Despite robust performance during the first two quarters, Alphabet (NASDAQ: GOOG) stock has risen only 5% this year, trailing behind the S&P 500's 9% growth. A significant reason for this underperformance is the ongoing lawsuit that might compel Google to divest certain assets.
Google has signed a six-year cloud computing deal with Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) valued at more than $10 billion, according to a source cited by Reuters. The agreement will see Meta use Google Cloud's servers, networking and storage as it races to expand its artificial intelligence capabilities.
Meta has made a cloud computing deal with Google worth more than $10 billion over the course of six years, a source close to the transaction told AFP Thursday.
Google won a $10 billion cloud contract from Meta spanning six years, according to two people familiar with the matter. Meta has largely been reliant on Amazon Web Services for cloud infrastructure though it also uses Microsoft Azure.
Google has struck a major cloud computing deal worth more than $10 billion with Meta Platforms , The Information reported on Thursday, citing two people familiar with the matter.
Google will provide its Gemini artificial intelligence tools to US federal agencies practically free, the government announced Thursday.
Google is replacing its nearly decade-old Google Assistant with a chatbot that is smarter and more intuitive, powered by the company's most advanced artificial intelligence model, Gemini.
After another buy earlier this month, Alphabet Inc. remains the third-largest investment holding in my portfolio. The tech giant has numerous catalysts to unlock further growth and create more value for shareholders. Google's massive net cash and marketable securities position gives it flexibility on the M&A and share repurchase fronts.
As part of its Made by Google event hosted by Jimmy Fallon, the company revealed an upgraded Pixel 10 lineup, a bubblier smartwatch with a brighter screen, and a ton of AI updates that extend across all of its new devices, plus a laundry list of celebrity guests including Steph Curry, Alex Cooper, and the Jonas Brothers. Here's everything that was announced at the Made by Google 2025 event.
Alphabet Inc.'s Google introduced new consumer gadgets, including smartphones, a watch, and wireless earbuds at their "Made By Google 2025" event in New York. The new lineup of Pixel phones starts at $800.
Google on Wednesday unveiled a new line-up of Pixel smartphones injected with another dose of artificial intelligence that's designed to do everything from fetch vital information stored on the devices to help improve photos as they're being taken.
Google launched its new family of smartphones Wednesday. The company said the Pixel 10 series comes with new artificial intelligence features that let users do multiple tasks at the same time.