ViacomCBS is to sell the Simon & Schuster book publisher to Bertelsmann’s Penguin Random House for $2.175 billion in cash, a step towards ViacomCBS’ effort to slim down its debt. Bertelsmann’s bid, which beat out reported offers from rivals such as News Corp., was a rich offer, as News Corp CEO Robert Thomson quickly made clear. In a statement, he said “there is clearly no market logic to...
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What Google’s AI Catch-Up Reveals
Google is finally waking up. After weeks of excitement coursing through tech about OpenAI’s ChatGPT chatbot, paired with news coverage of how Microsoft plans to incorporate it into products like Bing and Word, Google has made a move. The tech company once seen as a leader in artificial intelligence on Monday unveiled its version of a conversational AI service, which it calls Bard. Google said...
Google Announces Plans to Use Chatbot in Search
Pinterest’s Profit Plunges as Expenses Soar
Vox Media Raises $100 Million from Penske
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