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WSJ Tech News Briefing

Younger People Aren’t Googling As Much. That’s Bad for Google.

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 11 December 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

It’s not just demographics weighing on the tech and search giant—Google’s core search and advertising business is under siege. WSJ tech columnist Christopher Mims joins host Belle Lin to talk about the various pressures that threaten Google’s dominance. Plus, why the coolest job in tech might actually be in a bank. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

exchanges the goldman sacks podcast featuring exchanges on rates inflation and u.s recession risk

0:12.1

exchanges on the market impact of ai for the sharpest analysis on forces driving the markets

0:18.8

and the economy count on exchanges between the leading

0:22.1

minds at Goldman Sachs. New episodes every week. Listen now. Welcome to Tech News briefing. It's

0:36.6

Wednesday, December 11th. I'm Bellin for the Wall Street Journal.

0:41.0

The hottest job in tech might be at a big bank. Changes to the tech hiring market mean that working at big banks might be more desirable than ever.

0:51.6

We'll find out what banks are doing to reel in top talent from the tech sector.

0:56.0

And then, Google's core business is under siege, and that could lead to a long-term decline in search traffic and the outsized profits generated from it.

1:07.0

Our tech columnist Christopher Mims tells us what young people and artificial intelligence have to do with the search giants challenges.

1:16.6

But first, tech talent is flocking to work for banks? Though hiring in the tech sector has become a lot more measured than it was a few years ago, big banks are among the employers

1:28.5

still aggressively hiring. For more on how banks are attracting talent and why some techies

1:35.3

say they prefer to work at a bank, were joined by WSJ reporter Isabel Busquette.

1:41.2

So, Isabel, in your story, you say that working in a bank's technology department

1:45.4

might finally be as cool as landing a job at Google. Why is that? Yeah, there's a few different

1:51.1

reasons. The first is that banks have been making a really big push to sort of evangelize the value

1:57.5

of technology within their organizations. They're doing a lot more with tech and with AI

2:02.6

specifically than they ever have before. So they're basically snapping up top researchers. They're

2:08.6

building out these big, even pure research departments where, you know, if you're an engineer,

2:13.8

you can go and you can work there and you can develop research, you can file patents,

2:18.0

you can present at conferences, all the kinds of things that you would normally have to have

2:23.0

been at a tech company to do, you can now do at a bank. And so that's all happening in the background.

2:29.2

And at the same time, you have this dynamic where the tech job market is maybe not as crazy as it was a couple years ago.

...

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