Google CEO Sundar Pichai highlighted that the AI boom is creating more opportunities for Alphabet to invest in startups, following massive returns from early bets like SpaceX and Anthropic. Alphabet's 2015 $900 million investment in SpaceX is now worth around $100 billion as SpaceX nears a $1.75 trillion IPO. Google has also invested over $3 billion in AI rival Anthropic, which recently reached a $380 billion valuation. Pichai indicated Alphabet plans to continue deploying capital in promising AI ventures to maximize returns on invested capital.
In June, Google maintained steady user growth with 2.2 billion daily active users, while AI competitors Claude and Gemini saw sharp increases, growing 9% and 7% respectively. Gemini added the most daily users, gaining 8 million, followed by ChatGPT a...
The market is expected to stay stable and range-bound during the summer doldrums, with limited movement after struggling to surpass previous highs. Hyperscaler capital expenditures (capex) are anticipated to be the main driver for stock performance, ...
Google's parent company Alphabet is increasing its investment in artificial intelligence, which has supported strong business results despite a 7% decline in its shares over the past month. The company is expected to report its Q2 earnings on July 22...
Mark Lanier won a landmark $6 million verdict against Meta and Google, proving their platforms were designed to be addictive and harmful to children's mental health. The case, led by a young plaintiff named Kaley, exposed internal documents showing d...
