Amazon Plans to Build a Global Product Database to Dominate AI-Powered Shopping
Amazon is developing an ambitious initiative called World Product Graph, aimed at creating a comprehensive database of virtually every product sold worldwide, including items not available on its own platform. According to an internal...
Anthropic Targets $1.02 Trillion Valuation in Landmark US IPO
Anthropic is targeting a valuation of up to $1.02 trillion in its proposed US initial public offering (IPO), seeking to raise as much as $64.4 billion through the sale of 825 million shares priced...
Google Warns Australian Internet Safety Bill Could Block Under-18s from Gmail
Google has warned that Australia’s proposed Digital Duty of Care legislation could force the company to restrict access to Gmail and other everyday online services for users under 18. Speaking at a Senate hearing...
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...
EssilorLuxottica Shares Surge 11% on Strong Third-Quarter Revenue
Shares of EssilorLuxottica, the Franco-Italian eyewear giant behind Ray-Ban, surged 11.4% on Wednesday after the company reported third-quarter revenue that exceeded market expectations. Revenue reached €7.49 billion, surpassing analysts’ estimates of €7.36 billion, as...
US, Meta and Google Join $1.8 Billion Push to Build AI Biology Datasets
The U.S. government, Meta Platforms and Google parent Alphabet are joining nonprofit Biohub in a $1.8 billion initiative to build open datasets for training artificial intelligence models for biological research. Meta, Google DeepMind and...
Google Signs Its Biggest Carbon-Removal Deal in Brazil
Google has agreed to its largest carbon-removal deal yet, supporting a project in Brazil by developer Terradot that aims to reduce methane emissions from rice farming while capturing carbon dioxide from the atmosphere. Covering...
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...
Australia Tightens Rules on Tech Giants Over News Content
Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...