Jan 12 (Reuters) – Alphabet hit a $4 trillion market valuation on Monday, as the Google parent’s sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race. The tech giant on Wednesday surpassed Apple in market capitalization for the first time since 2019, becoming the … Read more
Since ChatGPT proved a consumer hit, a gold rush has set off for AI in Silicon Valley. Investors are intrigued by companies promising generative AI will transform the world, and companies seek workers with the skills to bring them into the future. The frenzy may be cooling down in 2024, but AI skills are still … Read more
Google parent Alphabet on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters. The world’s largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people … Read more
Intel and Alphabet’s Google Cloud on Wednesday said they have worked together to create a new category of chip that Intel hopes will become a major seller in the booming cloud computing market. The new chip, which is called Mount Evans and will be sold to others beyond Google, reflects the way that cloud computing providers … Read more
In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to. It turned down the client’s idea after weeks of internal discussions, deeming the project too ethically dicey because the AI technology could perpetuate biases like those around race and gender. Since early … Read more
In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to. It turned down the client’s idea after weeks of internal discussions, deeming the project too ethically dicey because the AI technology could perpetuate biases like those around race and gender. Since early … Read more
Microsoft posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services. Shares ticked up 0.7 percent after Microsoft projected that growth in its Azure cloud computing business will … Read more
Nokia on Thursday partnered with Alphabet’s Google Cloud unit to build 5G core network infrastructure and allow business customers to offer services such as smart retail and automated manufacturing. Cloud computing units of big technology companies such as Microsoft and Amazon are also tying up with telecoms vendors ahead of deployment of 5G infrastructure to … Read more