Google is laying off at least 200 employees from its “Core” organization, which includes key teams and engineering talent, CNBC has learned. As part of the unit’s reorganization, the company will hire corresponding roles in Mexico and India. “Announcements of this...
Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare profit warning forecasts overall group revenues to drop 10% in the...
Google on Thursday said it is pausing its Gemini artificial intelligence image generation feature after saying it offers “inaccuracies” in historical pictures. Users on social media had been complaining that the AI tool generates images of historical figures — like...
KKR’s family office survey of 75 chief investment officers around the world found that family offices will have 52% of their portfolios invested in alternative investments this year, up from 42% in 2022. Cash holdings fell from 11% to 9% from 2022 to 2023, and their...
