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Tech Giants and Startups Chart New Courses in a Shifting Landscape
In a week marked by both innovation and financial challenges, several tech companies announced significant strategic shifts. From IBM's commitment to entry-level hiring in the age of AI to Rivian's reliance on software revenue, the industry is adapting to evolving market forces. Meanwhile, Pinterest is touting its search capabilities, and HP's laptop subscription service is drawing scrutiny.
IBM plans to triple its entry-level hiring in the U.S. by 2026, according to reporting from Bloomberg. Nickle LaMoreaux, IBM's chief human resource officer, announced the initiative at the Charters Leading with AI Summit. "And yes, it's for all these jobs that were being told AI can do," LaMoreaux said. The company is adjusting job descriptions to focus on areas less susceptible to automation, such as people-focused roles.
Rivian's 2025 financial results highlighted the growing importance of software and services. While automotive revenue decreased by 15% to $3.8 billion, software and services revenue surged more than threefold to $1.55 billion, according to the company. This growth was largely driven by a joint venture with Volkswagen Group. Rivian's total revenue for the year reached $5.38 billion, up from $4.97 billion the previous year.
Pinterest CEO Bill Ready highlighted the platform's search capabilities, asserting that it sees more search volume than ChatGPT. Ready stated that Pinterest sees 80 billion searches per month and generates 1.7 billion monthly clicks, compared to ChatGPT's 75 billion searches. "That makes us one of the largest search destinations in the world," Ready said, adding that a larger percentage of Pinterest searches are commercial in nature. This announcement came after Pinterest reported disappointing fourth-quarter earnings, missing expectations on both revenue and earnings per share.
In other news, longevity guru Bryan Johnson is offering a $1 million per year program called "Immortals" to teach individuals his anti-aging protocol.
Finally, HP's laptop subscription service is under scrutiny. According to The Verge, the math of the subscription model may not be in the consumer's favor, especially considering frequent discounts on HP laptops.
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