Google says its search function is not dead, but thriving. In an earnings conference call on Wednesday, Alphabet CEO Sundar Pichai said Google’s AI-powered features, such as AI overviews and AI mode, were driving growth in search queries. Pichai said he saw this in full effect during the FIFA World Cup that began in June
Nearly 200 Silicon Valley companies, including Proton and Y Combinator, are urging the Trump administration not to cut off access to open-source Chinese AI models or risk crippling the next generation of American startups. On Wednesday, the newly formed Little Tech Association sent letters to President Donald Trump, Commerce Secretary Howard Lutnick and other members
The bill for Google’s AI overspending is yet to come. Google said Wednesday that its second-quarter free cash flow turned negative by $5.9 billion, as the company’s capital spending continues to rise. It’s the first time the company has reported negative free cash flow in decades, according to AlphaSense, a sign of how much money
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
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
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