Tag: Internet Media and Services

Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet’s (GOOGL.O), Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser’s billions of users pivotal to the AI search race.

Shares of cloud-based ad tech firm Trade Desk (TTD.O), fell by a third during premarket trading on Friday, after CEO Jeff Green warned about ongoing tariff uncertainty pressuring some of the world’s largest advertisers.

Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback.

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.

Meta Platforms (META.O), forecast third-quarter revenue well above analysts’ estimates on Wednesday, as artificial intelligence once more powered its core advertising business, sending its shares soaring 11% in extended trading.

The extremely bullish growth forecasts for this market, estimated to be worth $166 billion by 2030, explains why last month Meta reportedly took a 3% stake in EssilorLuxottica, with an option to up it to 5%.

Spotify shares dropped about 5% before the bellTuesday after the music streaming platform fell short of Wall Street’s expectations and posted weak guidance for the current quarter.

Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm’s first foray into the product category.

Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025.

 Uber (UBER.N), will invest $300 million in electric vehicle maker Lucid (LCID.O), in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Alphabet’s Google will invest $25 billion in data center and artificial intelligence infrastructure over the next two years in states across the biggest electric grid in the U.S., the technology company said Tuesday.

Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers.

Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users’ data to be harvested without their consent.

A coalition of independent publishers has filed an antitrust complaint with the European Commission, accusing Google (NASDAQ:GOOGL) of misusing its dominant position in online search through its AI-generated summaries, known as AI Overviews, Reuters reported on Friday, citing a document they had seen.

Netflix (NFLX.O), has held talks with Spotify (SPOT.N), to partner on projects such as music award shows or live concert series as part of its live TV push, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

U.S. President Donald Trump told Fox News in an interview aired on Sunday that he has a group of “very wealthy people” ready to buy TikTok, whose identities he can reveal in about two weeks.

Meta Platforms (META.O), may face daily fines if EU regulators decide the changes it has proposed to its pay-or-consent model fail to comply with an antitrust order issued in April, they said on Friday.

 Renewable energy developer Invenergy and social media giant Meta Platforms (META.O), have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday.

Bumble (NASDAQ:BMBL) stock rose 13% after the dating app company announced plans to reduce its global workforce by approximately 240 roles, representing about 30% of its employees.

Uber Technologies Inc (NYSE:UBER) stock rose 2.75% in premarket trading Tuesday after the company announced the launch of autonomous ride services in Atlanta in partnership with Waymo.