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Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
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US Antitrust Body Wants OpenAI, Microsoft, Amazon To Share Partnership Info
The U.S. Federal Trade Commission said on Thursday it had ordered OpenAI, Microsoft, Alphabet, Amazon and Anthropic to provide information on recent investments and partnerships involving generative AI companies and cloud service providers.
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Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
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Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?
Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?
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Government Drafts Framework to Restrict Fake Reviews on E-Commerce Websites
India launched a crack down on Monday against fake reviews and unverified ratings in a bid to make online interaction and e-commerce more authentic and less misleading for users. The government has drafted a framework for companies as well as travel sites or food delivery apps which depend on consumer reviews to validate products and services. Posi...
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US Senator Campaigns to Pass Antitrust Bill Against Big Tech as Time Runs Short
A US congressional leader on antitrust, Senator Amy Klobuchar, called for Congress to pass a bill to rein in Big Tech. The senator earlier said she has the 60 votes required to pass the measure.
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Microsoft Sees Steady Cloud Services Growth After Record Quarterly Profit
Microsoft posted its most profitable quarter, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services.
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Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
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Google-Parent Alphabet Becomes 4th US Company to Top Market Value of $1 Trillion
As Google-parent Alphabet became on Thursday the fourth US company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.
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Google's Diane Greene Says Microsoft Beat Search Giant to Buy GitHub
Microsoft agreed to pay $7.5 billion for GitHub earlier in June, but it wasn't the only interested party.
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Microsoft Surpasses Google's Alphabet to Become Third Most Valuable Company
Microsoft surpassed Google's parent company Alphabet in market value Tuesday, becoming the third most valuable company in the world.
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Flipkart-Walmart Deal Announcement Said to Be Likely by End of Week
Walmart and Google parent Alphabet will buy up to 75 percent of Flipkart, the two sources familiar with the matter told Reuters.
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Smart Home Unit Nest Is Spun Back Into Google
Nest Labs, known for its smart home Wi-Fi thermostat, was acquired by Google in 2014 for $3.2 billion and later became an independent Alphabet unit.
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US to make streaming services pay more for music
The National Music Publishers Association said the ruling, which has not yet been made public, will require streaming companies to give 15.1 percent of their revenue to songwriters and music publishers.
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Google's Holding Company Alphabet Puts Boston Dynamics Up for Sale: Report
Boston Dynamics is best known for building robots that look as if they belong in a science-fiction movie and are often co-developed or funded by the US military.
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Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
-
US Antitrust Body Wants OpenAI, Microsoft, Amazon To Share Partnership Info
The U.S. Federal Trade Commission said on Thursday it had ordered OpenAI, Microsoft, Alphabet, Amazon and Anthropic to provide information on recent investments and partnerships involving generative AI companies and cloud service providers.
-
Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
-
Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?
Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?
-
Government Drafts Framework to Restrict Fake Reviews on E-Commerce Websites
India launched a crack down on Monday against fake reviews and unverified ratings in a bid to make online interaction and e-commerce more authentic and less misleading for users. The government has drafted a framework for companies as well as travel sites or food delivery apps which depend on consumer reviews to validate products and services. Posi...
-
US Senator Campaigns to Pass Antitrust Bill Against Big Tech as Time Runs Short
A US congressional leader on antitrust, Senator Amy Klobuchar, called for Congress to pass a bill to rein in Big Tech. The senator earlier said she has the 60 votes required to pass the measure.
-
Microsoft Sees Steady Cloud Services Growth After Record Quarterly Profit
Microsoft posted its most profitable quarter, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services.
-
Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
-
Google-Parent Alphabet Becomes 4th US Company to Top Market Value of $1 Trillion
As Google-parent Alphabet became on Thursday the fourth US company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.
-
Google's Diane Greene Says Microsoft Beat Search Giant to Buy GitHub
Microsoft agreed to pay $7.5 billion for GitHub earlier in June, but it wasn't the only interested party.
-
Microsoft Surpasses Google's Alphabet to Become Third Most Valuable Company
Microsoft surpassed Google's parent company Alphabet in market value Tuesday, becoming the third most valuable company in the world.
-
Flipkart-Walmart Deal Announcement Said to Be Likely by End of Week
Walmart and Google parent Alphabet will buy up to 75 percent of Flipkart, the two sources familiar with the matter told Reuters.
-
Smart Home Unit Nest Is Spun Back Into Google
Nest Labs, known for its smart home Wi-Fi thermostat, was acquired by Google in 2014 for $3.2 billion and later became an independent Alphabet unit.
-
US to make streaming services pay more for music
The National Music Publishers Association said the ruling, which has not yet been made public, will require streaming companies to give 15.1 percent of their revenue to songwriters and music publishers.
-
Google's Holding Company Alphabet Puts Boston Dynamics Up for Sale: Report
Boston Dynamics is best known for building robots that look as if they belong in a science-fiction movie and are often co-developed or funded by the US military.
