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Wells Fargo revamps Google stock price target after major AI move
TheStreet85d agoneutral
Wells Fargo revamps Google stock price target after major AI move

Google held its annual developer conference last week and unveiled Gemini 3.5 Pro, new AI search integrations, and a product lineup that BofA called evidence of "accelerating velocity of AI innovation." The stock barely moved. That is the strange position Google finds itself in heading into the ...

Bloomberg85d agoneutral
OpenAI Faces IPO Unknowns Even After Victory Over Elon Musk

(Bloomberg) -- Elon Musk’s legal battle against OpenAI has hung over the ChatGPT maker for more than two years, threatening to unravel its restructuring as a for-profit business and undermine its plans to go public.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Threatens to Retaliate Beyond Middle East If US AttacksHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersUS Treasuries Re

Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards
Bloomberg85d agoneutral
Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards

(Bloomberg) -- Nvidia Corp., the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Threatens to Retaliate Beyond Middle East If US AttacksHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersUS Treasuries Rebound on Optimi

Google rejects UK union recognition but offers talks via conciliation body
Reuters85d agoneutral
Google rejects UK union recognition but offers talks via conciliation body

LONDON, May 20 (Reuters) - Google said it had rejected a request from two British unions for voluntary recognition but would negotiate with ‌them via a state-backed conciliation service, delaying a potential statutory process that ‌could force recognition. Under UK rules, the move opens a 20-working-day window, extendable by agreement, for talks on ​recognition.

The Bond Market Sees AI Making Warsh’s Inflation Bind Even Worse
Bloomberg85d agoneutral
The Bond Market Sees AI Making Warsh’s Inflation Bind Even Worse

(Bloomberg) -- To judge by a key bond-market signal, the AI boom is only worsening Kevin Warsh’s inflation problem.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensMeta Begins 8,000 Global Job Cuts in AI Efficiency PushThe incoming Federal Reserve chair previously lashed out at the ce

Thales inks deal with Google for homegrown German cloud provider
Reuters85d agoneutral
Thales inks deal with Google for homegrown German cloud provider

French ‌defence group ‌Thales and ​Alphabet's Google Cloud have signed ‌a ⁠deal to launch ⁠a new ​European ​cloud solution ​in ‌Germany that will be operationally and legally ‌independent ​from ​Google, ​the ‌companies said on ​Wednesday. (Reporting ​by Gianluca ​Lo ‌Nostro; Editing ​by Matt ​Scuffham)

Higher Prices Could Slow the AI Building Boom
The Wall Street Journal85d agoneutral
Higher Prices Could Slow the AI Building Boom

AI’s big bucks go mostly toward computing gear like chips and servers in data centers. Should that trend persist, it could come to bite suppliers including chip giant Nvidia which reports quarterly results after the bell today. Nvidia can insulate itself from cost inflation by expanding offerings that don’t require as much in-demand memory, by passing on higher prices to customers and by inking longer-term deals with its own suppliers at lower prices.

Big Questions We’ll Be Looking to Answer in SpaceX’s IPO Filing
The Wall Street Journal86d agoneutral
Big Questions We’ll Be Looking to Answer in SpaceX’s IPO Filing

How does SpaceX make its money? SpaceX makes its money from subscriptions to its Starlink satellite internet service, rocket launches to put satellites and astronauts in space, as well as national security contracts to build and launch satellites. Who are SpaceX’s largest investors?

Pitchbook86d agoneutral
Blackstone and Google's joint venture funds computing power, not just data centers

Google and Blackstone have formed a joint venture to offer AI data center capacity, networking and computer hardware as a “compute-as-a-service product,” the asset manager said. The tie-up opens a new avenue in the rush of private equity into AI infrastructure, moving it beyond data centers and into the business of financing compute itself. Blackstone is making an initial $5 billion equity commitment, with the first 500 megawatts of capacity expected online in 2027, the firm said in a statement.

Spiking Yields — Heard on the Street Recap
The Wall Street Journal86d agoneutral
Spiking Yields — Heard on the Street Recap

U.S. stocks retreated as investors debate tech valuations and worry that a prolonged Iran conflict will keep oil prices rising, pushing up inflation. The global bond selloff is intensifying, putting pressure on government finances and market valuations. Yields on 10-year U.S. Treasury notes rose for a third straight day, hitting their highest closing level since January 2025.

Google DeepMind hires staff from Contextual AI in licensing deal, Bloomberg News reports
Reuters86d agoneutral
Google DeepMind hires staff from Contextual AI in licensing deal, Bloomberg News reports

Alphabet's AI research subsidiary, Google DeepMind, has finalized a deal to recruit more than 20 researchers from AI ‌startup Contextual AI and license its technology, Bloomberg News reported ‌on Tuesday, citing people familiar with the matter. DeepMind has agreed to pay about $100 million to ​Contextual as part of the agreement, while Contextual's co-founder and CEO Douwe Kiela is among those joining DeepMind, according to the report. Google and Contextual did not immediately respond to Reuters' requests for comment.

Google expected to court coders, consumers at I/O conference
Reuters86d agoneutral
Google expected to court coders, consumers at I/O conference

Alphabet CEO Sundar Pichai will kick off Google's annual developer conference on Tuesday where the tech giant is expected to ‌reveal a flurry of artificial intelligence upgrades for consumers and coders. This year’s I/O conference in ‌Mountain View, California - traditionally Google’s flagship event for showcasing the cutting edge of its consumer-facing products - will be the company's ​first since last winter's major update to its Gemini AI model helped it regain ground in the AI race. Google parent Alphabet recently came within striking distance of Nvidia as the world’s most valuable company.

Saudi Arabia's Humain picks Goldman Sachs to advise on data centre financing, sources say
Reuters86d agoneutral
Saudi Arabia's Humain picks Goldman Sachs to advise on data centre financing, sources say

Saudi Arabia-backed artificial intelligence company Humain has picked Goldman Sachs to advise on a financing package to build data centres in the kingdom that ‌could be worth at least 20 billion riyals, two sources with knowledge of the matter ‌told Reuters, as the firm races to expand capacity amid a regional AI push. The move illustrates how Saudi Arabia, like Gulf neighbours ​Qatar and the United Arab Emirates, is accelerating its AI build-out to capitalise on surging global demand for computing power. The country is also banking on cheap energy to power data centres - a powerful lure for hyperscalers such as Google, Microsoft and Meta that are driving AI adoption.

Investing.com86d agoneutral
Nvidia earnings preview: Top 5 debates ahead of earnings

Investing.com -- Bank of America maintained a Buy rating and $320 price target on Nvidia ahead of the chipmaker’s fiscal first-quarter results due after the close on Wednesday, identifying five key debates likely to dominate investor focus beyond the headline beat-and-raise dynamics the firm expects.