Alphabet

July 26, 2024 4:08 PM

Google AI systems make headway with math in progress toward reasoning

Alphabet's Google unveiled a pair of artificial intelligence systems on Thursday that demonstrated advances in solving complex mathematical problems, a key frontier of generative AI development. The current class of AI models, which work by statistically predicting the next word, have struggled with abstract math, which requires greater reasoning capabilities resembling human intelligence. DeepMind, the company's AI unit, published results showing that its new AI models in development, called ...

July 16, 2024 4:31 PM

Google deal for ‘hot market’ cyber firm Wiz would bolster cloud security

If Alphabet's Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon and Microsoft, experts said. Alphabet is in advanced talks to acquire Wiz, a person familiar with the matter said on Sunday, in an up to $23 billion deal that would be Google's most expensive acquisition and provide it with cybersecurity products that defend against ransomware gan...

June 13, 2024 1:43 PM

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft's market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months. The stock surge comes as the tech-heavy Nasdaq hit a record high on fresh signs of ...

June 12, 2024 2:16 PM

How Apple used Google’s help to train its AI models

On stage on Monday CEO Tim Cook's Apple announced a splashy deal with OpenAI to include its powerful artificial intelligence model as a part of its voice assistant, Siri. But in the fine print of a technical document Apple published after the event, the company makes clear that Alphabet's Google has emerged as another winner in the Cupertino, California, company's quest to catch up in AI. To build Apple's foundation AI models, the company's engineers used its framework software with a range of...

June 6, 2024 11:50 AM

Nvidia overtakes Apple as No. 2 most valuable company

Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. Nvidia is preparing to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors. The surge in Nvidia's market value above Apple's marks a shift in Silicon Valley, which the company co-founded by Steve Jobs has dominated since it launched...

May 15, 2024 2:38 PM

Alphabet debuts beefed-up AI search and chatbot as competition heats up

Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it races to compete with AI rivals. The flurry of announcements underscores Google's efforts to refresh its products since Microsoft-backed OpenAI’s 2022 launch of ChatGPT dazzled the public, threatening the incumbent's long reign over online search and AI. Among Google’s latest salvos was an addit...

April 25, 2024 7:04 PM

Meta sparks tech selloff as AI splurge spooks Wall Street

Shares of Meta Platforms META sank nearly 15% on Thursday, sparking a selloff in big tech stocks after the social media giant signaled its costly bet on AI would take years to pay off. The premarket drop was set to erase more than $180 billion from the company's market value and triggered a drop of 2% to 5% in shares of AI-focused firms Microsoft MSFT.O, Alphabet and Snap SNAP. Meta CEO Mark Zuckerberg, who floored Wall Street last year with his cost-cutting drive, said on a post-ear...