Google stock surges as tech giant announces first cash dividend for investors
7 months, 4 weeks ago

Google stock surges as tech giant announces first cash dividend for investors

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The stock price of Alphabet surged about 16 per cent on Thursday after the parent company of Google released its quarterly earnings report and announced a cash dividend for investors. “Our results in the first quarter reflect strong performance from search, YouTube and cloud,” the company’s chief executive Sundar Pichai said, adding that Google’s artificial intelligence offerings came as a boon to its core business. Tech titans pledge to eradicate AI child exploitative content Mr Pichai said a substantial part of Google’s revenue gains could be attributed to its new AI ambitions. “Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.” AI is already fueling the growth of Google’s cloud computing division whose quarterly revenue surged by about 30 per cent from last year to $9.57bn.

Tech Google Ai Indytech Pichai  pichai  indytech  cloud  googles  newsletter  tech  quarter  investors  cash  google  giant  surges  stock  surged  dividend  sign  cent  announces  ai

History of this topic

Google forges ahead with its next generation of AI technology while fending off a breakup threat
1 week, 5 days ago

Google forges ahead with its next generation of AI technology while fending off a breakup threat

Associated Press  

SAN FRANCISCO — Google on Wednesday unleashed another wave of artificial intelligence designed to tackle more of the work and thinking done by humans as it tries to stay on the technology’s cutting edge while also trying to fend off regulatory threats to its empire. Google is framing its release of Gemini 2.0 as a springboard for AI agents built …

Google’s corporate parent still prospering amid shift injecting more AI technology in search
5 months ago

Google’s corporate parent still prospering amid shift injecting more AI technology in search

Associated Press  

SAN FRANCISCO — Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet’s success. That division, Google’s fastest growing segment, …

What Sundar Pichai said on leadership and Google's ‘AI era’: ‘Secure, reliable, and efficient’
7 months, 3 weeks ago

What Sundar Pichai said on leadership and Google's ‘AI era’: ‘Secure, reliable, and efficient’

Hindustan Times  

Google has been doing it all in the “AI era” to way stay ahead of its competitors as artificial intelligence is now present almost everywhere, becoming an almost indispensable part of our lives. Google CEO Sundar Pichai said, "We have the best infrastructure for the AI era. Google CEO Sundar Pichai talked about leadership and AI's role in the company. …

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
7 months, 4 weeks ago

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend

Associated Press  

Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago. …

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’
8 months, 2 weeks ago

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’

Hindustan Times  

Google CEO Sundar Pichai said that in the fourth quarter of 2023 Google Cloud was at a $36 billion annual revenue run rate. At the Google Cloud Next event, Sundar Pichai said that Google Cloud is showing progress owing to deep investments that the company has made in Artificial Intelligence. Google and Alphabet Inc. CEO Sundar Pichai talked about the …

Google plans to charge for AI-powered search engine: Report
8 months, 2 weeks ago

Google plans to charge for AI-powered search engine: Report

The Hindu  

Alphabet's Google is considering charging for premium features on its generative AI-powered search engine, the Financial Times reported on Wednesday, citing people familiar with the plan. The tech giant is looking at a variety of options, including incorporating AI-powered search features to its premium subscription services, which already provide access to its new Gemini AI assistant in Gmail and Docs, …

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024
10 months, 3 weeks ago

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024

Firstpost  

Google spent a substantial $2.1 billion on severance packages and associated costs while downsizing its workforce by over 12,000 employees throughout 2023, as per a report by The Verge. Key contributors to this growth were Google’s core digital advertising and cloud computing businesses, which demonstrated consistent expansion, attributed by CEO Sundar Pichai to investments in generative AI. Despite the layoffs, …

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
10 months, 3 weeks ago

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%

Live Mint  

Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year. "Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from global central banks," said Thomas Monteiro, an …

Google made $77 billion in July-September this year, but investors are unhappy. Here’s why
1 year, 1 month ago

Google made $77 billion in July-September this year, but investors are unhappy. Here’s why

Firstpost  

Google exceeded their revenue expectations from its search and ad businesses between July-September this year. However, their cloud services fell short, with an operating income of $266 million, against a projection of $434 million Google’s parent company Alphabet made a pretty sizeable $77 billion between the months of July-September this year. The company’s search advertising segment also performed well, bringing …

As Google turns 25, CEO Sundar Pichai pushes for search and AI evolution
1 year, 3 months ago

As Google turns 25, CEO Sundar Pichai pushes for search and AI evolution

The Hindu  

Just as Google prepares to officially turn 25 on September 27, CEO Sundar Pichai affirmed search would continue to be the core of the company’s mission, and that there was much more to be done with it and AI. As Google also races to develop Bard, it has been accused of stealing personal data and creative works from users for …

Google unveils AI tools for enterprise customers at $30 a month
1 year, 3 months ago

Google unveils AI tools for enterprise customers at $30 a month

The Hindu  

Google on Tuesday made its artificial intelligence-powered tools available to enterprise customers at a monthly price of $30 per user, as the Alphabet-owned firm looks to cash in on the technology's surge in popularity this year. Google has intensified investments in generative AI this year as it plays catch-up after Microsoft-backed OpenAI's launch of ChatGPT last year took the tech …

Google shares surge 5% on AI announcement
1 year, 7 months ago

Google shares surge 5% on AI announcement

Live Mint  

Shares of Alphabet surged around 5% Wednesday after the company made a slew of announcements on artificial intelligence at its I/O developer conference, leading to an overnight surge of $82 billion in its value. Google announced that it is rolling out more artificial intelligence for its core search product and also offered a new version of its namesake engine. The …

Google, Microsoft top expectations as AI rivalry heats up
1 year, 7 months ago

Google, Microsoft top expectations as AI rivalry heats up

Live Mint  

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. "We'll continue to incorporate generative AI advances to make search better in a thoughtful and deliberate way," Google chief Sundar Pichai said during …

Google shares drop $100 billion after its new AI chatbot makes a mistake
1 year, 10 months ago

Google shares drop $100 billion after its new AI chatbot makes a mistake

NPR  

Google shares drop $100 billion after its new AI chatbot makes a mistake Enlarge this image toggle caption Dan Kitwood/Getty Images Dan Kitwood/Getty Images Google's parent company, Alphabet, lost $100 billion in market value on Wednesday after its new artificial intelligence technology produced a factual error in its first demo. In the fateful ad that ran on Google's Twitter feed …

Google shares tank 8% as AI chatbot Bard flubs answer in ad
1 year, 10 months ago

Google shares tank 8% as AI chatbot Bard flubs answer in ad

Al Jazeera  

Shares of Google’s parent company lost more than $100bn after its Bard chatbot Shares of Google’s parent company lost more than $100bn in market value on Wednesday after its Bard chatbot Reuters was the first to point out the error in Google’s The tech giant posted a short GIF video of Bard in action via Twitter, describing the chatbot as …

Discover Related