ALPHABET INC-CL A - CybAI news

08 Aug

Nvidia Has Lost $900 Billion Even as AI Spending Plans Ramp Up

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On the surface, Nvidia Corp.’s $900 billion selloff since its June record would suggest the artificial intelligence spending boom that propelled it there is cooling. But the undercurrents tell a far less dire story.Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. — together accounting for more than 40% of Nvidia’s revenue — have all said they will keep investing billions into AI infrastructure. Meanwhile, Super Micro Computer Inc. — which makes data center servers used in AI — told investors it expects to generate up to $30 billion in sales over the next year, blowing away analyst expectations.…

08 Aug

Move Over, LLMs. Small AI Models Are the Next Big Thing

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For years, tech giants like Google and startups such as OpenAI have been racing to build ever bigger and costlier artificial intelligence models using a tremendous amount of online data. Deployed in chatbots like ChatGPT, this technology can handle a wide range of complex queries, from writing code and planning trips to drafting Shakespearean sonnets about ice cream.Mark McQuade is betting on a different strategy. Arcee.AI, the startup he co-founded last year, helps companies train and roll out an increasingly popular — and much tinier — approach to AI: small language models. Rather than try to do everything ChatGPT can,…

08 Aug

Amazon’s $4 Billion Anthropic Pact Probed by UK Watchdog

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Amazon.com Inc.’s $4 billion investment pact with AI firm Anthropic risks being hampered in the UK after competition watchdogs said the impact of the partnership needs more scrutiny. Source link lol

07 Aug

Google’s Search Dominance Faces Limited Risks Despite Antitrust Ruling

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A federal judge ruled Monday that Google illegally monopolized the search market. Now the hard part: what to do about it. But first... Source link lol

07 Aug

Reddit Sales Exceed Analysts’ Expectations on Advertising Growth

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Reddit Inc. said it expects steady revenue growth from new data licensing partnerships and advertising technology, charting its path forward as a newly public company.Current-quarter sales will be $290 million to $310 million, Reddit said Tuesday in a statement. Analysts had forecast $281.8 million, according the average of estimates compiled by Bloomberg. Source link lol

06 Aug

Could Antitrust Ruling Against Google Bring Breakup of the Company?

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Alphabet Inc.’s Google lost the biggest antitrust challenge it has faced when a US judge found Aug. 5 that it illegally monopolized the search market. It was a major win for the US Justice Department and state attorneys general and could result in the breakup of the 25-year-old company. Judge Amit Mehta of the US District Court for the District of Columbia ruled that $26 billion in payments that Google made to other companies to make its search engine the default option on smartphones and web browsers effectively blocked any other competitor from succeeding in the market. Mehta’s ruling came…

06 Aug

Amazon, Microsoft Keep Data Center Spending Spree Going

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Major technology companies are spending billions of dollars in capital expenditure and most of it is going for the same thing. But first... Source link lol

06 Aug

Nvidia’s Next-Generation AI Chip Rollout Slowed by Engineering Snags

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Nvidia Corp. hit engineering snags in the development of two new advanced chips, slowing the release of some products designed to extend its lead in the market for artificial intelligence computing.The delays affected the company’s highly anticipated Blackwell lineup, which Nvidia announcedBloomberg Terminal in March, according to people familiar with the situation. A version of the chip — known as an AI accelerator — is being reworked to better work with data center infrastructure designed for an earlier chip, the Hopper H100. Source link lol

05 Aug

Apple’s Shift to AI Is Poised to Soften Blow From Google Ruling

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Google’s defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple Inc., which generates roughly $20 billion a year in payments from the internet search giant. Apple shares slipped almost 5% on Monday after a judge ruled that Google’s payments to device makers — made in return for its search engine getting preferential placement — were illegal. The decision handed a win to the Justice Department in its first major antitrust case against Big Tech in more than two decades. Source link lol

05 Aug

Trump Suggests Avoiding Google in Interview With Gamer Adin Ross

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Republican nominee Donald Trump called for his supporters to stop using Alphabet Inc.’s Google, calling the search engine “illegitimate” as he doubled down on his criticisms of large technology companies.“Something’s wrong with Google,” Trump said in an interview with controversial video-game celebrity Adin Ross on Monday. “Everybody should maybe just go off Google, not use it.” Source link lol