Alphabet Inc. (GOOG) closed the most recent trading day at $172.13, moving +1.13% from the previous trading session.
The Center of the Universe is getting less Googley.
Similar to how artificial intelligence (AI) investing has been one of the biggest market drivers over the past few years, quantum computing could be another massive investing wave. Considering that traditional computing has been around for a long time, and the first personal computer could have been purchased 50 years ago, quantum computing has the chance to be a generational investing trend if it takes the same amount of time to be implemented.
The House Judiciary Committee sent subpoenas to Alphabet, Meta, Amazon and other major tech companies seeking more information on their communications with foreign governments. The committee said it's concerned that foreign laws around online content "have limited Americans' access to lawful speech" in the U.S.
Google's "People Operations," its human relations division, is offering buyouts to U.S.-based employees. The company this week also laid off some employees in its cloud staff, planning to reinvest the savings as it hires in critical sales and engineering roles.
Waymo is logging more than 200,000 paid robotaxi rides every week, according to Alphabet CEO Sundar Pichai, who shared the stat about the tech giant's subsidiary on X.
The tech giant's co-founder said Google could reach an artificial general intelligence breakthrough if workers were in the office “at least” every weekday.
Google had job cuts that hit several teams this week, per an internal crowdsourced document. Staff in Cloud, ads, and Trust & Safety were among those affected.
CNBC's Deirdre Bosa reports on news regarding quantum computing.
Waymo's autonomous ridehailing service has proven viable and safe, with significant market potential and a competitive edge over traditional ridesharing services like Uber and Lyft. Waymo's strategic expansion along with its next-gen autonomous vehicle, position it for rapid growth. Analysts forecast Waymo's valuation could reach $350B to $850B by 2030, significantly enhancing Alphabet's shareholder value if spun off.
A Canadian regulator said on Wednesday it will impose a fee on Google to recover the cost of enforcing a law that requires large internet platforms to pay for news content on their websites.
Alphabet's Google cut employees in its cloud division, Bloomberg News reported on Wednesday, citing people familiar with the matter.