Alphabet shares rose more than 3% in early trading as the Google parent’s earnings underscored a key message to investors: AI spending is climbing, but so are the returns.
Read More Alphabet jumps as AI-driven spending fuels cloud revenue surge
Tag: meta
Trial begins as Meta investors, Zuckerberg square off over alleged privacy violations
An $8 billion trial by Meta shareholders against Mark Zuckerberg and other current and former company leaders kicked off over claims they illegally harvested the data of Facebook users.
Read More Trial begins as Meta investors, Zuckerberg square off over alleged privacy violations
Microsoft to cut about 4% of jobs amid hefty AI bets
The company, which had about 228,000 employees worldwide as of June 2024, had announced layoffs in May, affecting around 6,000 workers.
Read More Microsoft to cut about 4% of jobs amid hefty AI bets
OpenAI to continue working with Scale AI after Meta deal
OpenAI plans to continue working with Scale AI after rival Meta agreed to take a 49% stake in the artificial intelligence startup for $14.8 billion
Read More OpenAI to continue working with Scale AI after Meta deal
Trump rejects $15M Paramount settlement offer stemming from ‘60 Minutes’ Kamala Harris lawsuit
President Donald Trump has rejected Paramount Global’s recent $15 million settlement offer, demanding an apology from CBS News for interfering in the 2024 presidential election.
Read More Trump rejects $15M Paramount settlement offer stemming from ‘60 Minutes’ Kamala Harris lawsuit
Gov. Abbott signs online safety law, delivering setback to Apple and Google
Texas Governor Greg Abbott has signed an online child safety bill that will require Google and Apple to verify phone users’ age to sign into the app store.
Read More Gov. Abbott signs online safety law, delivering setback to Apple and Google