Google has secured a strategic deal with geothermal energy company Fervo, granting it veto power over Fervo's investors and the right of first refusal on new projects. This agreement restricts Fervo from accepting investments from Google's competitors like Microsoft, Amazon, and Meta, effectively giving Google control over Fervo's geothermal technology and project pipeline. The pricing model caps Google's costs and allows them to audit Fervo's expenses, potentially squeezing Fervo's profit margins. The deal expires in March 2028, making Fervo's IPO a critical step to prove its technology before Google's exclusive rights lapse. This move positions Google to monopolize clean energy advancements while keeping rivals out.
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...
