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Google parent Alphabet says it could double capital spending in 2026
The big cloud companies are expected to collectively shell out more than US$500 billion on AI this year Alphabet said on Wednesday (Feb 4)…
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Alphabet
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Google parent Alphabet predicts a sharp surge in 2026 capital spending on AI
Alphabet said on Wednesday it was targeting capital expenditure of $175 billion to $185 billion this year, in yet another aggressive…
Business
Alphabet hits US$4 trillion valuation as AI refocus lifts sentiment
Alphabet briefly hit US$4 trillion in market valuation on Monday (Jan 12), as the Google parent’s sharpened artificial intelligence (AI)…
Business
US stocks opens mixed as investors assess data, Alphabet shines
Wall Street’s main indexes were mixed at the open on Tuesday (Nov 25) as investors took stock of a series of delayed economic data to…
Business
U.S. stocks rise on another Alphabet rally
The U.S. stock market is rising again on Monday, ahead of a week with shortened trading because of the Thanksgiving holiday. The S&P 500…
Business
Buffett’s Alphabet blessing puts valuation paradox back in focus
Shares of the Google parent are up 55% this year, making them by far the top performer among the Magnificent Seven technology giants Just…
Business
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further…
Business
Alphabet, Amazon stakes in Anthropic boost profit by billions
Alphabet and Amazon were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were…
Business
Alphabet beats third-quarter revenue estimates on cloud demand and advertising
Google parent Alphabet beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and cloud…
News
Lawsuit: New York is accusing Meta and Alphabet of spurring a youth mental health crisis
The Big Apple is taking on the companies behind Facebook, Instagram, Snapchat, TikTok, and YouTube, accusing them of “public nuisance” and…
Business
Alphabet plans sale, spinoff of Verily unit, executive says
The Justice Department has asked the judge to force the company to sell its advertising exchange Alphabet has been working for the past…
Business
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3 Google-parent Alphabet hit a market…
Business
Alphabet enters US$3 trillion market cap club as Big Tech’s AI momentum builds
Technology and AI-linked stocks have powered Wall Street’s main indexes to record highs lately amid growing hopes that the US Federal…
Business
FTC launches inquiry into AI chatbots of Alphabet, Meta and others
THE US Federal Trade Commission on Thursday said it is seeking information from several companies including Alphabet, Meta Platforms and…
Business
Wall Street steadies with a boost from Alphabet
Wall Street is steadying on Wednesday as Alphabet and other technology stocks rise. The S&P 500 added 0.3% and was on track to break its…
Business
US: S&P 500, Nasdaq open higher on Alphabet boost; jobs data on tap
The S&P 500 and the Nasdaq opened higher on Wednesday (Sep 3) after Alphabet gained on a favourable antitrust ruling and investors awaited…
Business
Google parent Alphabet surprises with capital spending boost after earnings beat
ALPHABET on Wednesday cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about…
Business
Meta’s massive data center bet is a direct challenge to OpenAI and Alphabet
Meta may not currently lead the race for AI superintelligence, but it’s drawing heavily on its cash reserves to pursue the technology.…
Business
Alphabet to keep hiring engineers while AI advances
Alphabet’s chief executive officer Sundar Pichai said his company will keep expanding its engineering ranks at least into 2026, stressing…
Business
Google parent Alphabet kicks off sale of debut euro bonds
Google parent Alphabet is looking to raise at least 2.5 billion euros (S$3.72 billion) from a debut euro bond sale on Tuesday (Apr 29),…
Business
YouTube Ad Revenue Bulks Up 10.3% to $8.9 Billion as Alphabet Q1 Net Profit Jumps 46%
YouTube continues to rake in money from advertisers worldwide, with the video giant’s ad revenue reaching $8.93 billion in the first…
Business
US: Nasdaq, S&P 500 open lower as Alphabet, AMD forecasts disappoint
THE tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday (Feb 5), following downbeat forecasts from…
Business
YouTube Q4 Ad Sales Hit Record $10.5 Billion, Parent Alphabet Projects $75 Billion in 2025 Capex Spending Amid AI Arms Race
YouTube, the internet’s biggest streaming video platform, delivered a healthy 13.8% increase in global ad revenue for the year-end 2024…