Alphabet Builds $548 Million Stake in Qualcomm, Boosting Chipmaker’s AI Ambitions
Alphabet has acquired a stake worth nearly $548 million in longtime technology partner Qualcomm during the third quarter, strengthening the chipmaker’s efforts to expand its presence in the data centre and artificial intelligence markets....
Alphabet’s AI Chip Business Boosts Growth but Pressures Cash Flow
Alphabet is generating billions of dollars from sales of its in-house artificial intelligence (AI) chips, known as tensor processing units (TPUs), which were initially developed for internal use. However, meeting surging demand requires substantial...
Google Revamps EU Search Results to Meet Antitrust Rules
Google on Tuesday rolled out major changes to its search results in Europe to comply with EU antitrust regulators, warning that the measures could reduce search quality and increase costs for European businesses. The...
Berkshire Hathaway Steps Up Investments as Cash Hoard Shrinks
Berkshire Hathaway began drawing down its massive cash reserves in the second quarter, investing billions of dollars in stocks while accelerating share buybacks. The conglomerate repurchased $4.5 billion of its own shares during the...
Google Faces Up to $10 Billion in EU Lawsuits
Google is facing a fresh legal challenge in Europe as a series of private lawsuits seeking up to $10 billion in damages gather momentum following its first loss under the European Union’s Digital Markets...