Tag: $Alphabet

Google parent Alphabet reported better-than-expected revenue for the second quarter on Wednesday, driven by growth of 82% in its cloud business. But the stock sank in extended trading as the company lifted its forecast for capital expenditures.

 Alphabet’s (GOOGL.O), Google is months behind schedule on the release of Gemini 3.5 Pro, its most powerful flagship AI model, as ​the tech giant works to improve its capabilities, particularly in ‌coding, Bloomberg News reported on Thursday.

Alphabet will replace Verizon Communications in the Dow Jones Industrial Average, index provider S&P Dow Jones Indices said late Tuesday, tilting the historic U.S. equity benchmark deeper toward the technology sector. It will no longer have a component representing telecoms.

Billionaire Mukesh Ambani’s Jio Platforms, India’s largest wireless operator and digital service provider, filed draft papers for an initial public offering on Friday.

Alphabet said it would issue $80 billion of equity, including $10 billion of stock to Berkshire Hathaway , as it funds its huge AI computing infrastructure buildout.

Alphabet stock is nearing a $5 trillion market cap—and the Google parent hasn’t gotten there just by standing still.

Alphabet reported first-quarter earnings after the bell Wednesday, showing revenue that topped expectations boosted by its surging cloud business. Shares climbed following the report.

Alphabet Inc.’s Google Cloud is launching a $750 million fund to help consulting firms including McKinsey & Co., Accenture Plc and Deloitte bring agentic artificial intelligence to their clients.

Marvell Technology (MRVL) was rising early Monday on a report it is in talks with Google about developing artificial-intelligence chips. That’s worrying for the search company’s primary processor partner Broadcom (AVGO).

The European Commission has proposed that Google allow third-party ​search engines to access its search data, including that of artificial ‌intelligence chatbots with search functionalities, to comply with the Digital Markets Act, the commission said on Thursday.

Broadcom said Monday that it’s agreed to produce future versions of artificial intelligence chips for Google, and signed an expanded deal with Anthropic that will give the AI startup access to about 3.5 gigawatts worth of computing capacity drawing on Google’s AI processors.

Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children ​have found Meta, and Alphabet’s, potentially teeing up an appeals fight that could reshape how U.S. law shields tech companies from lawsuits.

Google’s latest research which claims to make AI models more efficient is putting pressure on memory stocks, with investors concerned the breakthrough could see a slowdown in chip demand.

Gap is partnering with Google’s Gemini to allow shoppers to check out directly within the AI platform, making it the first major fashion company to work directly with the tech company to fuel agentic commerce.

Robo-taxi competitors Alphabet (GOOGL) and Tesla (TSLA) have teamed up to help lower electricity costs.

Meta Platforms (META) has signed a multi-billion dollar deal to rent artificial intelligence chips from Google (GOOGL), to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.

Alphabet Inc. is selling Swiss franc-denominated bonds for the first time, following a bumper $20 billion deal in the US..

French oil major TotalEnergies (TTEF), opens new tab on Monday signed two long-term deals to supply solar power to Google’s (GOOGL), opens new tab data centres in Texas, as it looks to tap rising electricity demand driven by artificial intelligence.

Walmart and Google said Sunday that shoppers will soon be able to use Google’s artificial intelligence assistant Gemini to more easily discover and buy products from the retail giant and its warehouse club, Sam’s Club.

Google parent Alphabet on Monday announced it will acquire Intersect, a data center and energy infrastructure company, for $4.75 billion in cash in addition to the assumption of debt.