Alphabet Inc. $GOOGL, the parent company of Google, has formalized a historic agreement with the Chilean government to construct a 14,800-kilometer (9,196-mile) submarine data cable across the Pacific Ocean. Announced on Wednesday, this infrastructure project aims to connect Chile with Australia and Asia, with an operational target set for 2027.
A Los Angeles judge recently rejected Walt Disney Company’s $DIS petition for a preliminary injunction and temporary restraining order aimed at preventing former senior executive Justin Connolly from joining Alphabet Inc. $GOOGL and its YouTube subsidiary. This legal development follows Disney’s lawsuit filed last month in California state court, accusing Alphabet of contract breach, unfair competition, and tortious interference related to Connolly’s appointment.
Alphabet Inc. $GOOGL, the parent company of Google, has reached a preliminary settlement in a shareholder lawsuit accusing the tech giant of failing to adequately oversee antitrust risks. According to legal filings submitted late Friday, Alphabet has agreed to spend $500 million over ten years to restructure and reinforce its compliance and governance mechanisms.
Anthropic, a leading San Francisco-based artificial intelligence developer backed by Alphabet Inc. $GOOGL and Amazon.com Inc. $AMZN, has reached an estimated $3 billion in annualized revenue, according to sources familiar with the company’s sales metrics. This surge underscores the growing commercial viability of generative AI tools, particularly in the enterprise sector, where code generation and software automation are seeing accelerated adoption.
Moltiply Group, an Italian company known for managing the popular price comparison website Trovaprezzi.it, has launched a legal battle against Alphabet Inc. $GOOGL, the parent company of Google. The lawsuit, filed last Friday, demands compensation amounting to €2.97 billion ($3.34 billion), citing abuses of market dominance in the European Union. This case emerges after a prior ruling by the European Court, which had already acknowledged Google's monopolistic behavior in online search and advertising markets.
The United States Federal Trade Commission (FTC) recently weighed in on the U.S. Department of Justice's (DOJ) proposal to compel Alphabet Inc. $GOOGL, the parent company of Google, to share its search data with competitors. This move is part of broader regulatory actions aimed at addressing allegations that Google holds an illegal monopoly in the online search market. If approved, this could significantly alter the competitive dynamics in the industry while raising important questions about user privacy and data protection.
Alphabet’s $GOOGL autonomous vehicle subsidiary, Waymo, is continuing its ambitious journey into the self-driving car market. In a recent announcement, the company revealed plans to begin production of autonomous vehicles using its cutting-edge technology, featuring the Jaguar I-PACE and Zeekr models $JAG.TO . This new phase of Waymo's expansion, in partnership with Canadian automotive parts supplier Magna International $MG.TO, marks a significant step in advancing the development of autonomous vehicles (AVs). Set to commence production at a new facility in Arizona later this year, this venture signals Waymo's ongoing commitment to revolutionizing the transportation sector despite the hurdles faced by the autonomous vehicle industry.
Alphabet $GOOGL experienced a notable surge of approximately 3% last Friday after its earnings report revealed that bold investments in artificial intelligence are boosting the company’s core advertising revenue. This development comes amid evolving market conditions and heightened scrutiny of digital ad spending, reflecting a dynamic shift in the competitive landscape.
The parent company of Google, Alphabet $GOOGL, has announced its earnings for the first quarter of 2025, surpassing Wall Street's expectations. Additionally, Alphabet has unveiled a stock buyback program worth $70 billion, which has captured the attention of investors.
Adobe $ADBE has announced an ambitious enhancement to its creative suite by integrating advanced AI image-generation models into its Firefly platform. The latest update marks a significant evolution in Adobe’s strategy, which has long been a leader in digital art with flagship applications such as Photoshop and Premiere. Building on its previous commitment to incorporate third-party models, Adobe now enables Firefly users to leverage a diverse set of tools for creating and enhancing digital imagery.
Alphabet $GOOGL has once again found itself under the spotlight of financial and legal analysts. After U.S. District Judge Leonie Brinkema issued a ruling that found the tech giant guilty of deliberately acquiring and maintaining monopolistic power in the advertising server and exchange markets, Alphabet is set to appeal the "unfavorable" portion of the decision. This development is particularly significant amid ongoing antitrust scrutiny and fierce competition in the digital advertising arena.
A recent court decision in the United States has once again put Alphabet $GOOGL, Google’s parent company, firmly under the global financial spotlight. U.S. District Judge Leonie Brinkema in Virginia found Google guilty of unlawfully acquiring and maintaining monopoly power in two critical online advertising markets: publisher ad servers and ad exchanges that connect ad buyers and online platforms. This ruling intensifies pressure on the tech giant, setting a powerful legal precedent for further antitrust action.
