Tag: Internet Media and Services

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.

Alphabet’s (GOOGL) cloud computing unit and cybersecurity company Palo Alto Networks (PANW) on Friday announced an expanded partnership that one source told Reuters was by far Google Cloud’s largest security services deal.

TikTok’s Chinese owner, ByteDance, on Thursday signed binding agreements to hand control of the short video app’s U.S. operations to a group of investors, including Oracle (ORCL) in a big step toward avoiding a U.S. ban and ending years of uncertainty.

The Trump family media group has agreed to combine with Google-backed fusion energy company TAE Technologies in a deal valued at $6bn, representing a bet on nuclear energy powering the artificial intelligence boom.

ByteDance and Alibaba have asked Nvidia (NVDA), about buying its powerful H200 AI chip after U.S. President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters.

Delivery Hero shares jumped on Tuesday after the company said it is “evaluating strategic options” to strengthen its finances and streamline its operations, and following a disappointing share price performance in the recent period.

 Facebook-owner Meta (META.O), holds at least a 3% stake in EssilorLuxottica (ESLX.PA), a board director at the European firm behind Ray-Ban glasses said on Tuesday.

 Warby Parker (WRBY.N), said on Monday it is collaborating with Alphabet’s (GOOGL.O), opens new tab Google to develop lightweight AI-powered glasses, with the first product expected to launch in 2026.

NextEra Energy (NEE.N), said on Monday it has expanded its partnership with Google Cloud to scale up data center capacity by multiple gigawatts and boost energy infrastructure across the U.S.

Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.

Facebook parent Meta Platforms was hit by an antitrust investigation from the European Union on Thursday, although the Brussels probe wasn’t fazing investors and will have little impact on the stock.

Alibaba’s artificial intelligence-powered smart glasses went on sale on Thursday as the Chinese tech giant looks to ramp up its focus on consumer AI in an increasingly competitive market.

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.