Google Financial News

Google parent company Alphabet announced Wednesday that it is laying off employees from its global recruiting team as the tech giant continues to slow hiring, the Reuters reported. The decision to let go of a few hundred of positions is not part of a wide-scale layoff and will retain a significant majority of the team for hiring critical roles, the report said.

In this week’s newsletter, read about how Google will start allowing games featuring nonfungible tokens (NFTs) to advertise and promote themselves using its platform and how a developer stole $1 million in assets from the Milady NFT collection. Check out how an insurance company excluded NFTs from a $20-million policy and how the metaverse is “hot” in Asian markets like Hong Kong, Korea and Japan. And don’t forget this week’s Nifty News featuring Binance ending its support for Polygon-based NFTs. 

WASHINGTON—Titans of Silicon Valley are descending on Washington Wednesday to brief U.S. senators on artificial intelligence, in a meeting aimed at advancing nascent efforts to regulate the new technology. The closed-door all-senators’ session, organized by Senate Majority Leader Chuck Schumer (D., N.Y.), will feature Elon Musk, Mark Zuckerberg, Bill Gates and more than a dozen other executives and civil-society leaders.

By Diane Bartz

Attorneys say a former executive and two operations managers for the classified site Backpage

Investing.com -- A crucial legal battle between Alphabet's (NASDAQ:GOOGL) (NASDAQ:GOOG) Google and the U.S. Department of Justice that began with opening arguments earlier this week is «too close to call,» according to analysts at Barclays.

You can now make payments through UPI even if your account lacks sufficient money.The Reserve Bank of India (RBI) has recently given the green light to banks to offer a credit line facility to UPI users, allowing users to spend from a pre-sanctioned credit line and settle the dues later.

Deutsche Bank AG is testing out artificial intelligence tools that aim to detect possible signs of misconduct from the tone of traders’ phone conversations.

Wired Google had been ‘thinking about AI from very beginning’.Picahi also noted that he pivoted the company to be ‘AI-first’ and spent a lot of money on AI research which resulted in their own LLM LaMDA. However, the Google CEO noted that while the company was thinking about AI in their products they needed the technology to mature a bit before using it.

Meta Platforms in San Francisco federal court on Tuesday, accusing the tech giant of misusing their works to train its Llama artificial-intelligence software. Chabon, Tony-winning playwright David Henry Hwang and authors Matthew Klam, Rachel Louise Snyder and Ayelet Waldman in a lawsuit said Meta taught the Llama large-language model to respond to human text prompts with datasets that included pirated versions of their writings.

Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice said Tuesday at the opening of the biggest U.S. antitrust trial in a quarter century. «This case is about the future of the internet and whether Google's search engine will ever face meaningful competition,» said Kenneth Dintzer, the Justice Department's lead litigator.

Apple is using the emerging technology to improve basic functions in its new gadgets. Without using the words 'artificial intelligence' to describe the emerging technology, Apple showcased a new line of iPhones and a new watch that included improved semiconductor designs that power the new AI features. The features largely improve basic functions like taking a call or snapping better images. Artificial intelligence didn't come up at its June developer conference either but has for months been quietly reshaping Apple's core software products behind the scenes. In contrast, Microsoft and Alphabet's Google set ambitious goals for the level of transformation with their AI efforts. Industry leaders have warned about the potential harms of the unchecked development of new tools such as generative AI. Apple built the Series 9 Watch with a new chip that includes improved data crunching capabilities, notably adding a four-core «Neural Engine» that can process machine learning tasks up to twice as quickly. The Neural Engine is what Apple calls the building blocks for its chips that accelerate AI functions.

Reuters. The features largely improve basic functions like taking a call or snapping better images. AI didn't come up at its June developer conference either but has for months been quietly reshaping Apple's core software products behind the scenes.

Google Antitrust Trial: Google pays $10 billion every year to maintain monopoly, says US Google's lawyer, John Schmidtlein said, "Users today have more search options and more ways to access information online than ever before," and added that Google won competitions that Apple and Mozilla held to pick the best search engines. The Justice Department's Kenneth Dintzer argued Google manipulated auctions for ads placed on the internet in order to raise prices for advertisers.

Washington is sprinting to keep pace with the AI revolution. So where does that leave Wall Street?

The biggest tech antitrust trial in 25 years begins as the U.S. government targets Google's search dominance

Google, the country’s dominant search engine, faces its biggest legal threat ever this week when the company goes on civil trial in Washington on allegations of violating U.S. antitrust laws. The Justice Department’s case is aimed at Google search, and whether the company has used illegal agreements to sideline its rivals and harmed consumers and advertisers in the process.

Alphabet Inc.'s Google spends around more than $10 billion a year to maintain its position as the default search engine on web browsers and mobile devices, said US Justice department during the antitrust trial, that began in Washington on Tuesday. “This case is about the future of the internet and whether Google’s search engine will ever face meaningful competition," Kenneth Dintzer, a government lawyer, said in his opening statement. “The evidence will show they demanded default exclusivity to block rivals." The government lawer accused Google of abusing its monopoly in general search.

By Diane Bartz

«This case is about the future of the internet,» said Kenneth Dintzer, arguing for the Justice Department that Google began in 2010 to illegally maintain its monopoly.

The United States and Vietnam formed business deals and partnerships worth billions of dollars to advance cooperation in artificial intelligence (AI) technologies and others, according to remarks from a joint press conference on Sept. 11.