Tag: $Alphabet

The Department of Justice late Tuesday made recommendations for Google’s search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy.

Shares of Alphabet, the parent company of Google, fell Monday after a federal judge ordered it to allow users to bypass the Google Play Store when downloading and purchasing apps on Android devices.

Google filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry.

The European Union’s second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) fine imposed on Google
by regulators should be annulled, siding with the U.S. tech giant after it challenged the ruling.

A bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations

Google parent company Alphabet reported second-quarter results after the bell Tuesday that were in-line with analyst estimates on revenue and earnings, but missed on YouTube advertising revenue.

Cybersecurity startup Wiz Inc. has turned down a takeover bid of as much as $23 billion from Alphabet Inc.’s Google, sticking instead with a plan for an initial public offering.

Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

Google this morning introduced a new artificial-intelligence-powered video-creation tool called Google Vids, targeted at making it easier for marketing and advertising pros to write, produce and edit videos.

The European Union on Monday opened an investigation into Apple, Alphabet and Meta, in its first probe under the sweeping new Digital Markets Act tech legislation.

Apple has been holding discussions with Google over a deal to use the Gemini artificial intelligence engine in the iPhone, Bloomberg reported.

Google on Thursday said it is pausing its Gemini artificial intelligence image generation feature after saying it offers “inaccuracies” in historical pictures.

 Britain’s biggest bank HSBC has partnered with Google to finance fast-growing climate technology firms behind some of the world’s most promising solutions to global climate change, executives from both firms told Reuters.

Google on Thursday announced a major rebrand of Bard, its AI chatbot and assistant, including a fresh app rollout and new usage and subscription options.

 Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge features irked investors hoping for a big boost to sales from the new technology.

Google-parent Alphabet  is set to cut more jobs in order to make space for investment in artificial intelligence.

Alphabet Inc.’s Google is laying off hundreds of staff working on its digital assistant, hardware and engineering teams as it sustains a drive to cut costs.

The internet search giant, owned by Alphabet, has agreed to settle a $5 billion consumer-privacy lawsuit, alleging it tracked the internet use of millions of people who thought they were browsing privately.

Google-parent Alphabet has agreed to a $700 million settlement to resolve one of the antitrust claims around its app store.

Videogames developer Epic Games’ victory over Google in an antitrust case is a decision that casts doubt on the app-store model of companies like Google-parent Alphabet -1.26% and Apple .It also effects the Big Tech peers who are seeking to displace them.