Alphabet to invest another $5B into Waymo

Quick Summary:

Alphabet will spend an additional $5 billion on its self-driving subsidiary, Waymo, over the next few years, according to Ruth Porat, the company’s chief financial officer.

Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi.

Adobe released new Firefly tools for Photoshop and Illustrator on Tuesday, offering graphic designers more ways to use the company’s in-house AI models.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesUkraine

Topics: Technology Waymo Porat Startup Google According Years Company Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 21:27:59 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 818 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21756374

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