Big tech companies added $2.5 trillion in value to 2021
Big Tech pushed US stocks to the third straight winning year in 2021. Giants like Amazon, Apple, Microsoft, and others, continue to experience demand, even as the economy slogs on to the third year of the COVID-19 pandemic.
The most notable names, Alphabet (Google’s parent company), Amazon, Mi...
Russian court fines Alphabet 7.2 billion roubles
The fines levied against Google and Meta Platforms mark a new level of government crackdowns in Russia
A Moscow court on Friday said it was fining Alphabet's Google 7.2 billion roubles (86 million euros), according to reporting by Reuters. The fines are for what the court said was a repeated fai...
Alphabet records even higher profits as Google’s ad business surges
Alphabet, Google’s parent company, reported higher than expected Q3 ad sales, signaling that the business has found a way to overcome the limitations of tracking mobile users and that online shopping is booming as we usher in the holiday season.
Through YouTube video services, its search engin...
DeepMind becomes profitable by leveraging ties to Google
The company may be making most of its revenue by working for Alphabet.
DeepMind, the U.K.-based AI lab, has issued its latest financial report showing that the company has become profitable for the first time.
DeepMind, which seeks to develop artificial general intelligence, or "AGI", was ac...
Alphabet reports massive 65% gain for second quarter
Google's parent has performance that is putting its Big Tech rivals to shame.
Alphabet reported huge beats on its top and bottom lines for its first quarter of 2021, as well as a new $50 billion stock buyback, which boosted the shares more than 4% in after-hours trading.
The company's shar...
Alphabet launches Intrinsic with tech to train industrial robots
The new company's goal: "to support a shift towards a more sustainable and equitable way of making things."
Google's parent company Alphabet this week announced a new venture that will focus on "training" industrial robots. The goal of the new venture is to make robots easier and more affordable...
German antitrust regulator starts proceedings against Alphabet
Germany's antitrust regulator, the Federal Cartel Office, said on Tuesday that it will start proceedings against Google Germany, Google Ireland, and Alphabet (the company that owns them). The charges brought are about the exploitation of market domination and data collected for that purpose.
The...
France approves Google and Microsoft cloud for sensitive data
French ministers agree that collaborating with the Americans may be a good thing for France.
The French government has decreed that the country's most sensitive state and corporate data can be safely stored using the cloud computing technology developed by Alphabet's Google and Microsoft. This c...
EU invites tech leaders to talk about legislation
European Union lawmakers have invited leaders of Amazon, Apple, Facebook and Alphabet to Brussels to discuss future legislation for major tech companies.
The aim of the meeting is to discuss how to tackle problems related to competition and fake news. The EU is working on several laws in this ar...
New AI by Google sister company masters chess without learning rules
Alphabet subsidiary DeepMind has built a new version of its AI software that is better at coming up with new strategies in unfamiliar situations. The AI, called MuZero, has mastered Go, chess, shogi and various Atari games without having the rules explained to it.
DeepMind explains the improveme...
EU digital chief talks to tech giants about upcoming DSA & DMA rules
An EU official announced that the European Union's digital chief has invited companies like Alphabet, Apple, Amazon, and Facebook for video meetings next week. They will talk about the drafting of rules to curb the companies' powers.
Tech companies and online platforms have lobbied very hard to ...
Tech giants manage corona pandemic better than smaller rivals
Several tech companies published their quarterly results this week. The figures show that Facebook and Google parent company Alphabet have recorded strong growth in advertising sales despite the corona crisis. Microsoft also had a good quarter.
Twitter
Twitter was less successful, noting fewe...