The deal — to be signed Tuesday — comes after "a year of intense discussions and relentless effort," and "is just the beginning," said Minister for Human Resources Development of Andhra Pradesh. Tech companies have been heavily investing in data centers to meet the computational needs of the AI boom.
Google's investment in South Carolina will go toward scaling up its Berkeley County data center campus, supporting construction, energy affordability and workforce training programs.
Alphabet Inc (NASDAQ:GOOG) third-quarter update later this month is shaping up to be another test of how fast the tech giant can turn its artificial intelligence ambitions into hard cash. Citi expects the numbers on October 29 to beat Wall Street's forecasts, helped by steady advertising growth and strong demand for Google Cloud services.
Alphabet NASDAQ: GOOGL has reasserted its dominance in the global technology landscape, emerging from a period of competitive and regulatory turbulence stronger than ever.
Alphabet-owned Google on Monday said it would be "extremely difficult" for Australia to enforce a law prohibiting people younger than 16 from using social media, warning that the government's initiative would not make children safer online.
The tech giant is trying to have it both ways in regard to how its search business will fare.
The United Kingdom's Competition and Markets Authority (CMA) on Friday designated Google with a special status in the market for online search that would enable the regulator to enforce stricter regulations.
Google has warned the UK against imposing "onerous" and costly regulations after the competition watchdog ruled it had "strategic market status" for its search services.
Britain's competition regulator activated new powers to regulate Google's search activities, putting the tech giant in the firing line for further regulation.
Britain on Friday designated Google with "strategic market status" in online search, the first time it has deployed new powers to tackle the dominance of big tech and paving the way for interventions it deems necessary.
Google has unveiled a new AI platform, Gemini Enterprise, targeting the growing enterprise AI productivity tools market. The company said the platform is designed to help businesses automate complex tasks and generate content, integrating a range of AI capabilities into a single interface for employees across departments.
With the launch of Gemini Enterprise, Google is betting that easy-to-build AI ‘agents' are the key to unlocking the corporate market and boosting its stock