Displaying items by tag: Alphabet

Just a week after announcing a 15% jump in first-quarter revenue year-on-year, Google has informed staff that it will be sacking at least 200 from its core teams and moving some jobs to India and Mexico.

Alphabet, the parent company of Google, has reported an increase of 7% in annual revenue for the second quarter which ended on 30 June, pulling in US$74.6 billion (A$109.9 billion).

A veteran American litigator, who has served in both the private and public sector, does not appear to fancy the chances of litigants in a class action lawsuit against Google over its recently announced move to scrape all publicly available data from the Internet for training its AI products.

California legal outfit Clarkson Law Firm has filed a lawsuit against search giant Google over the company's recently announced move to scrape all publicly available data from the Internet for training its AI products.

The market value of Alphabet, the parent company of Google, fell by more than US$100 billion (A$144 billion) after its much-vaunted AI service Bard made an error in answering a simple question. Its shares fell 7.7% on Wall Street.

Search giant Google has announced a new experimental conversational AI service known as Bard which will be a competitor to ChatGPT, the service launched by OpenAI recently.

During the 10 seconds it takes you to read this paragraph, Apple has made $US 18.2K profit.

Google parent Alphabet saw its share price punished by nearly 6% after announcing an all round poor set of results for the third quarter, falling significantly short of expectations on both top line revenues and bottom line earnings.

The second-highest court in the European Union will deliver its verdict on 14 September on an appeal by Google against a €4.34 billion (US$4.77 billion, A$6.46 billion) fine imposed on it by the European Union in 2018 for allegedly breaching anti-trust rules relevant to Android.

Coles, one of Australia's two big supermarket chains, says it will offer delivery of some 250 grocery items by drone in some suburbs of Canberra.

The General Court of the European Union has dismissed an appeal by Google and its parent company Alphabet against a fine of €2.42 billion (US$2.77 billion, A$3.79 billion) levied for abusing its dominant market position for online general search services in 13 EU countries.

Search giant Google has taken a swing at European anti-trust regulators over a €4.34 billion (US$5.07 billion, A$6.96 billion) fine imposed on it in 2018 for allegedly breaching anti-trust rules relevant to Android, claiming the authorities had turned a blind eye to Apple, its sole rival in the smartphone space.

Amazon, Alibaba, Alphabet (Google), Facebook and eBay saw growth speed up alongside the growth in digital transformation due to the pandemic, with a UK share buying site noting "tech giants employ more people than ever and generate revenue counted in tens and hundreds of billions of dollars."

Treasurer Josh Frydenberg has said he expects to see "some significant commercial deals" between Australian news publishers and digital platforms before the government votes on its news media code which is currently before Parliament.

The Federal Government appears to be trying to remove the need for passing the news media code legislation by encouraging, and helping, media companies to join up to Google News Showcase.

The Federal Government is likely to give Google and Facebook a major concession before it puts its news media code legislation up for a vote, with a clause that says the two companies do not have to cut deals with publishers under the law if they can convince them to sign up to their news products.

A Senate committee that has held public hearings into the Federal Government's news media code is unlikely to propose any changes to the bill before it.

Google has refused to rule out the possibility that it will pull other services apart from search from Australia in the event that the Federal Government goes ahead and legislates its News Media and Digital Platforms Mandatory Bargaining Code which was introduced into Parliament in December last year.

Wurst, it's likely to be the greatest sausage-fest ever.

Sundar Pichai, the head of Alphabet, the parent company of Google, has announced that the company will put up US$1 billion (A$1.39 billion) for an initiative called the Google News Showcase, which would "pay publishers to create and curate high-quality content for a different kind of online news experience".