Tag: Alphabet

Alphabet to set a new record as investors happy with Google’s AI progress
11Apr By adminNo Comments
Technology

Alphabet to set a new record as investors happy with Google’s AI progress

[ad_1] Investors are becoming more optimistic about Alphabet Inc.'s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling.  The stock is heading back toward what would be a record $2 trillion market value — a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp. in the United States. It has rallied back from last month's low, when the shares dropped on concerns the company was falling behind in AI.  Google eyes enterprise-ready AI solutions  Using this week's cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month's earnings and a developer's conference in May. While Alphabet's path to AI monetization is still seen as cloudy, the st...
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Apple retreats in fight to defend App Store in Europe
13Mar By adminNo Comments
Technology

Apple retreats in fight to defend App Store in Europe

[ad_1] Apple made a major concession in its battle to protect the dominance of its App Store on iPhones and other devices in Europe on Tuesday, saying developers will be free to distribute their apps directly to consumers.Apple announced the changes to comply with the European Union's Digital Markets Act (DMA), which kicked in last week. The changes could dent the high profit margins and steady stream of revenue that Apple has come to rely on from its App store, where it charges developers fees of up to 30%. The changes, which affect only the European Union, come amid continuing criticism from rivals that Apple's compliance efforts are falling short. Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own web...
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Billionaire Elon Musk’s X could face EU’s digital dominance crackdown
3Mar By adminNo Comments
Technology

Billionaire Elon Musk’s X could face EU’s digital dominance crackdown

[ad_1] Elon Musk's social media platform X could face a raft of new European Union rules that place curbs on the behavior of some of the world's largest technology firms, after the company told regulators it may meet criteria to fall under the scope of the bloc's Digital Markets Act. The DMA, set to take effect on Thursday, lays out a series of dos and don'ts for the likes of Alphabet Inc.'s Google Search, Apple's Safari, Amazon.com Inc. and Meta Platforms Inc.'s Facebook among others. It could also be applied to Musk's X, as well as Booking Holdings Inc.'s accommodation platform and ByteDance Ltd., the European Commission said late Friday.   The DMA is intended to head off competition violations by tech firms before they take root. It will be applied to firms with a significant impact ...
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Google, Facebook take bigger share of ad spending, but economic slowdown could hurt growth
9Feb By adminNo Comments
Technology

Google, Facebook take bigger share of ad spending, but economic slowdown could hurt growth

[ad_1]  Weak results from Google, Snap and other big sellers of online ads are raising concerns that Wall Street's optimistic growth forecasts are setting investors up for rude surprise this year.Google, which dominates the $270 billion digital advertising sector, recently disappointed Wall Street when its 8.9% fourth-quarter ad revenue growth fell short of expectations. Snap, which owns social media app Snapchat and also relies heavily on advertising dollars, reported discouraging revenue for its most recent quarter. The misses have raised concerns that Wall Street's forecast of up to 14% growth in digital advertising in 2024 may be too rosy. “Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from gl...
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Google layoffs: Tech titan eliminates hundreds of jobs in ad team tweak
17Jan By adminNo Comments
Technology

Google layoffs: Tech titan eliminates hundreds of jobs in ad team tweak

[ad_1] Google layoffs: The Alphabet-owned company on Tuesday confirmed it is eliminating "a few hundred" positions from its global ad team, amid a push to use artificial intelligence for efficiency and creativity. The job cuts to its "large customer" sales team are intended to result in better support for small and medium size businesses advertising on Google's platform, according to the internet giant.Expansion of small business ad teams at Google was expected by the company to result in increased hiring this year. Google made no mention of generative AI, which is disrupting many sectors including advertising. Also read: Samsung Galaxy Unpacked LIVE Updates: Samsung to unveil flagship Galaxy S24 series, Galaxy AI, and moreLast week, Google's cloud computing unit announced new AI tools ...
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Govt Asks Apple to Remove Crypto Apps Including Binance From Local App Store
10Jan By adminNo Comments
Technology

Govt Asks Apple to Remove Crypto Apps Including Binance From Local App Store

[ad_1] The Indian government stepped up its crackdown on offshore crypto exchanges operating without local registrations, asking Apple Inc. to take the apps of platforms including Binance off its App Store in the country. Bitfinex, HTX and Kucoin are among eight exchanges whose apps are no longer available on the App Store in India. They were removed on directions from the Ministry of Electronics and Information Technology, according to people with knowledge of the matter who asked not to be identified because the request isn't public. The move marks a significant escalation of India's clampdown on offshore crypto platforms like Binance, which started Dec. 28 when authorities notified nine exchanges that they are suspected of misconduct. Indian crypto traders had already began moving de...
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Sam Altman-led OpenAI Launches New Store For Users to Share Custom ChatGPT Chatbots
10Jan By adminNo Comments
Technology

Sam Altman-led OpenAI Launches New Store For Users to Share Custom ChatGPT Chatbots

[ad_1] CEO Sam Altman-led OpenAI has launched an online store where people can share customized versions of the company's popular ChatGPT chatbot, after initially delaying the rollout because of leadership upheaval last year. The new store, which rolled out Wednesday to paid ChatGPT users, will corral the chatbots that users create for a variety of tasks, for example a version of ChatGPT that can teach math to a child or come up with colorful cocktail recipes. The product, called the GPT Store, will include chatbots that users have chosen to share publicly. It will eventually introduce ways for people to make money from their creations — much as they might through the app stores of Apple Inc. or Alphabet Inc.'s Google.Similar to those app stores, OpenAI's GPT Store will let users see th...
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Google Search Data Technique Used by Police Draws New Legal Challenge
6Jan By adminNo Comments
Technology

Google Search Data Technique Used by Police Draws New Legal Challenge

[ad_1] Civil liberties advocates are mounting a new challenge to the use by police of Google search data for help solving criminal cases, as the practice draws greater scrutiny nationwide. After a Pennsylvania woman was raped in 2016, police submitted a search warrant to Alphabet's Google for information about users who had typed the victim's name or address into the search engine in the week leading up to the attack, according to court papers. Google responded with the IP address of a user who had searched for the victim's address twice shortly before the incident, court papers show. That breakthrough prompted police to begin monitoring a corrections officer, who was ultimately arrested and convicted.On Friday, the Electronic Frontier Foundation, the National Association of Criminal De...
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Alphabet to limit election queries Bard and AI-based search can answer
20Dec By adminNo Comments
Technology

Alphabet to limit election queries Bard and AI-based search can answer

[ad_1] Alphabet's Google said on Tuesday it will restrict the types of election-related queries its chatbot Bard and search generative experience can return responses for, in the run up to 2024 U.S. Presidential election. The restrictions are set to be enforced by early 2024, the company said. Aside from the U.S., a slew of groundbreaking elections are expected in 2024, including national elections in India, the world's largest democracy, and South Africa, among others. The tech giant said it will "work with an increased focus on the role artificial intelligence (AI) might play" as it looks to service voters and campaigns related to these elections. Facebook-owner Meta had also said in November it is barring political campaigns and advertisers in other regulated industries from using ...
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Alphabet Needs to Show Path to AI Sales in Race With Microsoft
15Dec By adminNo Comments
Technology

Alphabet Needs to Show Path to AI Sales in Race With Microsoft

[ad_1] Alphabet Inc. just got a reminder of how important the perception of having a winning AI strategy is for investors.The Google owner added $87 billion in market value in a single day last week after showing off the capabilities of its Gemini large language model, which it claims can rival OpenAI's ChatGPT. To sustain those gains, tech “The whole business model depends on getting this right,” said Gene Munster, co-founder and managing partner at Deepwater Asset Management, whose firm holds the stock. “If they can nail multi-modal generative AI, that will draw usage to Google, and that increased usage will protect and grow the search business.” Shares of Alphabet rose 0.5% on Thursday.Alphabet has been dogged all year by concerns it has fallen behind Microsoft Corp. in the AI race. ...
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