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The Latest Breaking News from Alphabet

Tech Titans Surge On Wall Street, But Behind the Scenes, Layoffs Hit Record Highs

The increasing demand for AI technologies has led some companies to strategically scale down headcount in non-profitable areas and reallocate resources toward AI development.

International Business Times

Google Part Ways With Key Partner In Bard Development

Google Part Ways With Key Partner In Bard Development

Australian artificial intelligence data firm Appen has played a key role in training AI models for a slew of tech behemoths including Microsoft, Meta and Apple.

International Business Times UK

Precarious conditions of AI ‘ghost workers’ revealed by Google termination of Appen contract, union says

Precarious conditions of AI ‘ghost workers’ revealed by Google termination of Appen contract, union says

Alphabet Workers’ Union says contract’s end will have ‘devastating impact’ on subcontractors who do the grunt work involved in training AI

The Guardian - AU

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Google boss warns staff to expect further job cuts this year

Sundar Pichai’s memo acknowledges redundancies would come on top of round of layoffs reported last week

The Guardian - UK

Alphabet Stock Is Still a Buy With Most Analysts, As Its FCF Could Make GOOGL Worth Over $220

Alphabet stock is still a buy with most sell-side analysts. This is likely due to its powerful free cash flow (FCF) which could potentially push its value to over $220 per share this year.

What Is a Reverse Stock Split?

A reverse stock split allows a company to reduce its share count and raise its share price. Here's what investors need to know about a reverse stock split.

Jamie Dimon says San Francisco is in 'far worse shape' than New York—and the data agrees

The JPMorgan CEO Dimon said San Francisco officials hadn’t taken care of the essentials citizens need like public safety and affordable housing.

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Can Small-Cap Tech Stocks Outperform Megacaps This Year?

Can Small-Cap Tech Stocks Outperform Megacaps This Year?

Many analysts believe that smaller and riskier technology stocks can outperform megacap technology stocks this year. In 2023, investors poured money into the top seven megacap technology stocks, or the “Magnificent Seven,” which includes Apple, Alphabet, Amazon.com, Meta Platforms, Microsoft, Nvidia, and Tesla. However, the smaller technology stocks are seen...

What next for the AI revolution? Inside Google DeepMind, the world’s biggest AI company

Everyone laughed politely when I asked whether AI might, in the end, kill us all — everyone apart from one researcher from a US-based thinktank who told me that, as a pessimist, he believes there is about a “20 per cent chance that AI poses an existential threat to life.”

Evening Standard

Google Awaits EU Legal Opinion On 2.4-bn-euro Fine

Google Awaits EU Legal Opinion On 2.4-bn-euro Fine

The Advocate General of the European Court of Justice will on Thursday publish a long-awaited opinion on a contested 2.4-billion-euro ($2.6-billion) fine that Brussels slapped on Google for anti-competitive practices.

International Business Times

The European bureaucrat who sends a chill through Big Tech just said she's looking closely at Microsoft's relationship with OpenAI. It could be a very big deal

The European bureaucrat who sends a chill through Big Tech just said she's looking closely at Microsoft's relationship with OpenAI. It could be a very big deal

Margrethe Vestager, the European Commission’s top antitrust official, has a history of investigating Microsoft, Google, and their Big Tech peers.

Google's AI Patent Trial Sparks Multibillion-Dollar Battle in the US

Google's AI Patent Trial Sparks Multibillion-Dollar Battle in the US

Google finds itself embroiled in a high-stakes patent trial over its AI technology, with billions of dollars at stake. Will they emerge victorious?

What Are the Magnificent 7 Stocks?

What Are the Magnificent 7 Stocks?

The Magnificent 7 stocks were market leaders in 2023 and have been long-time outperformers. Here's a closer look at the group of mega-cap stocks.

Who were the best CEOs of 2023?

Who were the best CEOs of 2023?

Huang, Nadella and Alphabet's Sundar Pichai embraced AI and helped deliver huge returns for investors.

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International Business Times

AI Threatens To Turn The Service Economy Into A Winner-Take-All Game

The rapid deployment of Artificial Intelligence (AI) applications, computer systems that mimic human intelligence, could turn the service economy into a winner-take-everything game.

Alphabet (GOOGL) 2024 Stock Analysis: What Should Investors Expect?

With significant momentum in its business and a focus on making AI more helpful, what should investors expect from Alphabet Inc. (GOOGL) in 2024? Let’s look at its financial metrics to gauge its prospects….

Wall Street concludes 2023 with robust gains and record highs

Wall Street wraps up a year of remarkable gains as stocks hover near all-time highs. Tech giants fuel market growth, while investors anticipate Fed rate cuts.

Google Settles Billion Privacy Lawsuit, Breathing Sigh of Relief!

Google reaches a groundbreaking settlement of billion in a consumer privacy lawsuit, shaking up the tech world and raising questions about data protecti...

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International Business Times

Why The Magnificent Seven Rally Could Last For Many More Years

Though past performance isn't a guarantee for future performance, as the usual Wall Street disclaimer goes, there is a good reason to believe that the Magnificent Seven will continue to outperform the market for many more years.

The Conversation

Apple, Tesla and Nvidia were among 2023's 'magnificent seven' stocks – here's what to expect from them all in 2024

In the 1960 western The Magnificent Seven, a group of seven gunfighters protect a village from bandits. Only three survive to ride out of town at the end of the movie. The odds look much better for the seven tech companies recently dubbed the magnificent seven after dominating US stock…

These Are the Best and Worst FAANG Stocks for 2024, According to Wall Street

As we head into 2024, Wall Street analysts are the most bullish on Amazon in the FAANG space, while the consensus expects Netflix shares to decline over the next year. Here's a closer look at what experts are forecasting for FAANG names next year.

Multichannel News

YouTube to MVPDs: Thanks for the Lift

Pay TV integrations have helped the powerful video service thrive in the living room

If I Could Only Buy 1 Stock in 2024, This Would Be It

Alphabet’s dominance in the technology space, focus on innovation, and aggressive investment in various emerging technologies like AI position it well for long-term success.

GOOGL Stock Has Large Unusual Options Activity Today

Alphabet (GOOGL) stock is showing large unusual put option activity today based on a Barchart report. The puts are set to expire after Friday so it's probably due to short-term trading activity.

Finance leaders at OpenAI, Bumble, and Alphabet’s Wing on how they got doors to open throughout their careers

“To be an effective CFO, you have to be a lifelong learner," Shannon Nash, CFO at Wing said.

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