Alphabet, Google's parent company, has been making headlines recently due to various developments. The tech giant unveiled its Gemini AI model to rival OpenAI's ChatGPT, offering advanced reasoning and multimodal capabilities. Additionally, Alphabet faced scrutiny over its financial potential in AI, with its quarterly earnings falling short of investor expectations. The company also announced layoffs within its global recruiting team as part of a broader trend of slowing hiring in the tech industry. Furthermore, Alphabet is under investigation by the US government for allegedly maintaining a monopoly over internet search engines.
Alphabet Inc. was founded in 2015 as part of a corporate restructuring of Google. The company serves as a conglomerate with Google as its largest subsidiary, focusing on internet-related services and products. Alphabet's businesses span various sectors, including technology, life sciences, investment capital, and research. Led by CEO Sundar Pichai, Alphabet has a significant global presence and is known for its innovation in areas such as search engines, online advertising, cloud computing, and artificial intelligence. The company's diverse portfolio and influence in the tech industry have positioned it as a key player in the digital landscape.
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The company unveiled a variety of upgrades based on its Gemini model.
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US stocks climbed to end the week. The tech sector rallied sharply, with the Nasdaq Composite up more than 2%.
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The S&P 500 and Nasdaq 100 are set to open higher after both Alphabet and Microsoft posted strong first-quarter earnings reports.
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Google says UK regulator testing means the advertising tech will last until 2025.
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The three tech giants are being investigated over concerns they have failed to comply with the EU’s Digital Markets Act.
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A potential partnership between Google and Apple over AI features would mean big things for both companies and the wider industry.
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Tech leaders Sam Altman and Masayoshi Son are seeking trillions and billions, respectively, to fund ventures that will significantly increase the production of AI chips, crucial for advancing artificial intelligence capabilities.
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Stanley Druckenmiller's Duquesne Family Office increased its stake in Microsoft, while buying call options on Nvidia, 13F filings show.
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Tech companies report mixed earnings results, with Meta and Snap exceeding expectations while Alphabet falls short.
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The Federal Trade Commission has launched an inquiry into the multibillion-dollar investments by tech giants in AI start-ups OpenAI and Anthropic.
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Tech giants' stocks drop after AI-related quarterly results miss investor expectations
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Google launches Gemini, a new AI model, to compete with OpenAI's ChatGPT, offering advanced reasoning and multimodal capabilities.
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Tech giants face scrutiny over AI's financial potential as market reacts to earnings reports
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Google's ad sales grew by 9%, Snap's revenue rose by 5%, and Meta Platforms is expected to report a 21% increase in revenue.
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Alphabet is laying off hundreds of employees from its global recruiting team as part of a trend of slowing hiring in the tech industry.
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The US government has accused Google of illegally leveraging its power to maintain a monopoly over internet search engines.