Alphabet Inc

Google's Alphabet sees profit jump 28% in Q1 despite legal, trade threats

Google's profits soared 28 per cent in this year's opening quarter, overcoming the competitive and legal threats that its internet empire is facing amid an economy roiled by a global trade war. The numbers released Thursday by Google parent Alphabet Inc. indicated the company is rising to the challenge so far, but investors are likely to remain concerned about the turbulent times ahead. The Mountain View, California, company earned USD 26.5 billion, or USD 2.15 per share, during the January-March period, up from USD 20.7 billion, or USD 1.64 per share, at the same time last year. Revenue rose 12 per cent from last year to USD 96.5 billion. The results easily exceeded analysts' projections, according to FactSet Research. Alphabet's stock gained more than 3 per cent in extended trading after the numbers came out. The shares had fallen by 16 per cent since the end of last year. Google's first-quarter performance illustrated the continuing power of its long-dominant search engine in a

Alphabet may shift Pixel production to India amid US tariffs on Vietnam

Alphabet is considering moving part of its Pixel phone manufacturing from Vietnam to India to serve US markets, as tariffs make Vietnam less competitive

Google parent Alphabet in talks to buy cyber firm Wiz for $33 billion

The deal, which may be announced as soon as Tuesday, would be Alphabet's largest acquisition to date, and could help Alphabet's Google catch up with Microsoft Corp. and Amazon.com Inc

Alphabet, CEO Sundar Pichai get House GOP subpoena on alleged censorship

Biden administration officials said those posts contained dangerous misinformation, but Republicans have argued it was an attempt to censor conservatives' speech

Alphabet's Google cuts less than 100 employees in its cloud division

The retrenchment comes in the wake of slower growth from Google's cloud business, as well as massive spending aimed at supporting the tech giant's ambitions in AI

Google's AI previews erode internet, US edtech firm Chegg says in lawsuit

Chegg is now considering a sale or take-private transaction as a result, the company's CEO Nathan Schultz said on Monday

Indonesia fines Google $12.4 mn for anti-competitive play billing practices

Indonesia joins India, Russia and the European Union, who have all imposed significant fines on the tech giant for alleged unfair competitive business practices

Apple seeks to defend Google's billion-dollar payments in search case

Prosecutors will seek to show Google must take several measures, including selling its Chrome web browser and potentially its Android operating system, to restore competition in online search

Google's biggest bet is AI for search, says investment chief Ruth Porat

Applying artificial intelligence to the search business that made Google a household name remains the largest gambit for the company, CIO Ruth Porat said

Google seeks to undo Fortnite-maker Epic Games antitrust win over App Store

Google said in a filing Wednesday that US District Judge James Donato's ruling is mistaken and asked that the outcome of the long-running litigation be set aside

Google's Chrome worth up to $20 billion if judge orders business sale

Antitrust officials, along with states that have joined the case, also plan to recommend Wednesday that federal judge Amit Mehta impose data licensing requirements

Byju's US units wrongly stripped of education app, says federal judge

Dorsey ordered Apple to return ownership of the apps to the US units. A lawyer for an Indian firm that had been wrongly given ownership of the apps unsuccessfully tried to persuade Dorsey

Russia fines Google an incredible $2.5 decillion for YouTube's media ban

A total of 17 Russian television channels, including state-affiliated outlets, have filed legal suits against Google after it began blocking channels in 2020

Alphabet Inc beats sales estimates in Q3 results on Google Cloud growth

As its main search business matures, Google is betting on growth from its cloud division, which supplies computing power, software and services to other companies

Malaysia investment to add $3 bn to GDP by 2030, create 26,500 jobs: Google

Digital investments have helped propel Malaysia's economy this year, with growth beating market expectations in the last two quarters and the ringgit currency becoming one of Asia's top performers

EU antitrust order to Google's adtech business unlikely for now: Report

A break-up order could come at a later stage if Google continues its anti-competitive practices, they said, pointing to a precedent setting case involving Microsoft two decades ago

US antitrust trial targets Alphabet, to challenge Google's ad business

Those advertising tools contributed to the more than 75 per cent of Google's $307.4 billion in revenue last year that came from advertising.

Google to expand AI initiatives in India, target language barrier, farming

Google is intensifying its focus on India with the introduction of advanced AI tools aimed at breaking down language barriers and enhancing agricultural practices, a senior company official said. Abhishek Bapna, Director of Product Management at Google DeepMind, highlighted the importance of reducing language barriers in India's economic development. Language is very essential for economic development. For instance, a language barrier should not hinder someone from explaining their medical issues to a doctor or accessing banking services, Bapna said during his short visit to IIM Calcutta. The tech giant has launched Google Gemini, formerly known as Bard, an artificial intelligence chatbot that supports more than 40 global languages, including nine Indian languages. Bapna added that Google's ongoing focus is on continuously improving language quality and expanding support for more Indian languages in the future. Currently, the chatbot supports nine Indian languages - Hindi, Bengali

Alphabet's partnership with AI startup Anthropic under UK scrutiny

Agreements under scrutiny include Microsoft's partnerships with startups such as OpenAI, Inflection AI, and Mistral AI, as well as Alphabet's ties to other smaller companies such as Anthropic and Cohe

Alphabet's revenue exceeds expectations, boosted by cloud computing

The tech giant is also providing cloud-computing services to fast-growing startups, fueling consistent profitability for that business after years of losing money