When Google announced late January it would lay off 12,000 workers globally, it started with U.S. employees while those in other countries, including Canada, waited in suspense to see if they would keep their jobs. The suspense ended Monday, with Google Canada sending out notice to Canadian employees. Spokesperson Lauren Skelly declined to say how…
Google Gives Notice to Canadian Workers Amid Global Layoff of 12,000
New Zealand Plans Law to Require Facebook, Google to Pay for News
WELLINGTON—The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc’s Google and Meta Platforms Inc. to pay New Zealand media companies for the local news content that appears on their feeds. Minister of Broadcasting Willie Jackson said in a statement on Sunday that the…
Google’s Ad Sales Slow Sharply, an Ominous Sign for US Economy
October 26, 2022
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Google’s parent company Alphabet posted disappointing ad sales numbers in its third-quarter results, leading to a fall in the company’s share price, while indicating a dismal outlook for overall business confidence and the economy. Total operating income for the quarter ended Sept. 20 was $17.1 billion, a decline of more than 18 percent from 2021’s…
Google Loses Challenge Against EU Antitrust Decision, Other Probes Loom
September 14, 2022
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LUXEMBOURG—Google suffered one of its biggest setbacks on Wednesday when a top European court upheld a ruling that it broke competition rules and fined it a record 4.1 billion euros, in a move that may encourage other regulators to ratchet up pressure on the U.S. giant. The unit of U.S. tech giant Alphabet had challenged…
Commerce Department Signs Deal With Google to Develop Chips for Researchers
WASHINGTON—The Commerce Department said it reached a cooperative research and development agreement with Alphabet Inc.’s Google to produce chips that researchers can use to develop new nanotechnology and semiconductor devices. The deal was signed between the Commerce Department’s National Institute of Standards and Technology (NIST) and Google. The chips will be manufactured by semiconductor company…
Is Google’s AI Chatbot Really Sentient? Sundar Pichai Says ‘The Truth Is …’
Alphabet Inc. CEO Sundar Pichai touched upon Artificial Intelligence (AI) acquiring sentience in an interview at Vox Media’s Code Conference Tuesday. What Happened Pichai discussed the case of a Google employee who was fired for claiming that the company’s AI chatbot was sentient, reported The Verge. The Google CEO repeated the company’s position that the bot was not sentient and said,…
Google CEO Denies AI Chatbot Is Sentient
Alphabet Inc. CEO Sundar Pichai touched upon Artificial Intelligence (AI) acquiring sentience in an interview at Vox Media’s Code Conference Tuesday. What Happened Pichai discussed the case of a Google employee who was fired for claiming that the company’s AI chatbot was sentient, reported The Verge. The Google CEO repeated the company’s position that the bot was not sentient and said,…
Ahead Of Tesla Share Split, Here’s How Much $1,000 Invested In Amazon, Alphabet Before Their 2022 Stock Splits Would Be Worth Today
Tesla Inc’s shares will begin trading on a split-adjusted basis on Aug. 25. Expectations are that the stock will trade up in the run-up to the split. Incidentally, two other big techs—Amazon.com Inc and Alphabet Inc recently split their shares. Does the post-split trading in these stocks have any read across for Tesla? It could be…
Google Search Ads Exceed Revenue Expectations Despite ‘Low Expectations’
Google’s second-quarter revenue from its search advertisements beat expectations, enabling parent company Alphabet to report revenues in line with market forecasts. Alphabet’s second-quarter 2022 revenue from “Google Search & Other” came in at $40.69 billion, up 13.53 percent from second-quarter 2021 revenue of $35.84 billion. It also beat financial data firm FactSet’s estimates of $40.15…
Alphabet to Slow Hiring in 2nd Half of 2022 as Economy Sputters
Alphabet Inc said on Wednesday it would slow the pace of hiring for the rest of the year, the latest company to make such a move as decades-high inflation and the fallout from the Ukraine crisis pressure businesses. The announcement aligns the parent of search giant Google with other major tech companies including Uber Technologies…
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