Stories with this tag.
Alphabet is making Google's TPU AI chips available outside its own data centres through Oracle, a bigger push against Nvidia. Google Cloud revenue rose 82% in Q2, Anthropic has committed to up to one million TPUs, and analysts put the TPU operating margin near 20%.
Alphabet's shares fell about 13% on Thursday, their worst day on record, erasing roughly $482 to 500 billion after third-quarter revenue and ad sales missed expectations. Investors questioned whether huge AI spending will pay off. The Nasdaq fell 1.38%; ServiceNow and Caterpillar also slumped.
Amita Sahani4 min
South Korea's regulator fined Google 42.9 billion won and Apple 20.8 billion won, a combined 63.7 billion won or about 47.6 million dollars, for abusing app market dominance. Third-party payments were allowed but made costly. Both must allow external payment links. Apple disagrees.
Reyaansh Agarawal4 min
