Google’s latest earnings call offered a familiar message: AI is driving growth and also getting more expensive. On Wednesday, Alphabet reported second-quarter revenue of $119.8 billion, up 24% from a year earlier, while Google Cloud posted another successful quarter as businesses rushed to adopt AI. At the same time, executives made clear that the company
Amazon must pay $1.5 billion to affected customers as part of its settlement with the FTC, and you have less than a week left to claim your share. The Federal Trade Commission sued Amazon in 2023, accusing the company of enrolling customers in Amazon Prime without their knowledge or consent and making it difficult for
Imagine earning almost an extra $100 billion and dedicating exactly one vague sentence to it. That’s exactly what Google’s parent company, Alphabet, did in its second quarter earnings report. The tech giant reported that its “other income” amounted to $98 billion in the second quarter, saying it came from unrealized gains on its investments. Analysts
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Tesla’s next earnings report will be released after the closing bell, and many of the usual topics are on investors’ collective radar, with one big addition: SpaceX. The second-quarter report, which will be released after the closing bell on Wednesday, is Tesla’s first since Elon Musk’s other big company went public last month. Expect analysts
OpenAI is pushing to build community support for a new data center planned in Georgia in an apparent effort to avoid the kind of backlash that is emerging against AI infrastructure projects across the United States. The ChatGPT maker on Wednesday revealed plans to build “Project Camellia,” an at least $20 billion data center campus