Google parent Alphabet posts first $100 bn quarter as AI drives growth
Google parent Alphabet reported its first-ever $100 billion quarterly revenue on Wednesday, powered by strong growth across its core search business and rapidly expanding cloud division that was buoyed by artificial intelligence. The tech giant’s revenues jumped 16 percent year-on-year to $102.3 billion in the third quarter, beating analyst expectations and marking a milestone for […]
Anthropic announces massive AI chip deal with Google
Artificial intelligence giant Anthropic said Thursday it was expanding its use of Google cloud computing and specialized chips in a deal worth tens of billions of dollars. The arrangement will include Anthropic buying as many as one million Tensor Processing Units (TPUs), which are integrated circuits custom-designed by Google, according to the San Francisco-based startup. […]
Record French fines for Google and Shein over cookies
France’s data protection authority on Wednesday issued record fines against search giant Google and fast-fashion platform Shein for failing to respect the law on internet cookies. The two groups, each with tens of millions of users in France, received two of the heaviest penalties ever imposed by the CNIL watchdog: 150 million euros ($175 million) […]
Jury tells Google to pay $425 mn over app privacy
A US federal jury on Wednesday ordered Google to pay about $425 million for gathering information from smartphone app use even when people opted for privacy settings, the company confirmed. “This case is about Google’s illegal interception of consumers’ private activity on consumer mobile applications (apps),” attorneys for the plaintiffs charged in a class action […]