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Ed Elson and tech reporter Alex Heath spent a recent segment of Prof G Markets arguing about the same set of facts and reaching almost opposite conclusions. Elson thinks OpenAI is a company drifting sideways while leaks about an IPO pile up. Heath thinks the leaks are the story, and most of them are being ... Is OpenAI’s IPO a Hot Mess or Just Media Noise? Two Reporters Can’t Agree
Europe's top court upheld findings that Google abused Android's market dominance.
On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a 4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power.
OpenAI already has a lineup of impressive investors ahead of its eagerly awaited initial public offering. OpenAI has talked about offering a 5% ownership stake to the U.S. government, potentially via a sovereign wealth fund, the Financial Times reported Thursday, citing people familiar with the talks. There would be a couple of potential benefits for OpenAI if the Trump administration were among its investors.
The U.S. innovation engine, from the Model T to SpaceX and AI, continues to be a rocket for America's economy. But China is a growing rival.
Italy's biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology. Replacing existing core IT infrastructure, known as mainframes, with cloud technology poses a major challenge to traditional banks. Legacy systems, often comprising multiple software stacks accumulated over time due to mergers, put high-street banks at a disadvantage versus cloud-native, challenger banks.
July 2 (Reuters) - European regulators have launched a series of antitrust, privacy and online safety investigations into major technology companies in recent years.
(Bloomberg) -- Investors in SpaceX have been largely flying blind since the company’s record-breaking IPO last month, with few financial projections to help determine what the stock is actually worth. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX IPO Left Mirae
Alphabet's Google lost a lengthy battle to overturn a fine of about $4.69 billion imposed by the European Union over its Android operating system. The bloc's top court today upheld the fine, settling a yearslong dispute over how Google utilizes its position to direct users to its own search engine on devices like smartphones.
Alphabet’s Google lost a lengthy battle to overturn the penalty—the largest the EU has handed the company in its efforts to curb Google’s online dominance.
Alphabet's Google on Thursday lost its fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals, a court ruling likely to boost Europe's crackdown on Big Tech. The European Commission had originally handed out a €4.34 billion fine to Google in 2018 for its agreements which forced phone manufacturers to pre-install Google Search, the Chrome browser and the Google Play app store on their Android devices and prevented them from using rival Android systems. Google then appealed to the Luxembourg-based Court of Justice of the European Union, Europe's highest.
(Bloomberg) -- SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year in a bid to capitalize on the company’s growing pipeline of data center projects.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerExxon to Change Name for First Time in Decades After RedomicileKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX IP
The AI boom created a ton of winners on Wall Street. However, it also created an incredibly unforgettable story for workers. Tech behemoth Microsoft (MSFT) is reportedly preparing a fresh round of layoffs, according to Business Insider, in a move that could be announced as early as next ...
Stocks fell as Meta buzz hit SpaceX, Micron and many AI stocks. Tesla is near a buy point with deliveries due. The June jobs report also is on tap.
Yahoo Finance Tech Editor Dan Howley breaks down some of the day's biggest headlines, including Alphabet's Google (GOOG, GOOGL) being ordered by a Swedish court to pay nearly $2 billion to buy now, pay later platform Klarna (KLAR) in an antitrust suit.
SpaceX’s stock slide may be a reason why the ChatGPT and Claude owners should go public before the IPO window shuts.
South Korea's antitrust regulator accused Google of abusing its dominance in the Android app market.
By Nqobile Dludla JOHANNESBURG, July 1 (Reuters) - Google has exceeded a five-year target to invest $1 billion in Africa, it said on Wednesday, as it made public initiatives on infrastructure and
By Supantha Mukherjee STOCKHOLM, July 1 (Reuters) - A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in damages to PriceRunner, the price comparison business owned by
The Patent and Market Court in Stockholm ruled Google unlawfully favored its own shopping comparison service, though the award fell well short of what PriceRunner sought
Watchdog says company restricted app store competition.
A Swedish court on Wednesday ruled that Google-parent Alphabet abused its internet search-related market power in comparison shopping services versus Klarna Group's Pricerunner unit. Google was ordered to pay Klarna nearly $2 billion in damages. Klarna stock popped on the news.
Investing.com -- Klarna Group (NYSE:KLAR) shares jumped 6% on Wednesday following a massive legal victory over Alphabet’s tech monopoly. A Swedish court ruled in favor of Klarna’s subsidiary, PriceRunner, awarding the company a staggering $1.97 billion in antitrust damages. The high-stakes judgment caps off a fierce battle over online shopping dominance, with the court finding that Google illegally choked out competition by manipulating search results to favor its own comparison-shopping service
STOCKHOLM, July 1 (Reuters) - A Swedish court said on Wednesday Alphabet's Google is to pay the equivalent of around 14.3 billion Swedish crowns ($1.5 billion) in antitrust damages to Klarna's price
(Bloomberg) -- Alphabet Inc. has had a remarkable 12 months by just about any measure you can imagine.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsWhatsApp Opens Username Reservations to 3 Billion UsersYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanThe stock price has more than doubled, raising its market capitalization by more t
SEOUL, July 1 (Reuters) - South Korea's antitrust regulator alleged on Wednesday that Alphabet's Google abused its dominant position in the Android app marketplace to hinder competition and will
FactSet and Google say they will co-develop finance agents and weave "agentic experiences across the investment and dealmaking life cycles."
A consortium backed by companies including BlackRock, Google and Coinbase said Tuesday that it is launching a stablecoin. Called Open USD, the new dollar-backed stablecoin is slated to be offered later this year on the Coinbase-affiliated blockchain Base, as well as on Solana and other networks.
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