Alphabet's stock rose 2.8% after reports that the company plans to deploy a new AI chip, "Frozen v2," which is expected to be up to 10 times more energy-efficient. This development added $15 billion to the net worth of cofounders Larry Page and Sergey Brin. The chip aims to address internal AI computing power shortages and is planned for deployment by 2028. Alphabet will report Q2 earnings soon, with expectations of strong revenue and earnings growth driven by AI infrastructure investments and Google Cloud's increasing demand.
Alphabet is set to report its Q2 earnings on July 22, drawing attention to leveraged ETFs like Direxion's GGLL (bullish) and GGLS (bearish) that track the stock's daily performance. Despite a 12% gain year-to-date, Alphabet's shares have dipped 3% re...
Alphabet, Google's parent company, is set to report earnings on July 22 amid mixed signals. The stock has gained 11.43% year-to-date and benefits from strong AI advancements and a major $80 billion equity raise involving Berkshire Hathaway. However, ...
BlackRock, Carhartt, Ford Motor Company, and Google have formed the Alliance for America's Skilled Trades to expand access to skilled trades training and address the growing shortage of skilled labor in the US. This coalition aims to create pathways ...
A Nikkei study reveals that five major U.S. tech companies hold $1.65 trillion in hidden debt, far exceeding their reported liabilities. This debt has grown eightfold in four years, driven by heavy investments in artificial intelligence. Meta and Ora...
Anthropic has received final court approval for its $1.5 billion settlement in a class action lawsuit over copyright infringement related to its AI training data. The settlement will pay $3,000 per copyrighted work to authors and publishers for about...
