Bank of America said the rise of alternative AI technologies could weaken Google’s bargaining power with companies like Samsung, which rely on Android but are increasingly exploring new software capabilities.
The report said the size of the cuts at the film and TV businesses were comparable, and most of the eliminated television staffers are based in Los Angeles.
According to a Wall Street Journal report, Meta’s new AI ad system will let brands submit a product image and budget, then generate the full ad and target the ideal audience on Facebook and Instagram.
Wall Street hovered slightly higher by midday Thursday, giving up a chunk of strong overnight gains in futures markets that were triggered by a federal court ruling suspending a large portion of President Donald Trump’s tari
After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled midweek as rising Treasury yields reasserted pressure ahead of Nvidia Corp.
U.S. equities trading was mixed on Wednesday, with major indices showing limited movement by midday as investors remained cautious amid renewed concerns over fiscal policy, which pressured Treasury bonds and the dollar.
