Tag Archives: bln

Microsoft Azure losing money on $29 bln in revenue

Microsoft Azure losing money on $29 bln in revenue

Satya Nadella, chief executive officer of Microsoft Corp., during the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images Google has for years been playing catch-up in the cloud infrastructure market, where it’s seen in the industry as a distant third in the U.S., behind Amazon and Microsoft. The challenge for investors is that the three companies don’t report cloud infrastructure metrics in a way that makes them easily comparable. However, an… Source link

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India’s Reliance to develop new smartphone with Google in $25 bln 5G push

India’s Reliance to develop new smartphone with Google in $25 bln 5G push

Commuters are reflected on an advertisement of Reliance Industries’ Jio telecoms unit, at a bus stop in Mumbai, India, February 21, 2017. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register Reliance plans 5G push to take on rivals in India Partners with Google to make new phone Intends to launch new consumer goods business Ambani says children taking leadership roles, being mentored NEW DELHI, Aug 29 (Reuters) – India’s telecom leader Reliance (RELI.NS) said on… Source link

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Google faces $1 bln UK trial over app store pricing

Google faces $1 bln UK trial over app store pricing

LONDON, July 19 (Reuters) – Google (GOOGL.O) faces a London trial over an estimated 920-milion-pound ($1.1 billion) damages claim after a court authorised a lawsuit that alleges the Alphabet-owned tech giant overcharged 19.5 million customers for app store purchases. The class action, which was certified by the Competition Appeal Tribunal on Monday, alleges Google abused its dominant position by charging up to 30% commission on popular apps on its Play Store, including Roblox, Candy Crush… Source link

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Google backs India’s ShareChat in $300 mln funding round at $5 bln valuation

Google backs India’s ShareChat in $300 mln funding round at $5 bln valuation

ShareChat logos are seen in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 30 (Reuters) – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s (GOOGL.O) Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A… Source link

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Google to invest $9.5 bln in U.S. offices, data centers this year

Google to invest $9.5 bln in U.S. offices, data centers this year

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register April 13 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022… Source link

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