- The June-quarter earnings from Alphabet, Microsoft, Snap, and Spotify do not indicate a strong state of business in the tech industry.
- Alphabet had the best quarter among the companies reporting, with revenue growth accelerating to 7% from 3% in the first quarter.
- Alphabet's CFO, Ruth Porat, will transition to a new role as president and chief investment officer while retaining the finance role until a successor is found.
- Porat's new position involves dealing with policymakers and regulators, which is crucial for Google as it faces antitrust lawsuits.
- Keeping Porat around is seen as a relief for investors, considering the criticism of CEO Sundar Pichai's effectiveness.
The UK Prime Minister, Rishi Sunak, aims to position the country as a leading player in the global artificial intelligence (AI) industry, including hosting a summit on AI safety and providing financial support to UK AI companies; there has been significant growth in the number of British enterprises pursuing AI technologies over the past decade.
Google CEO Sundar Pichai sent a note to staff reflecting on the company's rush to build generative AI into its core products, announcing new announcements and products being launched at its annual Cloud Next conference and teasing new hardware products coming in a few months.
Google is enhancing its artificial intelligence tools for business, solidifying its position as a leader in the industry.
Google Cloud CEO Thomas Kurian spoke at a cloud computing conference held by the company in 2019, highlighting the deepening partnership between Club holdings Nvidia and Alphabet as a win for both technology giants in the race to dominate artificial intelligence.
SAP has appointed Walter Sun as Global Head of Artificial Intelligence, where he will be responsible for strengthening the company's AI vision for business and driving technological innovation.
Alphabet, the parent company of Google, is an ideal pick for a long-term investment portfolio due to its stability, flexibility, and potential in areas like artificial intelligence.
Thomas Kurian, CEO of Google Cloud, will be discussing his big bet on AI and building an open ecosystem of AI partners at TechCrunch Disrupt 2023, where he will also preview what's next for Google Cloud and AI in general.
Google CEO Sundar Pichai believes that AI will be the biggest technological shift of our lifetimes and may be even bigger than the internet itself, as Google focuses more on AI after the rise of generative AI threatened its core business.
Google CEO Sundar Pichai discusses Google's focus on artificial intelligence (AI) in an interview, expressing confidence in Google's AI capabilities and emphasizing the importance of responsibility, innovation, and collaboration in the development and deployment of AI technology.
Google CEO Sundar Pichai expects the company's longstanding relationship with chipmaker Nvidia to continue over the next 10 years, citing Nvidia's strong track record in AI innovation and the dynamic nature of the semiconductor industry.
Alibaba's new CEO, Eddie Wu, plans to embrace artificial intelligence (AI) and promote younger talent to senior management positions, as the company undergoes its largest restructuring and seeks new growth points amid a challenging economic environment and increasing competition.
Artificial intelligence (AI) is poised to be the biggest technological shift of our lifetimes, and companies like Nvidia, Amazon, Alphabet, Microsoft, and Tesla are well-positioned to capitalize on this AI revolution.
Google CEO Sundar Pichai believes that releasing AI products before OpenAI's ChatGPT would not have been as successful, expressing confidence in the maturity and progress of Google's AI technology.
Alphabet, Google's parent company, is leveraging its dominant position in the AI market and expanding its AI services on the Google Cloud platform, aiming to capture a larger share of the cloud infrastructure services market and tap into the growing demand for cloud-based AI solutions. This move could help drive stronger growth for Alphabet and present an attractive investment opportunity as AI continues to fuel the company's revenue growth.
Google CEO Sundar Pichai believes that the next 25 years are crucial for the company, as artificial intelligence (AI) offers the opportunity to make a significant impact on a larger scale by developing services that improve people's lives. AI has already been used in various ways, such as flood forecasting, protein structure predictions, and reducing contrails from planes to fight climate change. Pichai emphasizes the importance of making AI more helpful and deploying it responsibly to fulfill Google's mission. The evolution of Google Search and the company's commitment to responsible technology are also highlighted.
Billionaire investor Bill Ackman believes that Alphabet, the parent company of Google, will be a dominant player in AI for a long time and is a good investment choice for profiting from the AI boom, despite some doubts about the company's leadership in the field.
Microsoft CEO Satya Nadella has been credited for transforming the company by being open to collaboration with competitors like Apple, but remains at odds with Google's parent company Alphabet as he testified against them in an antitrust lawsuit. He also called out Alphabet for selling a false narrative about OEM partners having a choice when in reality they don't, citing the power Google holds with its Google Play platform.
Analysts remain optimistic about Google parent Alphabet's growth potential, citing generative artificial intelligence (AI) opportunities, continued innovation, and leadership in the Search space. The company's shares have risen over 59% this year despite ongoing antitrust issues.
Google CEO Sundar Pichai has suggested that subscription business models could be a possible path for Google's AI products, as revenue from YouTube's subscription offerings continues to grow.
Alphabet reported strong growth in Search, YouTube, and Cloud in its Q3 2023 earnings call, with a focus on AI-driven advancements such as Generative AI in Search, AI-powered tools in Workspace and YouTube, and AI-optimized infrastructure and models in Google Cloud. The company remains committed to investing in AI and reengineering its cost base to support long-term sustainable financial value.
Google CEO Sundar Pichai is expected to face questioning in the ongoing antitrust case against the company for encouraging employees to keep their messages private, with allegations of concealment and destruction of evidence being brought against the company.
Google CEO Sundar Pichai will testify in an antitrust hearing regarding Google's dominance in search and search advertising, with questions expected on the company's investments and practices to stay competitive.
Google has invested $2 billion in Anthropic, a company specializing in large language models, joining other tech giants in the race to dominate the AI space and ensure they have partial ownership of the leaders in the field. The investment includes an initial $500 million with the potential for another $1.5 billion later, and comes as companies recognize the importance of AI in their future tech platforms.