Alphabet

Alphabet arm gets CCI's clearance to acquire stake in Walmart's Flipkart

The Competition Commission on Tuesday granted approval to Alphabet's arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google's parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. "The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target's subsidiary for the provision of certain services," the regulator said in a release. "Commission approves transaction involving subscription of shares of Flipkart Pvt Ltd by Shoreline, an Alphabet, Inc subsidiary," the regulator said in a post on X. Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and ..

Google faces new antitrust trial after 'search engine monopoly' verdict

One month after a judge declared Google's search engine an illegal monopoly, the tech giant faces another antitrust lawsuit that threatens to break up the company, this time over its advertising technology. The Justice Department and a coalition of states contend that Google built and maintains a monopoly over the technology that matches online publishers to advertisers. Dominance over the software on both the buy side and the sell side of the transaction enables Google to keep as much as 36 cents on the dollar when it brokers sales between publishers and advertisers, the government contends in court papers. Google says the government's case is based on an internet of yesteryear, when desktop computers ruled and internet users carefully typed precise World Wide Web addresses into URL fields. Advertisers now are more likely to turn to social media companies like TikTok or streaming TV services like Peacock to reach audiences. In recent years, Google Networks, the division of the ...

US antitrust trial targets Alphabet, to challenge Google's ad business

Those advertising tools contributed to the more than 75 per cent of Google's $307.4 billion in revenue last year that came from advertising.

Alphabet's Google considering to build large data centre in Vietnam: Report

It was not clear how quickly Google would reach a decision on an investment, but the source said internal talks were taking place and the data centre could be ready in 2027

Nvidia's AI chip demand to face impact from production delay: Analysts

According to media reports, Nvidia's Blackwell chips may face delays of 3 months or more due to design flaws, potentially affecting customers such as Meta Platforms, Alphabet's Google and Microsoft

Alphabet's partnership with AI startup Anthropic under UK scrutiny

Agreements under scrutiny include Microsoft's partnerships with startups such as OpenAI, Inflection AI, and Mistral AI, as well as Alphabet's ties to other smaller companies such as Anthropic and Cohe

'US regulators to open antitrust probe against Microsoft, OpenAI & Nvidia'

The US Department of Justice will take the lead in investigating Nvidia while the FTC will examine the conduct of OpenAI and Microsoft

Alphabet, Microsoft earnings show hefty AI bets are driving growth

After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft reported that their quarterly revenue growth was outpacing expectations

YouTube, Google Cloud to bring in $100 billion this year: Sundar Pichai

Alphabet reported revenue of $80.5 billion for the 2024 January- March quarter, up 15 per cent from last year, with operating income surging by 46.3 per cent and net income by 57 per cent

Microsoft's OpenAI partnership could face EU antitrust probe: Report

The people said the European Union antitrust regulator had decided not to investigate the partnership under EU merger rules, but that Microsoft could still face an antitrust investigation

Alphabet heads toward $2 trn valuation with investors cheering AI progress

The stock is heading back toward what would be a record $2 trillion market value - a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp

Google's contemplated HubSpot deal would prompt new battle with regulators

Nearly a dozen antitrust experts and industry analysts said in interviews and analyst notes that it was unlikely that an acquisition by Google would hamper competition

OpenAI's Sam Altman returns to company's board after probe clears him

Altman is rejoining the company's board following the findings

Google parent Alphabet ad revenue disappoints, capex up; shares sink 6%

While Google Cloud's revenue topped Wall Street targets and growth rebounded with a boost from AI, Microsoft's Azure grew faster in the same period

Reliance Industries most valuable Indian company: Hurun Global 500 2023

The two companies that saw the highest valuation gain were Microsoft and Nvidia. Both of these are associated with the artificial intelligence software ChatGPT

Microsoft, Alphabet stocks under pressure to show AI earnings boost

Microsoft Corp. and Alphabet Inc., two of the biggest players in AI-related software, will report after the market close

Global corporate landscape 2023: Mergers, closures, and leadership shifts

From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023

Alphabet reaches $700 mn deal in Google Play feud, to alter policies

The deal disclosed in a court filing late Monday calls for tweaks to Google Play policies designed to reduce barriers to competition in the markets for app distribution and payment processing

Google's Epic legal defeat threatens $200 billion app store industry

The loss - handed down by a San Francisco jury on Monday - is a blow to the two companies' business model in apps, where they charge commissions of as much as 30 per cent

Meta, Alphabet, ByteDance, Snap must face social media addiction lawsuits

Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment