Investors don’t appear to be thrilled with the shakeup in the ranks of Alphabet’s top AI minds. The stock dropped as much as 6% on Wednesday after news broke that DeepMind CEO Demis Hassabis will assume an expanded role at Alphabet. It’s a momentous shift for the trajectory of an exec who had recently been
SpaceX has been on a slide since hitting a $2 trillion valuation milestone at its June IPO, shedding close to $500 billion in market cap from its peak. Tuesday was its first-ever earnings report as a publicly listed company and a fresh chance for CEO Elon Musk to hype the stock and turn that frown
If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. Midway through the 2026 season, the league enters the 22nd edition of the WNBA All-Star Game. The best and brightest players, including Caitlin Clark, Paige Bueckers, Allisha Gray, Olivia Miles, Angel Reese, Breanna Stewart,
Alphabet investors have publicly worried that the company’s huge AI spending isn’t worth it. With the company’s latest earnings report, those investors should be able to relax a bit. The bottom line: Google’s cloud business, driven largely by the adoption of enterprise AI, is booming. The search giant saw Google Cloud revenue increase 82% from
Almost every major capital spending boom during the past 200 years has ended in bankruptcies, consolidations, and tears—but also wins for the victors. The late 1990s buildout of fiber-optic networks, in which companies spent billions to pull dark fiber across continents and under oceans, saw borrowers like WorldCom, Global Crossing, and others go under. The
