Bitcoin News Thebittimes.Com

U.S. Google laid off more than 200 ‘core’ employees and moved the jobs to foreign countries for cost-cutting measures. Google’s U.S. headquarters will move the job positions to Mexico and BRICS country India. The U.S. has been outsourcing jobs to developing countries since the 1990s, as employees showcase similar talent and come with lesser pay. Also Read: BRICS Makes Huge Announcement About Launching New Currency The pace of the U.S. outsourcing jobs skyrocketed post-2000s while Mexico and BRICS member India received top positions. Google has been indulging in lay-offs post the COVID-19 lockdowns with the majority of U.S. employees being affected. JUST IN: Google lays off hundreds of 'core' employees and is moving some positions to India and Mexico for cheaper costs. pic.twitter.com/3CA8783iBY — Watcher.Guru (@WatcherGuru) May 1, 2024 BRICS country India boasts a sea of talent and comes with half the pay that Google ...

Tech stocks face trillion-dollar losses as bond yields soar, but their $596 billion cash positions favor alternative hedges, including Bitcoin. The mega-cap tech stock s, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street's unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the potential impact on Bitcoin (BTC) if the S&P 500 downtrend continues. Consequently, investors must investigate the correlation between Bitcoin and the S&P 500 and consider whether cryptocurrencies can thrive in an environment of high-interest rates. Bloomberg Magnificent 7 index vs. S&P 500 equal weight index. Source: Bloomberg The seven largest tech companies, including Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, collectively constitute a staggering 29% of the S&P 500, marking the highest concentration ever recorded in...

Google Cloud told Cointelegraph that the partnership was done in light of increasing interest from clients exploring blockchain workloads on Google Cloud. Google Cloud has joined forces with a Web3 startup to develop user-centric developer tools for decentralized finance (DeFi) to lower the barrier of entry into the decentralized world. The DeFi infrastructure provider Orderly Network has teamed up with Google Cloud to develop off-chain components of DeFi infrastructure focused on tackling self-custody and transparency challenges. Orderly will be a DeFi infrastructure provider, available on Google Cloud Marketplace. Google Cloud told Cointelegraph that the partnership was struck in light of increasing interest from clients exploring blockchain workloads on Google Cloud. Rishi Ramchandani, Head of APAC Web3 GTM, Google Cloud Asia Pacific told Cointelegraph that the surge in demand highlights the necessity for a tailored Web3 product suite. He added: “Working with Orderly Network to b...

OpenAI grabbed global attention as its creation, ChatGPT , created commotion in the market. With the expertise of several engineers and developers, OpenAI gave life to ChatGPT , which has emerged as one of the most widely-used and advanced language models globally. Also read: Dogecoin Price Prediction for March 2023 Now, according to the latest data, it has come to light that OpenAI has hired numerous former employees of Meta and Google to create the AI bot. JUST IN: ChatGPT -creator OpenAI hires former Google $GOOGL employees. — Watcher.Guru (@WatcherGuru) February 22, 2023 OpenAI nearly hired around 100 employees from Google and Meta combined The latest data from LeadGenius and Punks & Pinstripes reveals that OpenAI currently has 59 ex-employees from Google and 34 from Meta. Over 200 employees also hail from Google’s parent company, Alphabet. The data also reveals that the employee pool consists of former Apple and Amazon staff. Also read: Scam ChatG...

Google had a love-hate relationship with blockchain and cryptocurrencies early on. However, all the hate seems to have faded away. The internet behemoth previously held a pessimistic view of the cryptocurrency market because it refused to allow cryptocurrency marketing on its website. Google, on the other hand, disclosed that it was re-evaluating the policy in June of last year. The Google Cloud business division also made known at the start of the year that it was assembling a team to assist its clients with their cryptocurrency requirements. The business disclosed that it was investigating the possibility of receiving cryptocurrency payments from customers. Earlier this year, the Google team announced that they were putting together a team to provide services to blockchain developers. Google moved from disbelief to over $1.506 billion in blockchain investments Google’s parent company, Alphabet, has invested over $1.506 billion in the blockchain space from S...