Page 2 - Alphabet

Google agrees to reforms in $500 mn antitrust settlement with shareholders

Google parent Alphabet will invest $500 million over a decade to overhaul compliance under a shareholder antitrust lawsuit

Google, justice dept face off in climactic showdown in search monopoly case

Google will return to federal court Friday to fend off the US Justice Department's attempt to topple its internet empire at the same time it's navigating a pivotal shift to artificial intelligence that could undercut its power. The legal and technological threats facing Google are among the key issues that will be dissected during the closing arguments of a legal proceeding that will determine the changes imposed upon the company in the wake of its dominant search engine being declared as an illegal monopoly by US District Judge Amit Mehta last year. Brandishing evidence presented during a recent three-week stretch of hearings, Justice Department lawyers will attempt to persuade Mehta to order a radical shake-up that includes a ban on Google paying to lock its search engine in as the default on smart devices and an order requiring the company to sell its Chrome browser. Google lawyers are expected to assert only minor concessions are needed, especially as the upheaval triggered by .

Google unveils Ironwood, its 7th-gen AI chip to boost application speed

The search giant's multi-billion dollar, roughly decade-long effort represents one of the few viable alternative chips to Nvidia's powerful AI processors

Alphabet's AI drug unit Isomorphic Labs raises $600 mn from OpenAI backer

The round was led by Thrive Capital, with participation from Alphabet and its venture arm, GV

Elon Musk loses $148 bn in net worth: Why are billionaires losing money?

In December 2024, Elon Musk's fortune peaked at $486 billion. However, he is one among the many billionaires who are witnessing financial setbacks

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

Amazon Cloud needs to deliver after Microsoft, Alphabet miss estimates

Wall Street expects Amazon to have spent about $76 billion on capex in 2024, up from $53 billion the prior year. That's seen swelling to $86 billion in fiscal 2025

US futures hit by Alphabet's weak earnings, gold surges to record high

The suggestion came out of the blue and underlined the risk of more policy uncertainty and market volatility ahead. Gold hit another record high, driven mostly by a weaker dollar

Saudi Aramco taps Alphabet spinoff SandboxAQ for AI collaboration

State-backed Aramco has already been investing in AI through units such as Aramco Digital, with a focus on its main energy business

Google contract staff reach union deal banning keystroke monitoring

The collective bargaining agreement between Accenture and the Alphabet Workers Union covers about 25 workers including writers and design analysts

Alphabet arm gets CCI's clearance to acquire stake in Walmart's Flipkart

The Competition Commission on Tuesday granted approval to Alphabet's arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google's parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. "The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target's subsidiary for the provision of certain services," the regulator said in a release. "Commission approves transaction involving subscription of shares of Flipkart Pvt Ltd by Shoreline, an Alphabet, Inc subsidiary," the regulator said in a post on X. Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and ..

Google faces new antitrust trial after 'search engine monopoly' verdict

One month after a judge declared Google's search engine an illegal monopoly, the tech giant faces another antitrust lawsuit that threatens to break up the company, this time over its advertising technology. The Justice Department and a coalition of states contend that Google built and maintains a monopoly over the technology that matches online publishers to advertisers. Dominance over the software on both the buy side and the sell side of the transaction enables Google to keep as much as 36 cents on the dollar when it brokers sales between publishers and advertisers, the government contends in court papers. Google says the government's case is based on an internet of yesteryear, when desktop computers ruled and internet users carefully typed precise World Wide Web addresses into URL fields. Advertisers now are more likely to turn to social media companies like TikTok or streaming TV services like Peacock to reach audiences. In recent years, Google Networks, the division of the ...

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.

Alphabet's Google considering to build large data centre in Vietnam: Report

It was not clear how quickly Google would reach a decision on an investment, but the source said internal talks were taking place and the data centre could be ready in 2027

Nvidia's AI chip demand to face impact from production delay: Analysts

According to media reports, Nvidia's Blackwell chips may face delays of 3 months or more due to design flaws, potentially affecting customers such as Meta Platforms, Alphabet's Google and Microsoft

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

'US regulators to open antitrust probe against Microsoft, OpenAI & Nvidia'

The US Department of Justice will take the lead in investigating Nvidia while the FTC will examine the conduct of OpenAI and Microsoft

Alphabet, Microsoft earnings show hefty AI bets are driving growth

After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft reported that their quarterly revenue growth was outpacing expectations

YouTube, Google Cloud to bring in $100 billion this year: Sundar Pichai

Alphabet reported revenue of $80.5 billion for the 2024 January- March quarter, up 15 per cent from last year, with operating income surging by 46.3 per cent and net income by 57 per cent

Microsoft's OpenAI partnership could face EU antitrust probe: Report

The people said the European Union antitrust regulator had decided not to investigate the partnership under EU merger rules, but that Microsoft could still face an antitrust investigation