Google parent Alphabet is slashing more of its lavish employee perks as the tech giant scrambles to cut costs and keep pace in the ongoing race to develop advanced artificial intelligence. The company will close some of its “micro-kitchens” that were stocked with free drinks and snacks and shutter cafeterias with lower foot traffic as … Read more
Investors have been mistakenly dumping their stakes in Republic First Bancorp this month – all because they confused it with the troubled lender First Republic. Shares of Pennsylvania-based Republic First have plunged more than 30% since the start of the month as fears of a systemic meltdown engulfed San Francisco-based First Republic and other overextended … Read more
Italian regulators have temporarily blocked AI-powered chatbot ChatGPT, citing privacy concerns following a reported data breach and also raising concerns about children’s safety. The Italian Data Protection Authority said it was taking provisional action “until ChatGPT respects privacy,” including temporarily limiting the company from processing Italian users’ data. The agency said Microsoft-backed OpenAI, the Silicon … Read more
Hedge fund manager Bill Ackman is warning that a push by Elon Musk, Steve Wozniak, and other tech and artificial intelligence experts to pause the development of AI systems for six months gives the “bad guys” time to catch up. Ackman, who founded Pershing Square Capital Management, made the remark after more than 1,000 people signed a letter arguing … Read more
A federal judge blasted Google this week after determining the tech giant intentionally deleted chat records that were sought as part of sweeping antitrust litigation related to its app store, Google Play. US District Judge James Donato found that the company failure to preserve internal chat logs violated a court order in the case, which … Read more
Former President Donald Trump and his social media platform could reap a $100 million windfall as a result of his historic, precedent-setting criminal indictment by the Manhattan District Attorney’s Office. Shares of the special purpose acquisition company (SPAC) that was created to take Trump’s media company public soared by as much as 10% in pre-market … Read more
Sherry-Lehmann, the iconic wine shop that was shut down by state regulators earlier this month amid escalating business woes, expects to reopen next week “fully stocked,” The Post has learned. The posh Park Avenue vintner — which has struggled to pay bills including a massive state tax debt and lately been forced to fill its … Read more
Shares of Nikola hit a record low on Friday after the electric truck maker said it plans to sell shares and raise $100 million, amid high production costs. Nikola said late Thursday it will sell about 29.9 million shares in a public offering and 59.4 million shares to hedge fund Antara Capital, an existing holder … Read more
TikTok has tapped former senior advisers to Barack Obama and an ex-Disney executive as the wildly popular social media app is trying to avoid a US ban over fears it is being used by China to spy on Americans. David Plouffe, who managed Obama’s successful 2008 presidential campaign, and Jim Messina, who helmed the then-president’s … Read more
PublicSq. aims to become the next big online shopping destination — but for businesses to participate, it’s requiring that they commit to values like “freedom,” “family,” and “the Constitution.” The fledgling shopping app has already signed up more than 40,000 businesses and more than 500,000 shoppers — and allows the latter to find local and … Read more