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Alphabet Inc.

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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.

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Roku's free streaming app, The Roku Channel, is now available on Google TV and other Android-powered TV platforms. The app, which provides subscription-free TV shows and movies, reached over 100 million people in the US by the end of last year. The Roku Channel is part of the rapidly expanding FAST (free ad-supported streaming television) segment, competing with platforms like Pluto TV, Amazon Freevee, Vizio WatchFree Plus, and Tubi.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:03 pm

Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm

Google, a subsidiary of Alphabet Inc, has deprioritized its AI-powered mobile chatbot app, 'Bubble Characters', due to an internal reorganization. The app, aimed at Gen Z users, utilized large language models and massive data sets to generate human-like text. The company has shifted focus to another chatbot project called Bard. Several top AI researchers from Google have left to establish their own chatbot companies, such as Character.AI.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 12:52 pm

George Hotz, a top American security hacker, stated that Meta Platforms Inc. (META) CEO Mark Zuckerberg and Tesla Inc. (TSLA) CEO Elon Musk have a distinct decision-making power, which sets them apart from leaders like Sundar Pichai, CEO of Alphabet Inc. (GOOG, GOOGL). Hotz also expressed his perspective on Meta's potential to outpace Google in the AI race.

Portfolio Pulse from Ananya Gairola

July 12, 2023 | 8:05 am

Elon Musk has sparked a debate about the issue of hallucinations in chatGPT, an AI language model developed by OpenAI. Musk expressed skepticism about the accuracy of chatGPT's answers. OpenAI's chatGPT and Microsoft's Bing AI, which uses the same technology, have previously faced criticism. Google's chatbot, Google Bard, has also been criticized for providing incorrect information.

Portfolio Pulse from Ananya Gairola

July 12, 2023 | 1:54 am

Benzinga Pro has released the list of the 20 most-searched tickers for the first half of 2023. The top 10 include SPDR S&P 500 ETF Trust (SPY), Tesla Inc (TSLA), Nvidia Corp (NVDA), Apple Inc (AAPL), C3.ai Inc (AI), Amazon.com, Inc. (AMZN), Advanced Micro Devices (AMD), Invesco QQQ Trust Series 1 (QQQ), Meta Platforms Inc (META), and First Republic Bank (FRCB). The list also includes honorable mentions from 11th to 20th place. C3.ai was the only newcomer to the top 10, with a 229.1% YTD return.

Portfolio Pulse from Chris Katje

July 11, 2023 | 9:08 pm

Speculative fever is building in the stock market, driven by a rally in the 'magnificent seven' stocks: Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Predictions suggest a 100 point move in the S&P 500 following the release of CPI data. Nasdaq is set to conduct a special rebalance of the Nasdaq 100 due to the weight of these seven stocks. This may slightly impact these stocks negatively. Meanwhile, optimism from China's stimulus is influencing the U.S. market. An analyst predicts Bitcoin will reach $100K by the end of 2024.

Portfolio Pulse from The Arora Report

July 11, 2023 | 5:06 pm

Nothing's CEO, Carl Pei, has expressed disinterest in launching a foldable device, challenging the notion that this latest smartphone technology is the future. He dismissed rumors about a potential foldable phone from Nothing, labeling foldable as niche products. He also stated that consumers struggle to differentiate between foldable models, suggesting a lack of demand for such devices. However, he did not rule out the possibility of a foldable phone in the future.

Portfolio Pulse from Ananya Gairola

July 11, 2023 | 7:26 am

The Indian government is set to pass a law that lowers the age of consent for data sharing to 14 years, which could significantly impact the operations of Meta Platforms Inc (Facebook) and Google in India. The new draft law also changes from whitelisting to blacklisting countries where Indian citizens' data cannot be processed. The data of children can only be processed if it benefits the child, such as in healthcare or government schemes.

Portfolio Pulse from Arpit Nayak

July 11, 2023 | 5:58 am

The Nasdaq 100 Index, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), is set to undergo a significant rebalancing on July 24 to curb the dominance of large corporations including Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), NVIDIA (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA). This may lead to significant price shifts in the tech-heavy index. ETFs that follow the Nasdaq 100 Index, like the ProShares UltraPro QQQ ETF (NASDAQ:TQQQ), are also preparing for the rebalance.

Portfolio Pulse from Piero Cingari

July 10, 2023 | 8:15 pm

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