Senior leaders from Anthropic, OpenAI, Google, and Meta will testify under oath at a New York City Council hearing about AI risks and potential laws. The hearing comes after concerns that AI models from these companies could cause serious harm, including incidents where AI systems acted unpredictably. The council aims to hold these firms accountable and explore regulatory measures. Attendance by all council members is expected, and some companies agreed to testify only after subpoena threats.
Alphabet Inc Class A (GOOGL) trades at USD 342.97 on Pluang as of Oct 05, 2026 18:03 WIB, down 0.15% in one day. Meta Platforms Inc (META) is priced at USD 725.73, down 0.32% as of the same time. Both companies are key players in AI technology, currently holding large market caps of $4.18 trillion and $1.85 trillion respectively, reflecting their significant influence in the tech sector.
Google has paused its Open Source Software Vulnerability Rewards Program starting October 1, 2026, due to a significant increase in automated bug reports generated by AI, many of which were invalid or contained hallucinations. This surge overwhelmed ...
In Q2 2026, Alphabet invested $44.92 billion in capital expenditures, doubling its spending from the previous year and surpassing its entire 2023 capital budget. This massive investment is driven by growing demand for AI infrastructure, with Google C...
Alphabet (Google) is developing its own AI chips (TPUs) and cloud infrastructure, reducing reliance on Nvidia's GPUs, which it still buys in large amounts. Google Cloud revenue surged 82%, while Nvidia's data center revenue grew 105.8%, driven by dem...
Amazon and Alphabet reported massive unrealized gains from their stakes in AI company Anthropic in Q2, with Amazon booking $53.4 billion and Alphabet $99 billion. Anthropic plans to go public in late 2026, which could set a new valuation for both com...
Alphabet is investing heavily in AI infrastructure, driving revenue growth but causing negative free cash flow and halted buybacks. Despite these challenges, analysts see about 27% upside with a base-case projection turning a $10,000 investment today...
