Tag Archives: company

Self-driving cars are still many years away from becoming a ubiquitous reality, but today, one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex — the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) — today announced that it is spinning out its self-driving car unit from… Source link

The internet giant on Thursday reported nearly $38.3 billion in revenue for the second quarter, down 2% from the year prior. Still, revenue was slightly higher than the $37.4 billion Wall Street analysts had expected. The company posted net income just shy of $7 billion, which also beat analysts’ projections. “We continue to navigate through a difficult global economic environment,” Alphabet CFO Ruth Porat said in a statement with the earnings report. Source link

Google parent company Alphabet warned in last quarter that it was expecting to see the impact of coronavirus in the second quarter results, and it was: the company saw its first revenue decline in its history. But it managed to beat Wall Street’s revenue expectations. Total revenue for the quarter was $38.3 billion, versus the $37.4 billion expected, but that marks a 2 percent decline from the second quarter of 2019. Net income dropped from $9.9 billion a year ago, to $6.9 billion…. Source link

EXCLUSIVE: Former Trump campaign aide Carter Page is suing Yahoo parent company Oath Inc. over “false and defamatory statements,” claiming the outlet “portrayed him as a traitor to America” who illegally conspired with Russia to influence the 2016 election. The suit – obtained by Fox News — was filed Monday in Delaware Superior Court and accuses Oath’s Yahoo News and HuffPost of publishing stories about Page “with actual knowledge of falsity or with a reckless… Source link

According to Bloomberg, Google is investing USD 4 billion in India’s Jio platforms, a subsidiary of conglomerate Reliance Group, to create affordable smartphones for the Indian market. The news ensued company CEO Sundar Pichai’s claim that Google will invest USD 10 billion in India over the next 5-7 years. Jio has already received capital from prestigious investors including Facebook, Silver Lake Partners, Intel Ventures, and etc. Only last week, the company sold 0.15 percent of… Source link

The Alaska Department of Public Safety condemned the actions of Google as “deplorable” after the company canceled a “pay-per-click” recruitment ad for the Alaska State Troopers as it was considered to be political or a potential election advertisement. The advertisement was not completely removed from YouTube, the department said Thursday in a news release, but the department was unable to pay for further distribution of the ad in which Dunleavy expresses support for law… Source link