Tag: Alphabet

Google completes $2.6 billion Looker acquisition

(Reuters) — Alphabet-owned Google said on Thursday it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog. Google announced the cash deal in June, the first major acquisition for its new cloud business Chief Executive Officer Thomas Kurian. The deal aims to […]

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FTC orders Google, Amazon, Apple, Facebook, and Microsoft to reveal acquisition data

(Reuters) — Concerned that big tech companies are unfairly engaging in potential anti-competitive behavior, the Federal Trade Commission said on Tuesday it ordered Alphabet’s Google unit, Amazon.com, Apple, Facebook and Microsoft to provide information on mergers that were too small to report to antitrust regulators. The queries come as the Justice Department, the FTC, state […]

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YouTube revenue shows its potential as a standalone company

Alphabet reported its Q4 2019 financials yesterday, and the figures revealed the company’s worst fourth-quarter revenue growth in four years. But arguably the biggest highlight of the event was YouTube, as Google finally revealed its video-streaming subsidiary’s true value. YouTube garnered just north of $15 billion in ad revenue alone in 2019, an increase of […]

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Alphabet sees worst Q4 since 2015, breaks out YouTube ads for the first time

(Reuters) — Google-parent Alphabet’s worst fourth-quarter revenue growth since 2015 sent shares down nearly 5% on Monday, overshadowing the disclosure for the first time of YouTube advertising revenue. Revenue from Google’s cloud service rose 53% to $2.6 billion in the quarter and advertising on YouTube rose 31% to $4.7 billion. In addition, YouTube generated about […]

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AI Weekly: Calls for facial recognition moratorium highlight need for protection from surveillance tech

The debate over whether to ban or place moratoriums on the use of facial recognition started last year in cities like San Francisco, but the debate reignited this week when Alphabet and Google CEO Sundar Pichai said he’s open to a moratorium on facial recognition. “It [facial recognition regulation] can be immediate, but maybe there’s […]

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ProBeat: Why Google is really calling for AI regulation

On Sunday, the Financial Times published an op-ed penned by Sundar Pichai titled “Why Google thinks we need to regulate AI.” Whether he wrote it himself or merely signed off on it, Pichai clearly wants the world to know that as the CEO of Alphabet and Google, he believes AI is too important not to […]

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Google and Microsoft spar over EU plan to ban facial recognition

(Reuters) — The EU’s proposal for a temporary ban on facial recognition technology won backing from Alphabet Chief Executive Sundar Pichai on Monday but got a cool response from Microsoft President Brad Smith. While Pichai cited the possibility that the technology could be used for nefarious purposes as a reason for a moratorium, Smith said […]

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Google parent Alphabet is the fourth U.S. company to pass $1 trillion market cap

(Reuters) — As Google-parent Alphabet became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. Shares of the Internet search giant are up nearly 17% over the last […]

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