Google is letting users sign into their accounts by taking videos of themselves. “Selfie video is a new way to get into your account, giving you more options if you're ever locked out or don't have access to your usual phone or computer,” the tech giant wrote in a Thursday (July 23) blog post.
The artificial intelligence arms race has entered a new phase.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) shares are taking several backward steps after reporting some pretty strong quarterly earnings results.
Alphabet reported strong Q2 results, with 24% YoY revenue growth and a 300% YoY net income surge. Despite a post-earnings sell-off driven by rising AI CapEx and negative free cash flow, I view this as a buying opportunity. GOOGL's aggressive AI and cloud investments are strategic loss leaders, deepening user entrenchment and expanding its moat.
Alphabet's Google has been fined a combined €890 million ($1 billion) by European Union regulators for violating landmark digital competition rules, even as Brussels acknowledged the company has made significant progress toward complying with the bloc's new antitrust framework. The penalties, announced on Thursday under the Digital Markets Act, target GOOG treatment of rivals in its search engine and app marketplace, reinforcing the EU's determination to curb the market power of large technology companies despite growing political pressure from the United States.
Google's fine was the latest major crackdown on Big Tech by Brussels, which has led the world in reining in some of the world's largest companies from Silicon Valley to Beijing.
Alphabet's Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said.
Alphabet Inc (NASDAQ:GOOG) shares fell almost 3% after hours, wiping almost $125 billion from its valuation, despite second-quarter results that beat Wall Street forecasts on both revenue and earnings. The Google parent reported revenue of $119.8 billion and earnings per share of $9.11, against analyst expectations of $116.9 billion.
Google search is growing, and a major reason is AI. Sundar Pichai said AI has driven growth in search queries, and search revenue has increased by 17%.
Shares of Alphabet and Tesla dipped on Wednesday after the companies reported massive spending increases in their quarterly earnings reports. It's a potentially ominous sign for the rest of the tech megacaps as earnings season begins.
Alphabet Inc. (GOOGL) Q2 2026 Earnings Call Transcript
Google reported blockbuster second-quarter revenue of $119.8 billion, up 24% from a year earlier. Google sent a message about AI spending as Gemini hit a new milestone.