|Bid||1,348.55 x 1100|
|Ask||1,353.05 x 1100|
|Day's range||1,343.92 - 1,352.98|
|52-week range||970.11 - 1,359.45|
|Beta (5Y Monthly)||1.02|
|PE ratio (TTM)||28.92|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,501.98|
The first driverless cars were supposed to be deployed on the roads of American cities in 2019, but just a few days before the end of the year, the lofty promises of car manufacturers and Silicon Valley remain far from becoming reality. Recent accidents, such as those involving Tesla cars equipped with Autopilot, a driver assistance software, have shown that "the technology is not ready," said Dan Albert, critic and author of the book "Are We There Yet?" on the history of the American automobile. - Are autonomous cars on the roads?
The chair of a U.S. congressional panel wrote to Alphabet's Google and to Apple on Friday to ask what if any disclosures mobile apps are required to make regarding overseas ties, a concern that follows reports of Chinese investment in popular apps such as TikTok and Grindr. Rep. Stephen Lynch, chairman of a subcommittee of the House of Representatives Oversight Committee, said in a statement that he had asked both Google and Apple to tell Congress whether they required app developers to disclose any non-U.S. ties. Concern over China acquiring sensitive data about U.S. citizens through social media apps is one of several sore areas in relations between the United States and China even as U.S. President Donald Trump's trade war with China fans suspicion between the world's two largest economies.
Google Cloud today announced Transfer Service, a new service for enterprises that want to move their data from on-premise systems to the cloud. This new managed service is meant for large-scale transfers on the scale of billions of files and petabytes of data. It complements similar services from Google that allow you to ship data to its data centers via a hardware appliance and FedEx or to automate data transfers from SaaS applications to Google's BigQuery service.
Waymo has acquired Latent Logic, a U.K. company that spun out of Oxford University's computer science department, as the autonomous vehicle company seeks to beef up its simulation technology. The acquisition also marks the launch of Waymo's first European engineering hub, which will be in Oxford, U.K. This likely won't be the end of Waymo's expansion and investment in Europe and the U.K. The former Google self-driving project that is now an Alphabet business said it will continue to look for opportunities to grow the team in the U.K. and Europe.
Australia said on Thursday technology giants such as Facebook Inc and Google will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them. Prime Minister Scott Morrison said the Australian Competition and Consumer Commission (ACCC) will create a code of conduct to address complaints that the technology companies have a stronghold on advertising, the main income generator of local media operators.
Google today released its annual "Year in Search" data that takes a look back at some of the most notable searches of 2019. Specifically, Google looked at the biggest trends -- meaning, search terms that saw the largest spikes in traffic over a sustained period in 2019 compared to 2018. In the U.S., Disney's new streaming service "Disney Plus" was the biggest search trend of 2019, followed by Cameron Boyce, Nipsey Hussle, Hurricane Dorian, Antonio Brown, Luke Perry, Avengers: Endgame, Game of Thrones, iPhone 11 and Jussie Smollet.
Google Cloud today announced the launch of its new E2 family of compute instances. The E2 family runs on standard Intel and AMD chips, but as Google notes, they also use a custom CPU scheduler "that dynamically maps virtual CPU and memory to physical CPU and memory to maximize utilization." In addition, the new system is also smarter about where it places VMs, with the added flexibility to move them to other hosts as necessary. To achieve all of this, Google built a custom CPU scheduler "with significantly better latency guarantees and co-scheduling behavior than Linux’s default scheduler." The new scheduler promises sub-microsecond wake-up latencies and faster context switching.
A year ago, Shoshana Zuboff dropped an intellectual bomb on the technology industry. In a 700-page book, the Harvard scholar skewered tech giants like Facebook and Google with a damning phrase: “surveillance capitalism.” The unflattering term evokes how these companies vacuum up the details of our lives, make billions from that data and use what they’ve learned to glue our attention more firmly to their platforms. A bestseller in Canada and Britain, “The Age of Surveillance Capitalism” was published in the U.S. in January, is being translated into 17 languages and has inspired two small theater productions.
Microsoft has had an incredible year, from the growth of its cloud business to its plans to roll out a new game streaming service in 2020.
In June, PayPal announced its Chief Operating Officer Bill Ready would be departing the company at the end of this year. Now we know where he's ending up: Google. Ready will join Google in January as the company's new commerce chief, reporting directly to Prabhakar Raghavan, SVP, Ads, Commerce and Payments.
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday. The $2.1 billion deal will give search and advertising giant Google the capability to take on Apple and Samsung in the crowded market for fitness trackers and smart watches. Watchdog groups like Public Citizen and the Center for Digital Democracy, among others, have urged antitrust enforcers to block the deal on the grounds that it will give Google even more data about American consumers.
Alarm clocks were one of the most obvious implementations since the introduction of the smart screen. Devices like Lenovo’s Smart Clock and the Amazon Echo Show 5 have demonstrated some interesting features in the bedside display form factor, and Google has worked with the former to refine the experience. Per a blog post that went up this morning, the alarm ringtone is based on the company’s open-source project, Magenta.
EU antitrust regulators are considering taking a tougher line against tech giants by forcing them to do more to ensure a level playing field, a senior European Commission official said on Tuesday, a move which could affect Facebook, Amazon, Apple and Google. The four U.S. tech companies are currently in EU competition enforcers' crosshairs, with rivals complaining about being shut out of key markets. The Commission has traditionally ordered companies to halt anti-competitive practices.
The European Commission has sent detailed questionnaires to news publishers as it tries to understand whether the way Google collects data from their websites allows it to stifle competition in online advertising. The questions also ask whether Google provides any technical support or compensation in exchange for the data. In a sign of how the commission’s antitrust investigators are trying to shape a case against Google, the questions focus on whether the internet company is using its dominance to force publishers into sharing data, and whether that data is then repackaged and sold on by Google to third parties, giving any of its advertising clients the same information that news websites have about their readers.
Google, Alibaba and other "Big Tech" companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook's plan for its Libra "stablecoin" faces scrutiny, a global body of regulators from the world's main financial centres said that Big Tech's growing tentacles raised questions for financial stability, competition and data privacy. The Financial Stability Board (FSB) called in a report released on Sunday for "vigilant monitoring" of Big Tech's shift into financial services, which it said could crimp the ability of banks to generate capital through retained profits.
Music streaming services have skyrocketed in recent years, but challenges still remain when it comes to artist compensation.
The Communications Workers of America union filed a federal labor charge against Alphabet Inc's Google on Thursday, accusing the company of unlawfully firing four employees to deter workers from engaging in union activities. The complaint, seen by Reuters, will trigger a National Labor Relations Board (NLRB) investigation into whether Google violated the four individuals' right to collectively raise concerns about working conditions. Google fired the four named employees "to discourage and chill employees from engaging in protected concerted and union activities," the filing states.
Peak globalization is one of 10 investing themes Bank of America-Merrill Lynch has highlighted for the next decade. Shifting demographics and automation are two other stories with investment implications.
It is easy to underestimate Sundar Pichai. One person who has worked with him at Google calls him “very cautious”, almost the opposite of the “buccaneering spirit” upon which the company was founded. As chief executive officer of Alphabet, he gains control of the group’s “moonshot” projects to develop driverless cars, delivery drones, and drugs to halt the effects of ageing.