Alphabet's Google One subscription service, which charges consumers for cloud storage and artificial intelligence features, recently crossed 150 million subscribers, the company told Reuters.
Duquesne Family Office, the firm run by billionaire investor Stanley Druckenmiller, offloaded its stake in Alphabet during the first quarter, according to a filing Thursdsay.
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Alphabet's Q1 revenue grew 12% YoY, with Google Cloud up 28%, though macroeconomic factors and AI investments are impacting free cash flow and analyst estimates. Derived from a DCF model and backed by a relative valuation, my Fair Value estimate is $193.4, about 23% potential upside from the current price ($157). Risks include trade war, DOJ accusations and Google Search competition, but even in a pessimistic scenario Fair Value would be $165.
Waymo issued a software recall for more than 1,200 robotaxis, a NHTSA report said. The recall was in response to several incidents where Waymo's cars collided with "chains or gates.
Waymo issued a software recall on 1,200 self-driving vehicles after some of its robotaxis were involved in minor collisions with gates, chains, and other gate-like roadway objects.
At least 16 cases of Waymo self-driving vehicles colliding with roadway barriers have been reported.
Google has been the premier search product in the world since 2000, when its market share soared.
Google is navigating the AI era well, and they have the right ecosystem to thrive as advances continue. Waymo's driverless rides have surged, now providing over 250 thousand weekly rides, with expansion plans in Atlanta, Miami, and Washington, D.C. Despite potential risks from AI competitors, regulation, and tariffs, GOOG's search revenue remains robust, and a sum-of-the-parts valuation suggests the stock is a 'Buy' for long-term investors.
Google unveiled the biggest update to its Android mobile operating system in years, weeks before its biggest competitor in the space, Apple Inc., is expected to give a preview of its overhauled iPhone software.
YouTube will stream the Week 1 Friday game between the Kansas City Chiefs and the Los Angeles Chargers for free. No NFL game has ever been streamed on YouTube for free in its entirety before.