Google parent Alphabet has poached Anat Ashkenazi from pharmaceutical firm Eli Lilly to serve as its next chief financial officer, the company announced Wednesday.Ashkenazi, 51, will take over the key role effective July 31 and replace Alphabet’s longtime CFO Ruth Porat. The Big Tech giant had announced nearly one year ago that Porat, 66, would be transitioning to a new role as the company’s president and chief investment officer.“We’re very pleased to have found such a strong CFO, with a track record of st ...

Google has reportedly slashed at least 100 jobs in its cloud-computing unit – the latest sign of an ongoing workforce shakeup at the Big Tech giant.The layoffs hit a variety of roles on in the cloud division, including staffers on the sales, engineering, operations, consulting and “go-to-market” strategy team, CNBC reported, citing internal messages.Some of the laid-off workers had recently contributed to preparations for the Google Cloud Next Conference in April, the outlet reported, citing people familiar ...

Google has confirmed that a massive leak of some 2,500 internal documents related to its search engine is authentic – and one expert said the trove shows that “Google tells us one thing and they do another” when it comes to its mysterious algorithms.The tech giant has been secretive about how its search engine works while wielding outsize influence over the flow of information, traffic and ad revenue online. Some details appeared to contradict past public statements by Google employees regarding which facto ...

Walt Disney will cut its investment in programming for traditional television networks “pretty dramatically” as the company navigates the consumer shift to streaming, Chief Executive Bob Iger said Wednesday.Iger said linear channels such as ABC still serve as an important marketing tool and reach older viewers who are not watching series such as “Abbott Elementary” on Disney’s streaming platforms.Still, the goal is to “reduce pretty dramatically our investment in content specifically aimed at those traditio ...

McDonald’s confirmed that it will roll out a limited $5 combo meal this summer in hopes of enticing inflation-battered customers who have stayed away after the fast-food chain spiked prices.The Chicago-based company said it will introduce a month-long promotion starting June 25 during which diners can choose from four items — either a McDouble or a McChicken sandwich, to go along with small fries, a small soft drink and a four-piece Chicken McNuggets — for just $5.McDonald’s had come under fire after some l ...

The co-founder and chief scientist of ChatGPT maker OpenAI is leaving the company months after helping lead a failed coup against CEO Sam Altman — only to later voice regret over the flopped insurrection.OpenAI said Ilya Sutskever, 38, is departing one day after the artificial-intelligence juggernaut unveiled a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across texts and images. 3 Ilya Sutskever, 38, is departing OpenAI after nearly a decade at the company. AFP ...

The Justice Department has determined that Boeing violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft, the agency told a federal judge on Tuesday.It is now up to the Justice Department to weigh whether to file charges against the aircraft maker.The Justice Department said Tuesday in a filing in federal district court in Texas that Boeing failed to make changes to prevent it from violating federal anti-fraud laws — a condition o ...

Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to search, as it faces growing competition from OpenAI and other rivals.At its annual I/O developer event in Mountain View, Calif., CEO Sundar Pichai said the company is rolling out AI Overviews to all users in the US this week after a long period of public testing since last year.The new AI features unveiled on Tuesday will help investors evalua ...

Walmart is cutting hundreds of corporate jobs and asking most remote workers to relocate to three main tech offices or quit the company, a source familiar with the matter said Tuesday.Workers at the retail giant’s smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart’s corporate base in Bentonville, Ark., as well as Hoboken, NJ, or Sunnyvale, Calif., the source told Reuters. Walmart will close those smaller hubs later this year, the source added.On a “b ...

Waymo, the Google-owned, self-driving vehicle startup, faces a preliminary probe from federal safety regulators after its robotaxis were linked to nearly two dozen traffic incidents.The National Highway Traffic Safety Administration said Tuesday it has received a total of 22 reports, including 17 in which self-driving Waymo cars were the “sole vehicle” involved in a crash.The NHTSA filing said the agency’s probe is focused on “[automated driving system] behavior causing single-party crashes and potential tr ...