Apple has poached dozens of artificial intelligence experts from Google and has created a secretive swiss laboratory in Zurich
As the tech giant builds a team to battle rivals in developing new AI models and products. According to a Financial Times analysis of hundreds of LinkedIn profiles as well as public job postings and research papers, the $2.7tn company has undertaken a hiring spree over recent years to expand its global AI and machine learning team. The iPhone maker has particularly targeted workers from Google, attracting at least 36 specialists from its rival since it poached John Giannandrea to be its top AI executive in 2018. While the majority of Apple’s AI team work from offices in California and Seattle, the tech group has also expanded a significant outpost in Zurich. Professor Luc Van Gool from Swiss university ETH Zurich said Apple’s acquisitions of two local AI start-ups — virtual reality group FaceShift and image recognition company Fashwell — led Apple to build a research laboratory, known as its “Vision Lab”, in the city. Source: FT
Here's how Google $GOOGL makes its money
Source: Chartr
BREAKING: Google parent company Alphabet GOOGL soars over 12% in extended trading
after the company reported results that topped analysts’ estimates, showed soaring profits in its cloud division and announced its first dividend. The company reported revenue of $93.5 billion and EPS of $$1.89. Google also declared a $0.20 dividend for the first time in history and issued a $70 billion stock buyback. In a nutshell: $GOOG Alphabet Q1 FY24: • Revenue +15% Y/Y to $80.5B ($1.8B beat). • Operating margin 32% (+7pp Y/Y). • EPS $1.89 ($0.38 beat). ☁️ Google Cloud: • Revenue +28% Y/Y to $9.6B. • Operating margin 9% (+7pp Y/Y). ▶️ YouTube ads +21% to $8.1B. Source: The Kobeissi Letter, App Economy Insights
$GOOG Alphabet eyes HubSpot acquisition.
$HUBS has a $35B market cap. - Could be Google's largest deal ever. - Reuters reported talks with advisers. - Deal could boost CRM on Google Cloud. Here's a look at their latest quarter. Source: App Economy Insights
From a valuation standpoint, Alphabet is about 40% cheaper than it was the last time the stock was trading at these prices.
$GOOG 💸 Source: Trend Spider
Google is considering charging for new “premium” features powered by generative artificial intelligence, in what would be the biggest ever shake-up of its search business.
The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens its advertising business, almost a year and a half after the debut of ChatGPT. Google is looking at options including adding certain hashtag#AI-powered search features to its premium subscription services, which already offer access to its new Gemini AI assistant in Gmail and Docs, according to three people with knowledge of its plans. Engineers are developing the technology needed to deploy the service but executives have not yet made a final decision on whether or when to launch it, one of the people said. Google’s traditional search engine would remain free of charge, while ads would continue to appear alongside search results even for subscribers. But charging would represent the first time that Google — which for many years offered free consumer services funded entirely by advertising — has made people pay for enhancements to its core search product. Source: FT
GOOGL closed under its 200D moving average for the first time in 12 months
source : barchart
Alphabet $GOOGL and Amazon $AMZN likely to follow Meta's lead by announcing their first ever dividend payments this year
Source: Goldman Sachs, Barchart
