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The Latest Breaking News from Alphabet

Google Parent to Lay Off 12,000 Workers

Alphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo shared with Reuters. The cuts mark the latest to shake the technology sector and come days after rival Microsoft Corp said it would lay off 10,000 workers. The job losses affect teams across the company including…

Asharq Al-Awsat

Google owner Alphabet to axe 12,000 jobs

Google owner Alphabet to axe 12,000 jobs

The tech giant has almost 6,000 staff in the UK

Evening Standard

U.S. Will No Longer Require Animal Testing for New Drugs

U.S. Will No Longer Require Animal Testing for New Drugs

Plus: From jokes to jail, Google urges SCOTUS to protect Section 230, and more...

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Microsoft looks ready to go all-in on OpenAI. Should Google start worrying?

Talks of a $10 billion investment in the artificial intelligence startup signal Microsoft’s ambitions for a space currently led by Alphabet.

Could Tesla's Stock Ever Again Enter The Trillion-Dollar Club?

Tesla was a trillion-dollar stock in April, but it has lost over half of its value since. The club currently only belongs to Apple, Microsoft, and Alphabet.

Stock splits: What you need to know

Stock splits decrease share value in the short term but also increase the total number of shares.

Google Rivals Join Forces in Online Maps

Google rivals on Thursday unveiled a project to make freely available data sets for map features to be built into online offerings. Alphabet-owned Google dominates online mapping, selling its services to other companies or platforms and using location and navigation capabilities to enhance its other offerings, including online advertising, AFP…

Asharq Al-Awsat

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Fallen FAANGs, Nasdaq wipeout, value rally mark 2022 for tech stocks

Investors will remember 2022 as the year when the narrative around Big Tech finally cracked, ending a years-long stretch of powerful market leadership. Next year offers few signs of relief.

Tribune News Service

Why a top YouTube exec is defecting to an A.I. startup

Why a top YouTube exec is defecting to an A.I. startup

Martin Kon, YouTube's CFO, will become the startup's COO in a sign of how hot language A.I. is becoming

Big Tech sat out this year’s generative A.I. craze. Will it join the party in 2023?

Big Tech sat out this year’s generative A.I. craze. Will it join the party in 2023?

Alphabet, Meta, and other tech titans are investing heavily in consumer-facing A.I., but the time hasn’t been right to go public.

How partners at Google parent Alphabet’s growth fund CapitalG are tackling the downturn

How partners at Google parent Alphabet’s growth fund CapitalG are tackling the downturn

As Google parent Alphabet cuts back on hiring, the growth fund says there have been “no material changes” to Alphabet’s VC allocation.

Google wants to digitize troops' samples

Google wants to digitize troops' samples

The tech giant seeks access to a priceless trove of veterans’ skin samples, tumor biopsies and organ slices

OpenAI’s ChatGPT could start a search engine revolution. Should Google be worried?

OpenAI’s ChatGPT could start a search engine revolution. Should Google be worried?

The momentous debut of a best-in-class chatbot brings the next chapter in search closer to reality.

India's Envoy To US Hands Over Padma Bhushan To Sundar Pichai

India's Envoy To US Hands Over Padma Bhushan To Sundar Pichai

On the eve of the 73rd Republic Day, the Ministry of Home Affairs stated that Sundar Pichai would be conferred with Padma Bhushan.Read on for details:

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Hedge fund manager at Rishi Sunak’s old workplace paid himself $1.9 million a day this year

His fund holds stakes in some of the world’s biggest companies.

The Guardian - UK

Major investor calls on Google owner to ‘aggressively’ cut staff and pay

Hedge fund owned by Christopher Hohn urges Alphabet to emulate cost-cutting measures of Silicon Valley rivals

Alan Kohler: Crypto and the end of the beginning

Will FTX’s collapse mean the end of crypto? Well, some of the 3000 or so cryptocurrencies, or at least it should.

Alphabet Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Alphabet. Looking at options history for Alphabet (NASDAQ:GOOGL) we detected 11 strange trades.

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Tribune News Service

Alphabet cut off workers from pay transparency data, union says

Alphabet Inc., Google’s parent company, illegally cut off contract workers’ access to a spreadsheet about pay transparency, a union alleged in a complaint to the National Labor Relations Board.

Apple Juggernaut Rolls On: iPhone Maker Tops Combined Value Of Facebook, Google Parents And Amazon

As Google Parent Alphabet Continues To Fall Here's Where To Watch For The Bounce

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) was sliding an additional 1% at one point to a new 52-week low Wednesday after a big bearish day on Tuesday saw the stock fall 5.32%.

Looking At Alphabet's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Alphabet. Looking at options history for Alphabet (NASDAQ:GOOGL) we detected 20 strange trades.

Find Out Why Roger Ferguson, Former Fed Vice Chairman, Thinks The Market Disconnect Is 'A Bit Of A Head Scratcher'

Roger Ferguson, former vice chairman of the Federal Reserve and a director on the board of Alphabet (NASDAQ: GOOGL) since June 2016, joined CNBC’s ‘Squawk Box’ earlier Monday to discuss the Fed’s

The Weekly Wrap for Saturday, 29 October 2022

The fundamentals of the world's largest technology companies are on display this week. Not much of it is peachy.

Big Tech's recent hiring splurge will make cutting costs even harder

Meta, Alphabet and Microsoft all saw headcount rise 20% or more last year, making cutting costs hard.

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