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GOOG

Alphabet Inc.

Industry

Internet Content & Information

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California.

Open

179.11

Mkt cap

2.2T

Volume

9.6M

High

181.64

P/E Ratio

24.09

52-wk high

193.31

Low

178.89

Div yield

0.00

52-wk low

129.40

Alphabet Inc.'s YouTube TV has emerged as the company's fastest-growing product, with a 48% growth rate from October 2022 to October 2023, according to internal figures. The platform also recorded the highest engagement and retention rates among all Google products. The growth can be attributed to the December deal with the NFL to stream most Sunday Ticket games on YouTube TV. YouTube continues to significantly boost Google's revenues, with a 12.5% YoY ad revenue increase in the last quarter, totaling $7.95 billion.

Portfolio Pulse from Ananya Gairola

November 09, 2023 | 3:56 am

Google executive, Jamie Rosenberg, defended the company's revenue-sharing payments to smartphone manufacturers and carriers, arguing they are critical for sustaining the Android ecosystem. The Department of Justice's antitrust lawsuit claims that Google's substantial payments to Apple, Samsung, and other companies for default search engine placement have stifled competition. Lawyers for the Department disputed Rosenberg's testimony, suggesting that the Android operating system could be sustained with profits from the Google Play store.

Portfolio Pulse from Ananya Gairola

November 09, 2023 | 2:18 am

The EU's industry chief, Thierry Breton, is set to seek information from Alphabet Inc.’s YouTube and ByteDance-owned TikTok regarding their child protection policies. This is part of a wider effort to ensure tech giants align with new EU regulations, known as the Digital Services Act (DSA), which require tech companies to increase efforts against harmful and illegal online content, particularly those targeting minors. Non-compliance with DSA could lead to fines of up to 6% of a company’s global turnover.

Portfolio Pulse from Benzinga Neuro

November 09, 2023 | 1:43 am

Google has expanded its Generative AI in Search to over 120 new countries and territories. Additionally, it has enabled four new languages: Spanish, Portuguese, Korean, and Indonesian for everyone using SGE.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 6:04 pm

Google has announced an expansion of its partnership with AI safety and research startup Anthropic. The partnership includes collaborations on AI safety standards and AI security, and Anthropic will use Google's Cloud TPU v5e chips for AI inference. Anthropic has built one of the largest Google Kubernetes Engine clusters and uses Google's AlloyDB and BigQuery. Anthropic is also using Google Cloud's security services, including Chronicle Security Operations, Secure Enterprise Browsing, and Security Command Center. Anthropic is one of the first companies to deploy at scale TPU v5e, Google Cloud's most versatile, efficient, and scalable AI accelerator.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:04 pm

Google, in partnership with several European telecom companies, is urging the European Commission to recognize Apple's iMessage as a 'core' service, which would force Apple to make iMessage interoperable with other messaging services. This comes amidst an ongoing EC investigation to determine if iMessage meets the stringent criteria to fall under the purview of the DMA. Apple and Microsoft have been lobbying to exempt their services from this designation.

Portfolio Pulse from Rounak Jain

November 08, 2023 | 12:52 pm

Elon Musk has revealed that the personality of Grok AI, developed by xAI, is modeled after The Hitchhiker's Guide to the Galaxy. Grok AI has a sassy personality and can provide real-time information from the internet. It also has access to X's data, allowing it to provide real-time information from posts on X. The AI chatbot is being positioned as a competitor to Microsoft's OpenAI's ChatGPT, Microsoft's Bing AI, and Alphabet's Google Bard.

Portfolio Pulse from Rounak Jain

November 08, 2023 | 8:35 am

The Consumer Financial Protection Bureau (CFPB) has proposed a rule that would subject large nonbank consumer payment companies, including Apple Inc., Alphabet Inc., and PayPal Holdings Inc., to regular federal examinations. The move aims to ensure these companies comply with laws relating to unfair or deceptive practices and data privacy protections. The proposed rule targets companies that process over 5 million transactions annually.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 3:57 am

OpenAI, backed by Microsoft Corp (NASDAQ:MSFT), is reportedly paying its engineers an average of $925,000 per year, outpacing salaries at tech giants like Apple Inc (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL). The high salaries are driven by the growing demand for AI roles. OpenAI's valuation has also been increasing, recently reaching close to $80 billion.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 7:55 pm

The Consumer Financial Protection Bureau (CFPB) has announced that it will examine tech firms to ensure they are in compliance with funds transfer, privacy, and other consumer protection laws.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:01 pm

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