Why More Companies are Entering Smart Assistant Space
The International Consumer Electronics Show kicks off this week in Las Vegas, NV. CNET's Senior Editor Dan Ackerman explains the trends he's watching for this year.
When looking specifically at smart home devices, Ackerman says companies are taking the technology behind smart assistants and building them into anything you can possibly think of. Notably, LG is building Alexa and Google Assistant into its OLED TV's. Ackerman says consumers can also expect smart assistants integrated into your laptops.
"It's a race to see who can get their smart assistant into as many products as possible," said Ackerman. While the hardware business is becoming increasingly competitive, Ackerman says there's real opportunity in building software.
David Wright, president and owner of Wright Financial Group LLC, joined Cheddar News to discuss Thursday's trading as stocks closed higher amid strong tech profits. But Wright says banking stress could sway markets down as the Federal Reserve could weigh more rate increases.
The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
Tyson Foods is eliminating about 10 percent of corporate jobs and 15 percent senior leadership positions, according to a memo obtained by Reuters. The cuts are just the latest attempt to trim costs amid falling profits.
Verizon is taking steps to speed up its 5G network in rural areas. The company said it plans to extend its C-band 5G network across a larger suburban and rural footprint, meaning faster speeds for customers in those areas.
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.
