An AI start-up which claims to act as an 'immune system' for software has landed $17m (£12.6m) in initial funding from backers including the ventures arm of Alphabet-owned Google.
Google and nuclear start-up Kairos Power will build a 50 megawatt reactor in Tennessee by 2030 in partnership with the Tennessee Valley Authority. The Hermes 2 project will supply enough electricity for about 36,000 homes, with TVA agreeing to buy the output under a long-term contract.
Google, Kairos Power, and the Tennessee Valley Authority have agreed to supply 50 megawatts of nuclear power to data centers in Tennessee and Alabama.
Google will pay $30 million to settle a class action lawsuit claiming it violated children's privacy on YouTube, per Reuters.
Alphabet unit Google said on Tuesday it will make it easier for app developers to steer customers to channels other than Google after the European Union competition watchdog charged it with breaching EU regulations.
Google has agreed to pay an Aus$55 million (US$36 million) penalty for striking "anti-competitive" deals to pre-install only its own search engine on Android mobile phones sold by two leading Australian telecoms firms.
The Investment Committee give you their top stocks to watch for the second half.
Australia's competition regulator said on Monday it has begun proceedings against Alphabet's Google over its past deals with telecom operators Telstra and Optus for the pre-installation of Google Search on Android mobile phones.
Alphabet demonstrated stellar performance in Q2 across all of its segments, despite skepticism around the company. Google Cloud's rapid growth and improving profitability are driving Alphabet's future earnings potential, with a $108.2B backlog supporting long-term revenue visibility. Alphabet's valuation remains notably low versus peers, despite strong revenue and earnings growth, trading at a forward P/E of just 19.9.
A federal judge ruled that Google illegally maintains a monopoly in online search and ad markets. A court will this month decide on a remedy, which could force Google to sell Chrome.
Alphabet has taken an 8% stake in bitcoin miner and AI-computing company TeraWulf.