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Tag: Alphabet

US' Alphabet commits $75bn to AI, despite tariff concerns
News

US’ Alphabet commits $75bn to AI, despite tariff concerns

Alphabet Inc. has reiterated its commitment to spending $75 billion this year to expand its data center infrastructure and power its artificial intelligence ambitions, despite growing market unease over United States trade tariffs and the rising costs of advanced technology. Speaking at Google Cloud’s annual conference on Wednesday, CEO Sundar Pichai made a rare appearance […]

Google's Alphabet cuts 90% stake in trading app Robinhood
Tech

Google’s Alphabet cuts 90% stake in trading app Robinhood

The parent company of Google, Alphabet has made a pivot, slashing its stake in Robinhood Markets by nearly 90%. This move comes on the heels of Robinhood’s recent announcement of its maiden profit as a public entity. Robinhood, once the shining star of fintech during the pandemic, captured the attention of retail traders with its […]

Alphabet lays off staff at mapping platform Waze
News

Alphabet lays off staff at mapping platform Waze

  Alphabet on Tuesday said that it is laying off staff at the navigation software Waze as it integrates Google Ads technology with the app’s advertising system. “In order to create a better, more seamless long-term experience for Waze advertisers, we’ve begun transitioning Waze’s existing advertising system to Google Ads technology. As part of this […]

Image of Alphabet and Google
Business

Taiwanese media to get Google’s $9.8m fund

Google’s parent company, Alphabet, said on Wednesday that Taiwanese media would get a $9.8 million fund over the next three years to boost its media operations and digital competitiveness. According to Reuters, although not in Taiwan, Google has come under pressure in some countries to pay news publishers for their content on its platform. The […]

Alphabet's self driving cars Waymo
Business

Alphabet’s Waymo lays off additional 137 workers

Google’s parent company, Alphabet, has laid off 137 workers in its self-driving technology unit, Waymo, making this the second round of job cuts in 2023. The firm told Reuters this on Wednesday. The layoff has affected about eight percent of Waymo’s  workforce or 209 employees from January till date. Reuters reported that concerns have been […]