Alphabet Chief Financial Officer Ruth Porat on Tuesday said the search engine company would suffer a revenue hit from Russia’s war in Ukraine because it has stopped selling ads in Russia and is likely to feel the pinch of the strengthening dollar. Porat’s comments come as the global financial toll the war is taking becomes more clear, including new records for U.S. gas prices. Some 54% of...
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Reality Check Venture Capital Entertainment
A16z’s Gaming Metaverse Play; Cognixion’s Assistive Reality Progress
As investment pulls back and tech stock sell-offs continue, leave it to Andreesen Horowitz to dangle a bit of hope for startups aiming to power through to the next boom. The Menlo Park firm announced Wednesday the creation of its first fund focused on the gaming industry, totalling $600 million. And though there’s a current of optimism for immersive tech behind this fund, I would bet that it...
Meta Merges News, Media Partnerships Teams Under Campbell Brown
Cisco Systems Forecasts Revenue Drop, Blames China Lockdowns
Ex-Apple AI Director Goodfellow Returns to Alphabet
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