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The Latest Breaking News from Alphabet

Google's union speaks out against remote work crackdown: ‘Workers’ professionalism has been disregarded'

Google employees represented by the Alphabet Workers Union are demanding "meaningful agency" in choosing how they work.

Fortune

Waymo said that a small dog 'did not survive' after it was hit by a driverless car

Alphabet-owned Waymo said that an initial review of the collision found that the autonomous driving system correctly identified the dog but “was not able to avoid contact.”

Fortune

Nvidia: Down 10% From Last Week's High, is Now a Good Time to Buy?

The AI frenzy has set tech stocks on a price spurt when the market faces recessionary risks. Is Nvidia’s $1 trillion valuation an AI bubble or here to stay?

Barchart

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4 tech giants accounted for more than 16% of Fortune 500 earnings—even in a down year

Four big tech companies—Apple, Microsoft, Alphabet, and Meta Platforms—raked in $255.7 billion in profits in 2022, or 16.4% of the Fortune 500’s total earnings.

Fortune

GV promotes 4 new general partners

“There’s no way to hide behind the opaqueness of the private markets for a crypto fund with token holdings,” PitchBook’s Robert Le said.

Fortune

Visualising Nvidia’s rise to the $1 trillion market value club

Amid an AI boom, the US chipmaker has added more than $500bn in value since the start of 2023.

Al Jazeera

One mom takes on YouTube over deadly social media blackout challenge

After Wisconsin mom Annie McGrath's teenage son died in a YouTube blackout challenge, she's confronting shareholders at an annual meeting of its parent company.

WEKU

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CEOs got smaller raises. It would still take a typical worker two lifetimes to make their annual pay

After ballooning for years, CEO pay growth is finally slowing

The Independent UK

Just 5 stocks including Nvidia account for 96% of the S&P 500’s gains this year

The S&P's comeback this year gets only two cheers. A few big stocks are overperforming, while the rest of the market reflects the reversal of a historic earnings blowout.

Fortune

Here’s a Couple of Reasons to Equal Weight the S&P 500

Investors need only compare the S&P 500 Index’s performance in 2023 with the S&P 500 Equal Weight Index to understand why it could all end badly in the second half.

Barchart

Nvidia briefly joined Apple, Amazon, Microsoft, and Alphabet in the $1 trillion club. But please don't forget us PC gamers, Jen-Hsun

Nvidia today passed the $1 trillion mark in terms of market capitalisation before dropping back below the threshold at the close of the markets.

PC Gamer

Nvidia becomes first chipmaker valued at more than $1tn amid AI boom

Shares in chip company soar amid hopes of rising demand from artificial intelligence applications

The Guardian - UK

Evaluating Microsoft (MSFT) and Alphabet (GOOGL) Amid the AI Boom

With a wide range of applications across several end-use verticals, businesses and consumers are increasingly adopting and investing in AI. Therefore, industry leaders Microsoft (MSFT) and Alphabet (GOOGL) look primed to maintain their supremacy as the AI boom picks up steam, making them ideal investments now. Read more….

StockNews.com

Press fights back Big Tech disruption

Two years ago, the Australian parliament passed the News Media Bargaining Code, which forced Meta (Facebook) and Alphabet (Google) to compensate media outlets for news content shared on their platforms. The law has been a remarkable success, with Australian media outlets now receiving more than A$200 million (about 6.9 billion…

Bangkok Post

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Fortune

OpenAI’s Sam Altman and Google’s Sundar Pichai are now begging governments to regulate the A.I. forces they’ve unleashed

A.I. is “too important not to regulate well,” Pichai wrote, while Altman suggested that a body like the IAEA would soon be needed to oversee A.I.

Tribune News Service

Commentary: Laid off from Silicon Valley? Try public service

The last few months have not been good for tech workers. Groupon laid off 500 employees, Spotify axed 600, Yahoo nixed 1,600, Paypal cut 2,000, Salesforce let go of 7,000, Microsoft fired 10,000, and Alphabet — Google’s parent company — parted ways with 12,000. Meta, the company behind Facebook, Instagram,…

Barchart

Large Unusual Put Options Activity in Alphabet Stocks Today - What We Can Learn

A large increase in put options in Alphabet stock (GOOG, GOOGL) today. These trades can be analyzed to see if we can learn from them, as they are likely initiated by hedge funds.

Barchart

Cisco Systems a Laggard in Tech Stock Rally

While most mega-cap technology stocks have posted impressive rallies this year, the performance of Cisco Systems (CSCO ) is an exception. With technology stocks such as Alphabet (GOOGL ) and Apple (AAPL ) soaring more than +30% this year, Cisco Systems is down -1.5%. While growth in other mega-cap tech...

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news in one place.

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Barchart

Artificial Intelligence Discussion a Factor in Stock Performance

Top company executives are mentioning artificial intelligence (AI) this earnings season, which has become a factor in determining companies’ stock performance. According to transcripts analyzed by Bloomberg, there have been around 1,600 mentions of AI by U.S. and European companies in this season’s quarterly conference calls, a record number. Interest...

Fortune

Silicon Valley's latest casualty: summer internships

Tech summer internships, famous for giving college students a taste of Silicon Valley life, are among the most sought after gigs. This year, there will be fewer of them.

Barchart

Stocks Settle Mixed as Tech Gains on Alphabet and Lower Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.31%. Stock indexes Thursday settled mixed. An -8% slump in...

Barchart

Up 32% In 2023, Will Alphabet’s Stock Continue to Outperform?

Alphabet's stock is up 32% in 2023. Will this tech stock continue to move higher, or will shares pull back in the next 12 months?

PC Gamer

US, UK governments make weak plea to AI companies: 'The private sector has an ethical, moral, and legal responsibility'

Too little too late?

Fortune

Apple CEO Tim Cook: Mass layoffs are a 'last resort'

Apple hired fewer people than its peers during the pandemic, and so has avoided giant layoffs even as Meta, Amazon and others cut tens of thousands of jobs.

The Guardian - US

Apple posts better-than-anticipated earnings fueled by iPhone sales

Positive report comes after company’s rare stumbles on revenue, profit and sales in February and highlights strength of the brand

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