Tag: Internet Media and Services

Top Chinese companies are training their artificial intelligence models overseas to access Nvidia’s chips and bypass US efforts to prevent their development of the powerful technology.

Meta Platforms is discussing a potential multi-billion dollar deal with Google to purchase chips for its data centers beginning in 2027, according to a Tuesday report by The Information.

Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google.

Alphabet’s (GOOGL.O), Google will make its final plea to avoid a breakup of its advertising technology business in a U.S. court on Friday, as the Department of Justice’s antitrust case draws to a close.

Alphabet stock was gaining early Monday on news that Warren Buffett’s Berkshire Hathaway bought a stake in the owner of Google.

Alphabet’s (GOOGL.O), Google will invest around 5 billion euros ($5.8 billion) in Germany, in a push to expand its infrastructure and data centre capacity in Europe’s largest economy.

Shares of Airbnb rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance.

Uber shares fell 4% before the bell even after the ridesharing company beat Wall Street’s third-quarter revenue expectations.

Spotify Technology was rising early on Tuesday as its earnings and user growth beat expectations despite a recent price hike for customers.

Shares of Alphabet GOOGL were up sharply in early trading on Thursday after the Google-parent reported third-quarter results that easily beat Wall Street estimates.

Meta Platforms reported mixed third-quarter earnings results Wednesday afternoon. Its shares were down sharply in ahead of the open Thursday.

The European Commission, the executive arm of the European Union, said on Friday that it had preliminarily found both TikTok and Meta in breach of its transparency rules.

West Memphis officials joined with officials from Alphabet & Google, Entergy and Gov. Sarah Huckabee Sanders in announcing details of the planned data center in the city.

Meta Platforms (META.O), said on Friday it would offer an ad-free subscription option to Facebook and Instagram users in the United Kingdom in the coming weeks.

President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law.

Meta Platforms announced it is expanding access to its Llama AI models to more key US allies for defense and national security applications.

Google owner Alphabet on Tuesday announced a £5 billion ($6.8 billion) investment in the U.K.’s artificial intelligence development, just as the country prepares for U.S. President Donald Trump’s state visit this week.

Air-taxi maker Joby Aviation (JOBY.N), said on Wednesday that it planned to bring Blade’s helicopter and seaplane services to the Uber (UBER.N), app as soon as next year.

Alphabet shares rose 6% in premarket trading on Wednesday as investors viewed the result of Google’s antitrust case as broadly favorable to the tech giant.

Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter.