Alphabet Inc
Google loses antitrust case over search
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government […]
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Trump’s tech backers are ‘making a big mistake,’ Sequoia’s Mike Moritz says
Michael Moritz, Sequoia Capital Scott Mlyn | CNBC As leading tech investors continue to vocally take sides ahead of the 2024 presidential election, legendary venture capitalist Michael Moritz is making his preference clear. In a Financial Times opinion piece published on Monday, Moritz wrote that those in the industry who are supporting Donald Trump “are […]
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$1 trillion wipeout: Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024. Michael M. Santiago | Getty Images As U.S. markets opened for trading on Monday, tech’s mega-cap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week. Nvidia […]
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Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq slumped 3.4% this week, bringing its three-week slide to 8.8%. It’s the worst performance […]
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Ex-Google engineers who founded Character.AI rejoin company with new AI partnership
Pavlo Gonchar | Lightrocket | Getty Images Founders of one of the hottest artificial intelligence startups Character.AI are rejoining Google along with other team members. Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI’s research team, are joining Google’s AI unit DeepMind, the companies said Friday. Character.AI uses large language models […]
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Google pulls AI ad for Olympics following backlash
Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete. Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial intelligence to write a fan letter. The ad, titled […]
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Microsoft’s cloud is ‘no-brainer’ for some AI startups, helping Azure gain ground on AWS
EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023. EzDubs, a developer of language-translation technology, got started the way many tech startups get off the ground. It launched on public clouds from Amazon and Google. However, after EzDubs went through the Y Combinator […]
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Why not all semiconductor firms are benefitting from the AI boom like Nvidia has
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and […]
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Apple is spending more on AI, but remains far behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]
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Amazon’s cloud unit reports 19% revenue growth, topping estimates
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon said Thursday that revenue in its cloud division increased 19% in the second quarter, beating analysts’ estimates. The company reported revenue for Amazon Web Services of $26.28 billion. Analysts surveyed by StreetAccount had expected $26.02 billion. AWS is […]
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