Tag Archives: billion

(Bloomberg) — Beijing’s clampdown on its most powerful internet firms is clouding the prospects for Tencent Holdings Ltd. and its $120 billion financial services operation just as it’s casting around for new sources of growth. China’s top watchdogs have stepped up oversight of the country’s most valuable company, scrutinizing everything from Tencent’s insights into the online behavior of a billion-plus people to an investment portfolio that spans hundreds of startups. Regulators… Source link

When choosing from the Cheesecake Factory menu of NCAA president Mark Emmert’s biggest failures over his decade-long tenure, there appears to be a clear low point. Emmert has bungled many things in his tenure, ranging from allowing politicians and judges to control the issue of athletes profiting off their likeness to the impotence of the rules enforcement department. There are plenty of other lowlights, including the equity issues that arose with the NCAA women’s basketball… Source link

TipRanks AI Is Booming: 2 ‘Strong Buy’ Stocks That Stand to Benefit The COVID pandemic may be receding, but it has left a mark on across multiple aspects of our lives. From mask mandates to travel restrictions, we chafe at some of the changes – but in the business world the use of artificial intelligence (AI) systems has dramatically expanded in the past year. This was probably inevitable – but AI brought advantages in coping with the pandemic for companies that could make use of it,… Source link

(Bloomberg) — Baidu Inc.’s stock offering in Hong Kong Tuesday marks an unlikely resurgence for founder Robin Li, who has fought his way back to relevance in China’s technology industry after squandering a near-monopoly in search. The internet giant raised $3.1 billion in the biggest homecoming by a U.S.-traded Chinese firm in the city since JD.com Inc. last June. Li’s firm has more than tripled its valuation from the trough last March, with about half the gains coming in the past… Source link

Google isn’t ready to give up on the traditional workplace just yet: The massive tech company has just announced plans to spend over $7 billion this year on offices and data centers across the U.S. “Coming together in person to collaborate and build community is core to Google’s culture, and it will continue to be an important part of our future,” CEO Sundar Pichai said in a recent blog post. “So we continue to make significant investments in our offices around the country.” The… Source link

(Bloomberg) — Caesar Sengupta, who has been leading Google’s efforts in payments and building products for the next generation of internet users, has resigned after about 15 years at the U.S. search giant. Sengupta has been based in Singapore and most recently worked as vice president and general manager of payments and the Next Billion Users initiative at Google. After starting at Google in 2006, he worked on digital payment services and ChromeOS. “After 15 years with Google, Caesar… Source link

The New York Times U.S. Rushes to Expand Vaccine Eligibility in a ‘Race Against Time’ CHICAGO — Officials in at least 18 states have committed in recent days to opening coronavirus vaccine appointments to all adults in March or April, part of a fast-moving expansion as states race to meet President Joe Biden’s goal of universal eligibility by May 1. In Ohio, all adults will be allowed to seek shots starting March 29. In Connecticut, April 5. In Alaska and Mississippi, all adults are… Source link

Google says it is doubling down on the office. The Alphabet Inc GOOG, +0.53%.  unit said it would spend $7 billion this year on expanding its footprint of offices and data centers across the U.S., including pouring $1 billion into its home state of California. The search-engine giant said it would hire at least 10,000 new full-time staff over the course of the year in anticipation of a post-pandemic recovery in the U.S. The spending… Source link

After a pause last year, Google announced Thursday that it will spend $7 billion on real estate in 2021. That money is going to be used to expand and build out space in 19 states.  Some of that is going toward data centers, further building out its cloud business. But that real estate is also going toward office space – adding room for thousands of hires in cities such as Atlanta and Chicago and opening new offices in Texas and Mississippi.  Google CEO… Source link

TOPEKA, Kan. (WIBW) – Google products have helped Kansas businesses generate $2.1 billion in 2020. Google says it released its Economic Impact Report on Thursday, March 18, and shared that 13,100 businesses, publishers and nonprofits in Kansas used its products to increase their online presence and connect with individuals and communities across the state, which helped generate $2.1 billion in economic activity in 2020. Google also said it plans to invest over $7 billion and create at least… Source link