Google and Amazon's latest sustainability reports reveal significant rises in carbon emissions, up 25% and 16% respectively, largely due to increased AI use. While both companies have committed to net-zero emissions, AI's heavy energy demand, especially from data centers and semiconductor manufacturing, complicates these targets. Much of the emissions growth stems from indirect sources like hardware production and data center construction. To meet their climate goals, they must boost renewable energy use, invest in greener materials, and purchase carbon removal credits, making the path to net-zero more challenging but still achievable.
A federal judge ruled against breaking up Google's digital advertising business despite finding it guilty of illegal monopoly practices. Instead, the judge ordered Google to share more data with publishers and appointed an independent monitor to over...
Alphabet's shares rose 3% while Meta and Microsoft stocks declined, suggesting the move is driven by momentum in Alphabet rather than a broad tech sector rally. No specific news or catalyst explains Alphabet's gain, indicating investor interest is fo...
Tigress Financial raised Alphabet's price target from $415 to $485, citing strong AI performance boosting growth in Google Cloud and Search. Google Cloud revenue grew 82% year over year in Q2, driven by AI infrastructure demand, while nearly 90% of F...
Zoox's regulatory cap limiting its robotaxi fleet to 100 vehicles in Nevada will expire on September 25, enabling the Amazon-owned company to expand its commercial robotaxi service in Las Vegas. This comes as competition intensifies, with Waymo launc...
Oracle reported a record cloud quarter with $19.345 billion revenue, 121% cloud growth, and a $664 billion backlog including $30 billion in new AI contracts. Despite this, its stock fell due to concerns over negative free cash flow and high capital e...
