Alphabet jumps 6% on Q3 earnings as CEO says AI bet is ‘paying off’
Alphabet and Google CEO Sundar Pichai said its AI business is “paying off” as the tech giant’s share price surged after the bell as it beat Wall Street estimates. This post was originally published on this site
Apple, Google to use AI to maintain dominance — Cathie Wood’s ARK Invest
ARK Invest’s chief futurist has questioned whether Apple and Google would manage to introduce performant AI features with their current AI strategies.This post was originally published on this site
How Big Tech handles privacy and governments’ data demands
When privacy is at stake, how do tech leaders respond to government demands? Take a look at the tactics of the Big Five.This post was originally published on this site
‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%. This post was originally published on this site
Google parent Alphabet profit surges 29% in Q2 amid AI splurge
The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business. This post was originally published on this site
From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized Equities
Backed, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and […]
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, […]
Google feels the bear market as crypto ad revenues slip since July
Alphabet’s revenue from Google advertising was down in Q3 2022, with decreased search spending from financial services and cryptocurrency subcategories highlighted. This post was originally published on this site