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The Latest Breaking News from Alphabet

S&P 500 ends above 5,000 points for first time

On Friday, the SP 500 achieved a historic milestone by closing above the 5,000 mark for the first time, buoyed by robust earnings and economic indicators that bolstered confidence in the US economy's ability to sidestep a recession.

The Times of India

YouTube TV: Everything You Need to Know About What Is Now the 4th Largest Pay TV Platform in America

How Google's $35-a-month skinny bundle turned into the only thing in linear TV that's still growing

Broadcasting & Cable

Tech Titans' Earnings Surge Signals Digital Advertising Renaissance

Tech giants, including Meta, Alphabet, and Amazon, report a significant rebound in digital advertising after concerns of a downturn a year ago.

International Business Times

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Google and Microsoft Witness £130 Billion Market Cap Decline

Shares of Alphabet, the parent company of Google, experienced a six per cent decline following investor disappointment with the lacklustre advertising performance in the last quarter.

International Business Times UK

News Weekly: Alphabet earnings soar, Bard picks up new tricks, and more

From the major tech giants announcing earnings, Google introducing Gen AI to maps, to Amazon losing a billion-dollar deal, News Weekly recaps some of the biggest happenings of the week.

Android Central

Microsoft Says AI Is Getting Deployed 'At Scale' As They Become World's Most Valuable Company

After AI was thrust into the mainstream discourse with the creation of ChatGPT in 2022, Microsoft quickly established itself as the driver of the technology.

International Business Times UK

Stock Market Today: Stocks Slump After Alphabet Earnings, Fed Meeting

The main indexes closed lower Wednesday after Alphabet's earnings-related selloff and the Fed's hawkish outlook toward rate cuts.

Kiplinger

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Investors penalize Microsoft, Alphabet as AI fails to meet expectations

Investors react as Microsoft and Alphabet fall short of expectations in their AI returns, leading to a decrease in their stock values.

Top News

AI Companies Suffer 0 Billion Market Cap Decline After Alphabet and Microsoft Reports

Discover how the market value of AI companies took a hit, losing a whopping 0 billion, following the release of disappointing reports by Alphabet and Mi...

Top News

What Layoffs? YouTube Reports 16% Ad Revenue Spike to $9.2 Billion in Q4

Google's video Goliath cut 100 workers loose just two weeks ago

Broadcasting & Cable

Alphabet's Q4 earnings soar, amid potential layoffs and strategic shifts

Alphabet just dropped its Q4 and fiscal year 2023 earnings report with the emphasis on advancements to AI

Android Central

Mixed Earnings Reports Weigh on US Stocks' Record Highs

U.S. stocks drift near record highs as mixed profit reports are released. UPS and Whirlpool disappoint, while GM beats expectations. Market awaits Fed meet...

Top News

Tech Titans Surge On Wall Street, But Behind the Scenes, Layoffs Hit Record Highs

The increasing demand for AI technologies has led some companies to strategically scale down headcount in non-profitable areas and reallocate resources toward AI development.

International Business Times

Google Part Ways With Key Partner In Bard Development

Australian artificial intelligence data firm Appen has played a key role in training AI models for a slew of tech behemoths including Microsoft, Meta and Apple.

International Business Times UK

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The Guardian - AU

Precarious conditions of AI ‘ghost workers’ revealed by Google termination of Appen contract, union says

Alphabet Workers’ Union says contract’s end will have ‘devastating impact’ on subcontractors who do the grunt work involved in training AI

The Guardian - UK

Google boss warns staff to expect further job cuts this year

Sundar Pichai’s memo acknowledges redundancies would come on top of round of layoffs reported last week

Barchart

Alphabet Stock Is Still a Buy With Most Analysts, As Its FCF Could Make GOOGL Worth Over $220

Alphabet stock is still a buy with most sell-side analysts. This is likely due to its powerful free cash flow (FCF) which could potentially push its value to over $220 per share this year.

Kiplinger

What Is a Reverse Stock Split?

A reverse stock split allows a company to reduce its share count and raise its share price. Here's what investors need to know about a reverse stock split.

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Fortune

Jamie Dimon says San Francisco is in 'far worse shape' than New York—and the data agrees

The JPMorgan CEO Dimon said San Francisco officials hadn’t taken care of the essentials citizens need like public safety and affordable housing.

Barchart

Can Small-Cap Tech Stocks Outperform Megacaps This Year?

Many analysts believe that smaller and riskier technology stocks can outperform megacap technology stocks this year. In 2023, investors poured money into the top seven megacap technology stocks, or the “Magnificent Seven,” which includes Apple, Alphabet, Amazon.com, Meta Platforms, Microsoft, Nvidia, and Tesla. However, the smaller technology stocks are seen...

Evening Standard

What next for the AI revolution? Inside Google DeepMind, the world’s biggest AI company

Everyone laughed politely when I asked whether AI might, in the end, kill us all — everyone apart from one researcher from a US-based thinktank who told me that, as a pessimist, he believes there is about a “20 per cent chance that AI poses an existential threat to life.”

International Business Times

Google Awaits EU Legal Opinion On 2.4-bn-euro Fine

The Advocate General of the European Court of Justice will on Thursday publish a long-awaited opinion on a contested 2.4-billion-euro ($2.6-billion) fine that Brussels slapped on Google for anti-competitive practices.

Fortune

The European bureaucrat who sends a chill through Big Tech just said she's looking closely at Microsoft's relationship with OpenAI. It could be a very big deal

Margrethe Vestager, the European Commission’s top antitrust official, has a history of investigating Microsoft, Google, and their Big Tech peers.

Top News

Google's AI Patent Trial Sparks Multibillion-Dollar Battle in the US

Google finds itself embroiled in a high-stakes patent trial over its AI technology, with billions of dollars at stake. Will they emerge victorious?

Kiplinger

What Are the Magnificent 7 Stocks?

The Magnificent 7 stocks were market leaders in 2023 and have been long-time outperformers. Here's a closer look at the group of mega-cap stocks.

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