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The Latest Breaking News from Alphabet

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

The Guardian - US

UK and US intervene amid AI industry’s rapid advances

Competition and Markets Authority sends ‘pre-warning’ to sector, while White House announces measures to address risks

The Guardian - UK

A.I. could rival human intelligence in ‘just a few years,’ says CEO of Google’s main A.I. research lab

Advanced A.I. that’s at least as intelligent as humans could happen “within a decade,” for better or worse.

Fortune

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Brazil receives pushback from tech companies on ‘fake news’ bill

Brazilian government has accused Alphabet of interference after it placed advertising on its search homepage and YouTube

The Guardian - US

How Amazon, Microsoft, And Google Report Their Quarter 1 Earnings

How Google is benefiting from NFL Sunday Ticket to increase their revenue while Microsoft and Amazon is recovering from 2022.

Zenger

Apple and Nvidia will tell a different side of the tech earnings story

Apple is preparing for its next big product release, while Nvidia is carrying all the hopes and hype of A.I. on its back.

Fortune

Asian shares revive after big US tech rally

RECAP: Shares in Asia rallied yesterday after robust earnings from tech giants Meta, Microsoft and Alphabet buoyed Wall Street, where the S&P 500 had its best day since the first week of the year.

Bangkok Post

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The Google Brain-DeepMind merger is probably good for Google. It might not be for us

Alphabet needs to get more out of its A.I. research spending. But Google's gain could wind up being our loss.

Fortune

Social media's battle for creators comes to earnings calls

But some platforms, like Alphabet's YouTube, gave creators more love than others this quarter.

Fortune

For A.I. to become a force for good, trust must come first

Governments and industry leaders will need to work together to set guardrails for the emergent tech.

Fortune

Alphabet Iron Condor Could Net 22% In 3 Weeks

Alphabet is stuck in a trading range at the moment and that could mean it’s a good time for an iron condor trade.

Barchart

Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon reported more than $127 billion in revenue in its Q1 2023 financial earnings report.

Android Central

YouTube touts Shorts as its 'number one' hope for growth

It is paying better than the other platforms for the bulk of creators, according to creators interviewed by Fortune.

Fortune

ASX falls, Japan's Kirin to buy Blackmores for $2 billion, Wall St eases as First Republic banking crisis outweighs tech profits — as it happened

The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion.

ABC News

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Kiplinger

Stock Market Today: Nasdaq Outperforms on Microsoft Earnings

The Nasdaq led in a mixed session for stocks Wednesday as Big Tech earnings impressed.

Barchart

Microsoft and Alphabet Earnings Results Bode Well for Tech Sector

Concern that an economic slowdown would lead to shrinking earnings from U.S. mega-cap technology stocks eased late Tuesday when Microsoft (MSFT ) and Alphabet (GOOGL ) reported better-than-expected quarterly profits and revenue. Those two earnings results were the first of the major technology and internet stocks to report this earnings...

France 24

British American Tobacco fined $635 million for violating sanctions on North Korea

British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and…

TechRadar

Google Cloud has finally made a profit for the first time

The world's third-largest cloud provider is finally turning a profit after years of hopeful Google investments.

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Asharq Al-Awsat

Google, Microsoft Top Expectations as AI Rivalry Heats Up

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. The tech titan has found itself under pressure due to a general slowdown…

Broadcasting & Cable

YouTube Ad Revenue Down for a Third Straight Quarter, Off 2.6% in Q1

Platform still slightly beat equity analysts’ expectations

The Guardian - US

Alphabet revenue unexpectedly rises in first quarter amid industry slowdown

Google’s parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures

Android Central

Alphabet reports $69.8B in revenue amid mass layoffs and increased AI focus

Alphabet reported its Q1 2023 financial earnings on Tuesday. The company made over $69 billion in revenue following its mass layoffs.

Fortune

Veteran market watcher says Big Tech’s rebound has ‘run its course’—but the overall stock market could still rise to a near record high this year

"We expect the broader markets to move back near record highs at some point in 2023, but it won't likely be because of Big Tech,” Sanders Morris Harris chairman George Ball said Tuesday.

Barchart

Meta Platforms Needs Fresh Impetus to Extend Rally

After climbing by more than +77% this year, Meta Platforms (META ) may need a new catalyst to extend the rally. Meta Platforms posted an 11-month high earlier this month after implementing plans to cut costs and make the company more efficient. However, with the bulk of the cost-saving plans...

PC Gamer

Epic's antitrust case against Apple looks dead in the water

The latest ruling by an appeals court may well seal the deal.

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