INSIDER
Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slump
Read full article: Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slumpU.S. stock indexes edged lower after drops for Eli Lilly and chip companies overshadowed a jump for Google’s parent company.
Google's moneymaking machine still pumping out massive profits despite multiple threats
Read full article: Google's moneymaking machine still pumping out massive profits despite multiple threatsGoogle is still thriving while the company navigates through a pivotal shift to artificial intelligence and battles regulators trying to topple its internet empire.
Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
Read full article: Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumblesRising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street.
Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids
Read full article: Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skidsAsian shares have dropped morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive.
Google's corporate parent still prospering amid shift injecting more AI technology in search
Read full article: Google's corporate parent still prospering amid shift injecting more AI technology in searchGoogle’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire.
California advances unique safety regulations for AI companies despite tech firm opposition
Read full article: California advances unique safety regulations for AI companies despite tech firm oppositionCalifornia lawmakers have advanced a bill that would regulate powerful artificial intelligence systems.
Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas
Read full article: Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' MayorkasThe CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”.
Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
Read full article: Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividendGoogle’s corporate parent Alphabet Inc. has released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence.
Stock market today: Wall Street rises ahead of Friday's jobs report to snap a 3-day losing streak
Read full article: Stock market today: Wall Street rises ahead of Friday's jobs report to snap a 3-day losing streakWall Street closed higher to break out of its first three-day losing streak since Halloween.
Google launches Gemini, upping the stakes in the global AI race
Read full article: Google launches Gemini, upping the stakes in the global AI raceGoogle took its next leap in artificial intelligence Wednesday with the launch of project Gemini, an AI model trained to behave in human-like ways that’s likely to intensify the debate about the technology’s potential promise and perils.
Google's ad sales growth accelerated in 3Q, but investors are unimpressed with the performance
Read full article: Google's ad sales growth accelerated in 3Q, but investors are unimpressed with the performanceGoogle’s digital advertising sales growth accelerated during the summer, advancing a recent revival that helped its corporate parent Alphabet Inc. to deliver a quarterly profit that exceeded analysts' projections.
Stock market today: Stocks drift after Fed hikes rates, as yields fall on hopes that's the last one
Read full article: Stock market today: Stocks drift after Fed hikes rates, as yields fall on hopes that's the last oneStocks held steady after the Federal Reserve raised interest rates to their highest level in more than two decades, just as Wall Street expected.
Google rebounds from unprecedented drop in ad revenue with a resurgence that pushes stock higher
Read full article: Google rebounds from unprecedented drop in ad revenue with a resurgence that pushes stock higherGoogle snapped out of an unprecedented advertising slump during its latest quarter, signaling a return to growth cycle needed to fuel investments in artificial intelligence technology that expected to reshape the competitive landscape.
Regulators take aim at AI to protect consumers and workers
Read full article: Regulators take aim at AI to protect consumers and workersAs concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation’s financial watchdog says it’s working to ensure that companies follow the law when using AI.
Google's persistent ad slump weighs on Alphabet's 1Q results
Read full article: Google's persistent ad slump weighs on Alphabet's 1Q resultsGoogle’s advertising malaise persisted during the first quarter while the internet company also grapples with advancements in artificial intelligence technology that threaten to undercut its dominant search engine.
Google's parent reports slowest quarterly growth in 2 years
Read full article: Google's parent reports slowest quarterly growth in 2 yearsGoogle’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid fears of an economic recession.
Google's Q4 ad sales soar again, parent plans to split stock
Read full article: Google's Q4 ad sales soar again, parent plans to split stockGoogle’s digital advertising empire turned in another strong performance during the holiday shopping season, propelling a 36% increase in its corporate parent’s profit during the final three months of 2021.
Google workers form new labor union, a tech industry rarity
Read full article: Google workers form new labor union, a tech industry rarity(AP Photo/Jeff Chiu, File)A group of Google engineers and other workers announced Monday they have formed a union, creating a rare foothold for the labor movement in the tech industry. About 225 employees at Google and its parent company Alphabet are the first dues-paying members of the Alphabet Workers Union. But the new union, which will be affiliated with the larger Communication Workers of America, says it will serve as a “structure that ensures Google workers can actively push for real changes at the company." Later in 2018, thousands of Google employees walked out to protest how the company handled sexual misconduct allegations against executives. Allen said the Alphabet Workers Union is not currently planning to pursue official recognition as a collective bargaining group.
Tech giants report higher profits - some more than others
Read full article: Tech giants report higher profits - some more than othersFILE - This combination of photos shows logos for social media platforms Facebook and Twitter. (AP Photo/File)Five technology giants are reporting earnings Thursday, providing the latest indication of whether they are rebounding from an economic slowdown earlier this year. Apple and Google's parent Alphabet are also reporting results Thursday. Analysts were expecting earnings of $2.18 per share on revenue of $19.80 billion, according to a poll by FactSet. The social media giant’s average monthly user base was 2.74 billion as of Sept. 30, up 12% from a year earlier.
Self-driving car company Waymo raises $2.25 billion in first external round of funding
Read full article: Self-driving car company Waymo raises $2.25 billion in first external round of fundingWaymo, the self-driving arm of Google's parent company Alphabet, announced Monday that it has raised $2.25 billion in its first external round of funding. The investment was led by private equity firm Silver Lake Partners, the Canada Pension Plan Investment Board and the Mubadala Investment Company, the sovereign wealth fund of the United Arab Emirates. But company CEO John Krafcik said the investment will enable the company to add key partners and grow its operations. Advocates of self-driving vehicles say the technology will dramatically improve road safety. Its self-driving vehicles have driven more than 20 million miles on public roads.
Google co-founders step down as execs of parent Alphabet
Read full article: Google co-founders step down as execs of parent AlphabetSundar Pichai, who has been leading Google as CEO for more than four years, will stay in his role and also become CEO of Alphabet. Both founders promised they plan to stay actively involved as board members and shareholders and lauded Pichai for his leadership of Google. Alphabet -- an umbrella corporation that the two created in 2015 -- still boasts Google as its central fixture and key moneymaker. Page and Brin both have been noticeably absent from Google events in the past year. Pichai, who has an engineering background, took over as the head of Google’s products before being promoted to CEO when Alphabet was created.