Technology

Google to crack down on office attendance, asks remote workers to reconsider

Published

3 years ago

June 8, 2023

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Sundar Pichai, CEO of Alphabet, speaks during an event in New Delhi, December 19, 2022.

Sajjad Hussain | AFP | Getty Images

Google plans to crack down on employees who haven’t been coming into its offices consistently, CNBC has found.

The company updated its hybrid work policy Wednesday and it includes tracking office badge attendance, confronting workers who aren’t coming in when they’re supposed to and including the attendance in employees’ performance reviews, according to internal memos viewed by CNBC. Most employees are expected in physical offices at least three days a week.

Google’s chief people officer, Fiona Cicconi, wrote an email to employees at the end of the day on Wednesday, which included doubling down on office attendance, reasoning that “there’s just no substitute for coming together in person.”

“Of course, not everyone believes in ‘magical hallway conversations,’ but there’s no question that working together in the same room makes a positive difference,” Cicconi’s email read. “Many of the products we unveiled at I/O and Google Marketing Live last month were conceived, developed and built by teams working side by side.”

Her note said the company will start including their three days per week as a part of their performance reviews and teams will start sending reminders to workers “who are consistently absent from the office.”

Cicconi even asked already-approved remote workers to reconsider. “For those who are remote and who live near a Google office, we hope you’ll consider switching to a hybrid work schedule. Our offices are where you’ll be most connected to Google’s community.”

A separate internal document showed that already-approved remote workers may be subject to reevaluation if the company determines “material changes in business need, role, team, structure or location.”

In the U.S., the company will periodically track whether employees are adhering to the office attendance policy using badge data, and executives are currently reviewing local requirements to implement in other countries, one of the documents states. If workers don’t follow the policy after an extended period of time, human resources will reach out about “next steps.”

Going forward, Cicconi said, new fully remote work will only be granted “by exception only.”

In a statement to CNBC, Google spokesperson Ryan Lamont said, “our hybrid approach is designed to incorporate the best of being together in person with the benefits of working from home for part of the week. Now that we’re more than a year into this way of working, we’re formally integrating this approach into all of our workplace policies.”

Lamont added that the badge data viewed by company leaders is aggregate data and not individualized.

These policy updates represent the company’s most stringent attempt to bring employees back into physical offices.

In 2021, after facing backlash for returning to offices, the company relaxed remote work plans and said it expected to let 20% of employees telecommute. However, most employees have been expected in physical offices at least three days a week as of April 2022 and at the time, the company tried to woo workers by throwing a private Lizzo concert, hiring marching bands and bringing in city mayors to celebrate the returns.

In April, CNBC reported Google dropped its Covid vaccine requirement to enter buildings.

The crackdown comes as the company is in the middle of an artificial intelligence arms race by which it has at times called all hands on deck to rapidly position itself against rivals like Microsoft and OpenAI, whose success has grown in recent months. Google has also made more attempts in recent weeks to crack down on leaks coming from within the company.

However, the crackdown also comes as the company downsizes its real estate footprint amid broader cost-cutting. In April, CNBC first reported Google’s cloud unit in March told employees that it will transition to a desk-sharing workspace in its five largest locations. CNBC also reported Google indefinitely paused construction on its massive San Jose, California, campus.

Technology

Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Published

2 hours ago

December 16, 2025

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Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively.

The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through their Amazon Seller accounts with real-time approvals.

Slope was co-founded by CEO Lawrence Lin Murata, who said said he saw the ups and downs of running a small business while he was growing up in São Paulo.

Lin Murata helped his parents at their family’s toy shop, which they’ve been running for more than three decades. As he gained more insight into the finances of the business, he said he realized that cash flow was a large pain point for his parents and other small businesses.

That led him to start Slope, an AI-powered lending platform backed by OpenAI CEO Sam Altman and JPMorgan Chase, with co-founder Alice Deng.

“Leveraging AI, we’re able to underwrite these businesses, and we’re able to handle all the complexity of assessing the risk for a business,” Lin Murata said. “At the same time, [we’re] providing a very easy, real-time experience to them.”

The lines of credit will start at an 8.99% APR, according to Slope, and require vendors to be in business for at least one year with more than $100,000 in annual revenue. Once approved, Amazon sellers can draw from the line as needed and choose a term ranging from three months to a year to align repayment with their inventory cycle. Scope did not disclose the financial aspects of its deal with Amazon.

“Most people don’t realize that sellers, independent sellers, are kind of the backbone of Amazon and e-commerce in general,” Deng told CNBC. “More than 60% of Amazon’s sales are driven by independent sellers.”

Deng said Slope is filling a gap with the new partnership. Currently, Amazon sellers can use some third parties to access capital, though Deng said those initiatives are more focused on smaller sellers, while Slope is focused on mature sellers, some of whom reach hundreds of millions of dollars in revenue and require bank-grade financing.

Deng said when Amazon did its own lending around four years ago, the total addressable market was between $1 billion and $2 billion. With Slope taking over the program, the company expects that number to grow.

“We’re excited about our work with Slope, which expands the financing tools available to Amazon selling partners,” an Amazon spokesperson told CNBC. “Whether they are just starting out or looking to grow, access to sufficient capital is a critical need for small business owners, and we’re always evaluating new ways to empower sellers to thrive in the Amazon store.”

With Slope’s new deal, sellers can take a few minutes directly on Amazon Seller Central to apply for capital and get approved almost instantly, using proprietary Amazon performance data and Slope’s in-house large language model, Lin Murata said.

“That is one of the reasons why we’re able to give a more compelling offer than if you were outside of the Amazon dashboard,” Lin Murata said. “And then we give real-time decisions, so we analyze Amazon performance, data, and cash flow in real time.”

It’s a process that the Slope co-founders said is easier, faster and more integrated than having to apply for loans at banks as a small business. With the granular data that Amazon provides, like a breakdown of sales by product, they said the AI model is able to make a more informed decision on financing than a bank would based on overall financial documents.

With the new deal, Amazon joins a growing slate of Slope’s customers, which already include Samsung, Alibaba, Ikea and more.

Deng and Lin Murata said the company has trialed the new Amazon integration, and though the trial has been live for just a few weeks, the pair said it’s seen significant demand and applications growing 300% week over week.

“Going back to the initial inspiration of my parents, I think we want to be the credit intelligence layer for these businesses,” Lin Murata said. “Ultimately, what we’re really doing is helping these businesses grow by giving them fair, affordable, fast and very easy access to different forms of financing.”

Technology

U.S. halts UK tech trade deal negotiations, FT reports

Published

3 hours ago

December 16, 2025

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U.S. halts UK tech trade deal negotiations, FT reports

The U.S. has halted a technology trade deal with the U.K., after officials in Washington became frustrated with the pace of progress, the Financial Times reported on Tuesday.

Announced in September during President Donald Trump’s state visit to the U.K., the “technology prosperity deal” is a sweeping agreement aimed at encouraging collaboration between the countries on tech like artificial intelligence, nuclear fusion, and quantum computing.

At the time, Trump said that the deal would “ensure our countries lead the next great technological revolution side by side.” U.K. Prime Minister Keir Starmer said that the agreement was a “generational step change in our relationship with the U.S.” that would deliver “growth, security and opportunity up and down the country.”

Talks were suspended by the U.S. last week, the FT reported, quoting unnamed British officials.

When asked to comment on the report, a U.K. government spokesperson told CNBC: “Our special relationship with the US remains strong and the UK is firmly committed to ensuring the Tech Prosperity Deal delivers opportunity for hardworking people in both countries.”

The agreement would establish AI-enabled research programs in areas including the development of models and datasets in mutual priorities such as AI for biotechnology, precision medicine for cancer and rare and chronic diseases, and fusion energy, the two countries said in September.

It came as the U.K. signed deals totalling £31 billion ($41 billion) with U.S. tech firms like Microsoft, Nvidia, Google, OpenAI, and CoreWeave to build out the country’s AI infrastructure. The U.S. is the U.K.’s largest trading partner.

The U.S. Department of Commerce has been approached for comment.

Technology

The AI chip shortage could raise smartphone prices — new research spells out by how much

Published

5 hours ago

December 16, 2025

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The AI chip shortage could raise smartphone prices — new research spells out by how much

The logo of an Apple Store is seen reflected on the glass exterior of a Samsung flagship store in Shanghai, China Monday, Oct. 20, 2025.

Wang Gang | Feature China | Future Publishing | Getty Images

A shortage of memory chips fueled by artificial intelligence players is likely to cause a price rise in smartphones in 2026 and a drop in shipments, Counterpoint Research said in a note on Tuesday.

Smartphone shipments could fall 2.1% in 2026, according to Counterpoint, versus a previous outlook of flat-to-positive growth.

Shipments do not equate to sales but are a measure of demand as they track the number of devices being sent to sales channels like stores.

Meanwhile, the average selling price of smartphones could jump 6.9% year-on-year in 2026, Counterpoint said, in comparison to a previous forecast of a 3.6% rise.

This is being driven by specific chip shortages and bottlenecks in the semiconductor supply chain, which are pushing up component prices.

The continued build-out of data centres globally has hiked demand for systems developed by Nvidia, which in turn uses components designed by SK Hynix and Samsung — the two biggest suppliers of so-called memory chips.

The winners and losers from the surge in memory chip prices

However, a specific component called dynamic random-access memory or DRAM, which is used in AI data centers, is also critical for smartphones. DRAM prices have surged this year as demand outstrips supply.

For low-end smartphones priced below $200, the bill of materials cost has increased 20% to 30% since the beginning of the year, Counterpoint said. The bill of materials is the cost of producing a single smartphone.

The mid and high-end smartphone segment has seen material costs rise 10% to 15%.

“Memory prices could rise another 40% through Q2 2026, resulting in BoM costs increasing anywhere between 8% and over 15% above current elevated levels,” Counterpoint said.

The rising price of components could be passed on to consumers and that will in turn, drive the rise in the average selling price.

“Apple and Samsung are best positioned to weather the next few quarters,” MS Hwang, research director at Counterpoint, said in the note. “But it will be tough for others that don’t have as much wiggle room to manage market share versus profit margins.”

Hwang said this will “play out especially” with Chinese smartphone makers who are in the mid-to-lower end of the market.

Counterpoint said some companies may downgrade components like camera modules, displays and even audio, as well as reusing old components. Smartphone players are likely to try to incentivize consumers to buy their higher-priced devices too.