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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    Yahoo sees job cuts, heavy investments in 2008

    SAN FRANCISCO
    Wed Jan 30, 2008 11:05am EST

    SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Jerry Yang said on Tuesday that 2008 will begin with targeted job cuts and will require heavy investments to get ahead in new advertising and mobile markets.

    Technology

    Speaking to investors on a conference call following its fourth-quarter earnings report, Yang said the company was seeing early signs of success from various reform initiatives since new management took charge last year.

    "We are seeing early signs of success as a result of this clear new focus, with core business areas growing faster in the second half of 2007 than the first half," Yang said.

    "Looking to 2008, we are taking an aggressive investment posture, prioritizing and allocating resources towards our key growth drivers," he said.

    Yang said the company expects to see a reacceleration of growth in advertising sales -- which generates the bulk of Yahoo revenues -- as the company exits 2008.

    (Reporting by Eric Auchard; Editing by Jeffrey Benkoe)
    Technology


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