Alphabet is investing $5 billion in its self-driving car unit Waymo, enabling the company to continue building the world's leading autonomous driving company. The investment was announced by Alphabet's outgoing CFO Ruth Porat during the company's second-quarter earnings call. Waymo delivered $365 million in revenue during the second quarter, up from $285 million in the previous quarter.
AIAlphabet | Rating: 53 | 2024-07-23 10:19:40 PM |
Lyft President Kristin Sverchek will exit the company on August 20, with no disagreement within the company, board of directors, or management. She will continue as a non-employee advisor until November 30. Sverchek joined Lyft in 2012 and held various positions, including general counsel and president of business affairs.
BusinessLyft | Rating: 51 | 2024-07-23 10:09:51 PM |
Alphabet, a tech giant, reported a 1% decline despite beating top and bottom lines in the second quarter, earning $1.89 per share on $84.74 billion in revenue. Tesla, an electric vehicle maker, saw its shares decline 4.7% after missing consensus estimates, reporting adjusted earnings per share at 52 cents. The companies' performances were notable in extended trading.
AIAlphabet | Rating: 53 | 2024-07-23 09:39:39 PM |
OpenAI removed Aleksander Madry, its top safety executive, from his role as head of preparedness and reassigned him to a job focused on AI reasoning. Madry was responsible for tracking and protecting against catastrophic risks related to frontier AI models. He is also director of MIT's Center for Deployable Machine Learning and a faculty co-lead of the MIT AI Policy Forum. The decision came less than a week after OpenAI CEO Sam Altman spoke at the Microsoft Build conference.
AIOpenAI | Rating: 71 | 2024-07-23 09:09:41 PM |
Alphabet, the parent company of Google, reported earnings that met expectations, with a revenue of $84.74 billion and earnings of $1.89 per share. The company's YouTube advertising revenue fell short of expectations, coming in at $8.66 billion. Google Cloud revenue also exceeded expectations, reaching $10.35 billion. The report also included traffic acquisition costs of $13.39 billion.
AIGoogle | Rating: 60 | 2024-07-23 08:19:28 PM |
Duplicated with: 1 | 2024-07-23 07:49:37 PM |
The S&P 500 inched higher on Tuesday, with the market in a wait-and-see mode ahead of earnings from megacap tech stocks, including Alphabet, and the release of the Federal Reserve's favorite inflation gauge on Friday. The CNBC Investing Club with Jim Cramer is holding off on making any major moves, preferring to see the market work off its overbought condition before the busy earnings slate and Fed-related events over the next week and a half.
AIAlphabet | Rating: 57 | 2024-07-23 07:09:33 PM |
Former US President Donald Trump expressed his willingness to debate Vice President Kamala Harris multiple times if she is nominated by the Democratic National Convention. Trump made the statement after President Joe Biden dropped out of the election contest and endorsed Harris as his replacement. The potential debate would be between Trump, the Republican nominee, and Harris, the expected Democratic nominee.
PoliticsTrump | Rating: 48 | 2024-07-23 07:09:33 PM |
The price of bitcoin fell by 3% to $65,891.50, while ether dropped by over 1% to $3,445.10, due to profit taking after their recent gains. Mt. Gox transferred more bitcoin to creditors, and investors took profits following the cryptocurrency's best week since March. The market is expected to absorb the negative impact, thanks to long-term optimism on the success of ether ETFs and the U.S. presidential election.
FinanceBitcoin | Rating: 51 | 2024-07-23 07:09:33 PM |
U.S. Senator Robert Menendez (D-NJ) will resign his Senate seat effective August 20 after being convicted of all 16 criminal counts in a federal bribery case. He was found guilty of accepting bribes, including cash and gold bars. New Jersey Governor Phil Murphy, a Democrat, will appoint a senator to fill out the remainder of Menendez's term.
PoliticsMenendez | Duplicated with: 1 | Rating: 60 | 2024-07-23 06:29:32 PM |