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YOU WONT BELIEVE: 86 | Mind Blowing Facts

British American Tobacco fined $635 million for violating sanctions on North Korea

British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and…

France 24

Google Cloud has finally made a profit for the first time

The world's third-largest cloud provider is finally turning a profit after years of hopeful Google investments.

TechRadar

Google, Microsoft Top Expectations as AI Rivalry Heats Up

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. The tech titan has found itself under pressure due to a general slowdown…

Asharq Al-Awsat

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YouTube Ad Revenue Down for a Third Straight Quarter, Off 2.6% in Q1

Platform still slightly beat equity analysts’ expectations

Broadcasting & Cable

Alphabet revenue unexpectedly rises in first quarter amid industry slowdown

Google’s parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures

The Guardian - US

Alphabet reports $69.8B in revenue amid mass layoffs and increased AI focus

Alphabet reported its Q1 2023 financial earnings on Tuesday. The company made over $69 billion in revenue following its mass layoffs.

Android Central

Veteran market watcher says Big Tech’s rebound has ‘run its course’—but the overall stock market could still rise to a near record high this year

"We expect the broader markets to move back near record highs at some point in 2023, but it won't likely be because of Big Tech,” Sanders Morris Harris chairman George Ball said Tuesday.

Fortune

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Meta Platforms Needs Fresh Impetus to Extend Rally

After climbing by more than +77% this year, Meta Platforms (META ) may need a new catalyst to extend the rally. Meta Platforms posted an 11-month high earlier this month after implementing plans to cut costs and make the company more efficient. However, with the bulk of the cost-saving plans...

Barchart

Epic's antitrust case against Apple looks dead in the water

The latest ruling by an appeals court may well seal the deal.

PC Gamer

Google creates DeepMind division to combat threat from ChatGPT and Bing AI

Google's new DeepMind division is another exciting step in AI's evolution.

TechRadar

Shorting Google Puts Is Very Popular Ahead of Its Earnings This Week

Put option premiums for Alphabet stock are high ahead of its earnings release due out on April 25. This is attracting short sellers to out-of-the-money put trades for profitable income plays.

Barchart

ChatGPT Challenges Google’s Search Engine Dominance

Alphabet’s (GOOGL ) stock price this week has been under pressure and fell to a 2-1/2 week low Wednesday on concern Google may lose its dominance as the leader in online searches. On Sunday, the New York Times reported that Samsung Electronics was considering replacing Alphabet’s Google with Microsoft’s (MSFT...

Barchart

Google to accelerate AI efforts with newly combined team

Google's DeepMind and Brain teams have combined into a single group to help accelerate the company's AI efforts.

Android Central

Big Tech’s Race to Rule Healthcare

Big tech companies, such as Microsoft, Apple, Alphabet, and Amazon, are working to transform the healthcare industry in a variety of ways.

Barchart

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Birmingham Post

Manchester craft ale brewer Alphabet Brewing Company goes into administration with warning the industry faces tough challenges

Joint administrator warns 'I’m certain more breweries face the same challenges as Alphabet'

Laptop

Samsung may drop Google for Bing — 3 features that could win Android fans over

Three interesting Bing features Samsung owners might appreciate if the Korean manufacturer ditches Google as its default.

Barchart

Stocks Close Mildly Higher on Q1 Earnings Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.33%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.06%. Stock indexes Monday posted moderate gains. An increase in...

Fortune

Alphabet CEO Sundar Pichai says that A.I. could be ‘more profound’ than both fire and electricity—but he’s been saying the same thing for years

In 2018, the Alphabet CEO pointed out how humans found a way to harness fire despite its perils. He sees the same happening with artificial intelligence.

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Barchart

Stocks Undercut by Higher Bond Yields and Weakness in Chip Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. U.S. stock indexes this morning are mixed. An increase...

Barchart

Markets Today: Stock Index Futures Mixed on Pressure from Higher Bond Yields

Morning Markets June S&P 500 futures (ESM2 3) this morning are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.03%. U.S. stock index futures this morning are mixed. An increase in M&A activity is positive for stocks after Merck said it would acquire Prometheus Biosciences for...

Fortune

Google CEO Sundar Pichai says A.I. is 'more profound than fire'

Google was reportedly in a "panic" after Samsung considered choosing a different search engine as the default on its smartphones.

InsideEVs

Five Waymo Robotaxis Blocked SF Traffic Because Of Heavy Fog

Early Tuesday morning, no less than five of Waymo’s robotaxis blocked traffic on a residential street in San Francisco's Balboa Terrace neighborhood, apparently baffled by thick fog that covered the southwestern part of the city.

Tribune News Service

Twitter company ‘no longer exists,’ is now part of Musk’s X

Twitter Inc. has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform.

Fortune

How to invest in the A.I. boom: 11 stocks and 4 funds to buy now

Generating returns in your portfolio from the growing field of artificial intelligence.

TechRadar

Google's looming AI integration into Search should scare the hell out of Microsoft

Google CEO Sundar Pichai says there is a roadmap for integrating Chat AI into the world's most popular search engine

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