The latest Technology Scoop…

Intel

• Intel announced a reduction in its quarterly dividend from 33 cents per share to 28 cents per share.

• The move is aimed at conserving capital as Intel focuses on its growth strategy.

• The reduction in dividend is expected to save Intel around $1.2 billion annually.

• Intel has also announced plans to invest $20 billion in new chip-making factories in the U.S. and expand its manufacturing capacity.

• Intel's shares fell around 4% in after-hours trading following the announcement.

Google

• Bing and Baidu's AI-powered search algorithms have posed a billion-dollar problem for tech giants.

• These algorithms can lead to biased results and limit competition in the search engine market.

• Tech companies are investing in new search technologies that are more transparent and unbiased.

• Experts believe that increased regulation and competition will lead to better search engine options for consumers.

• AI-powered search algorithms have the potential to revolutionize search technology, but companies need to ensure that their algorithms are fair and impartial.

Facebook (Meta)

• Meta is reportedly planning a new round of job cuts.

• The job cuts are expected to impact employees across the company.

• The move comes as Meta continues to face challenges related to its business operations.

• Meta has already implemented job cuts in the past, including a significant round in 2021.

• The company has also faced criticism and scrutiny over issues related to its handling of user data and content moderation.