Topic: cost cutting
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Alphabet Shifts Focus to AI, Shuts Down Verily Medical Devices
Verily, Alphabet's life sciences division, is discontinuing its medical devices program and reducing staff to focus more on artificial intelligence and data infrastructure. This strategic pivot is part of Alphabet's broader effort to streamline operations and invest in high-growth areas, followin...
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Intel Stock Dips as Panther Lake CPU Lineup Reportedly Leaks
Intel's stock declined slightly despite a leak revealing details of up to 12 Panther Lake processors, reflecting investor concerns over the company's competitive challenges in the semiconductor sector. The leaked specifications include unusual naming conventions and a downgrade in integrated grap...
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Elon Musk's xAI Offers Grok to U.S. Government for 42 Cents
Elon Musk's xAI will provide its Grok AI chatbot to U.S. government agencies for just 42 cents through an 18-month agreement, directly competing with other AI firms charging one dollar annually. The unusually low price may reference Musk's affinity for the number 420 or a nod to "The Hitchhiker's...
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