final days of the lame-duck Congress.

The Secret to Trading Success? It's Simpler Than You Think - Ad

Forget fancy software. Top traders rely on free alerts that tell them when to jump on the next big trade. Straight to your phone. No guessing, no stress.

Russian central bank holds rates steady at 21% amid criticism from key business figures

Russia's central bank has left its benchmark interest rate at 21%, holding off on further increases as it struggles to snuff out inflation fueled by the government's spending on the war against Ukraine.

What to stream: 'Squid Game' returns, the movie 'Bird' and Mariah Carey teams up with the NFL

The long-awaited second season of “Squid Game” on Netflix and singing superstar Andrea Bocelli’s Christmas TV special are some of the new television, films and music near you.

Man Who Predicted Trump 2016-2024: Secret Executive Order Will Disrupt Financial Markets - Ad

Jim Rickards, famed Trump 2016-2024 predictor and CIA advisor, just dropped a new bombshell: a secret executive order could disrupt markets. His latest prediction has major implications for your financial future.

Top 3 Industrials Stocks Which Could Rescue Your Portfolio For December

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

What's Going On in This Strange Facility Near Mar-A-Lago? - Ad

Most people have no clue this unassuming facility exists. Yet the minute Donald Trump takes office... This could be the most important building in America. More important than the Capital, the Pentagon... even the White House. Because this may well be the epicenter of Trump's New Manhattan Project.

Biden signs bill that averts government shutdown and brings a close to days of Washington upheaval

WASHINGTON (AP) — President Joe Biden signed a bill into law Saturday that averts a government shutdown, bringing a final close to days of upheaval after Congress approved a temporary funding plan just past the deadline and refused President-elect Donald Trump’s core in the package.

ChatGPT Maker OpenAI Drops o3 Reasoning Model As o1's Successor: Greg Brockman Calls It A 'Breakthrough'

OpenAI concluded its "12 Days of OpenAI" event by launching the o3 reasoning model, a major upgrade over its predecessor o1, showcasing significant advancements in problem-solving and coding capabilities.

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad

31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading shares of their OWN stocks at RECORD pace... But why? Wall Street legend Eric Fry says it's because, soon: "America's most popular stocks like Nvidia, Apple, Meta, Tesla, and thousands more... are set to come plummeting back to Earth." Erasing YEARS of investor profits... Sparking a $17 trillion PANIC on Wall Street...

Bitcoin Crashes 10%, Ethereum, XRP Down 18%, Dogecoin Craters 28%: What Is Going On?

Bitcoin (CRYPTO: BTC) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve’s

TikTok asks federal appeals court to bar enforcement of potential ban until Supreme Court review

TikTok asked a federal appeals court on Monday to bar the Biden administration from enforcing a law that on the popular platform until the Supreme Court reviews its challenge to the statue.

Man Who Called Nvidia Says "Buy These Five AI Stocks." - Ad

In 2016, Jeff Brown called Nvidia at a split-adjusted 66 cents. The company just became the world's third $3 trillion company...And the stock is up massively since Jeff's recommendation. Now, Jeff has found five under-the-radar stocks which could power your retirement. And it's in large part because these companies are connected to Elon Musk and Nvidia.

AI will eavesdrop on world's wildest places to track and help protect endangered wildlife

PUERTO JIMÉNEZ, Costa Rica (AP) — The endangered Geoffrey’s spider monkeys that dangle high in the rainforest canopy are elusive and hard for scientists to track.

What do we know about the mysterious drones reported flying over New Jersey?

A large number of have been reported flying over parts of New Jersey in recent weeks, sparking speculation and concern over who sent them and why.

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

Tech Titans Triumph: The Top 10 Billionaires Who Made Big Gains In 2024

America's wealthiest billionaires had an extraordinary year in 2024, with their fortunes growing at a rate far outpacing the 3% growth of the U.S. economy.

FedEx Positioned As Largest Pure-Play North American LTL Carrier Post-Separation: Analyst

BofA analyst raises FedEx price target to $348, citing potential value creation post-separation, and increases EPS estimates for FY25 and FY26.

Is Artificial Intelligence the Biggest Bubble in History? - Ad

Is it any surprise 31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading their OWN stocks at record pace? They're getting OUT of AI (and Tech Stocks) before it's too late. But why? And WHERE are they moving their cash for the biggest profits, in 2024?

Jim Cramer Warns Nvidia's 'Vicious' And 'Fast' Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe

Jim Cramer cautioned investors about Nvidia Corp on Monday, predicting a potential market correction for the semiconductor giant that has seen its value surge 174% this year.

Drone sightings lead to airspace shutdown at Ohio military base, arrests near Boston airport

BOSTON (AP) — More suspected in the eastern U.S. led to a temporary airspace shutdown at an Air Force base in Ohio and arrests near Boston's Logan International Airport, as elected officials to identify and stop the mysterious unmanned flights.

Buffett, Bloomberg, & 48 Congress Members Are Buying 1 Sector - Ad

Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, "The Walmart Family", Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market... The last time we saw the world's wealthiest investors move their cash into this corner of the market, Stocks exploded 2,020%, 5,609% Even as high as 8,437% in just ONE year. Now, it's all happening again.

DOJ files complaint against CVS for facilitating unlawful sale of prescription opioids

The Justice Department unsealed a civil complaint Wednesday alleging CVS Pharmacy Inc. and various subsidiaries filled “unlawful” prescriptions in violation of the federal Controlled Substances Act.

Take These Four Steps to Protect Your Financial Future... - Ad

AI is hailed as the future, but its hidden dangers may threaten our way of life and financial security. Many Americans may be unprepared as things unravel. I've recorded a critical briefing to expose the truth and help you act. Learn the four steps you must take now to protect yourself and your family.

Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds

WASHINGTON (AP) — , clad in tuxedo and black tie, took the stage at President-elect Donald Trump's Mar-a-Lago resort shortly after the election with all the swagger of the winning candidate himself.

5 Stocks to Potentially Profit From Global Turmoil - Ad

Global violence grows, but these 5 military stocks could potentially skyrocket. Past gains hit 16,270%, turning $700 into $113K. Don't miss out this time...

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans.

Cryptopia Hack Victims Receive $225 Million In Distributions At Last

Victims of the hacking of defunct New Zealand-based crypto exchange Cryptopia are finally seeing restitution, with $225 million in digital assets being distributed to former account holders. What Happened: The distributions mark a significant milestone in the exchange's liquidation process, which has been ongoing since 2019.

Did You See Trump's Bombshell Exec. Order 001? - Ad

Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001." It's a bombshell law that Trump could sign within minutes of stepping into the Oval Office... And it will instantly set off the most sweeping government technology project in 80 years... The most lucrative, too...

It's beginning to look like another record for holiday travel

Drivers and airline passengers without better make a dash for it: it's beginning to look like another in the U.S.

Scary Accurate AI Money Map Shows Strange Twist Coming for the Market - Ad

Over the last 5 years, this "scary accurate" AI Money Map has helped investors get in on the right stocks, at the right time -- during this AI revolution... Now it shows a strange twist is coming for the AI market that almost nobody sees coming... And worse still, no one's being warned about.

Here's What The Latest Congressional AI Report Could Mean For Big Tech

The House Artificial Intelligence Task Force released a report on Tuesday with recommendations on how Congress can boost the development of AI while also protecting against potential risks of the technology.

How to bridge a retirement shortfall

If you want to get yourself thoroughly depressed, spend a little time looking at statistics about Americans’ retirement preparedness.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

Biden Student Loan Forgiveness Tops $180 Billion With Latest Relief

The Biden administration has made another major move to tackle the student debt crisis, approving $4.28 billion in loan forgiveness for nearly 55,000 public service workers.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service