Alphabet

Eric Schmidt stepping down as chair of Alphabet board

San Francisco - Muslimchronicle

Google's parent company Alphabet on Thursday announced that Eric Schmidt will step down as chairman, remaining on the board but shifting into a role as a technical advisor. "In recent years, I've been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work," Schmidt said in a release. Schmidt's stint as executiveRead more

Alphabet quarterly profit climbs

Washington - Muslimchronicle

Google's parent company Alphabet (Xetra: ABEA.DE - news) on Thursday reported profit in the recently-ended quarter leapt as money poured in from ads delivered to mobile devices and returns improved on "other bets." Alphabet profit was up 32.4 percent to $6.7 billion on in the quarter on revenue that increased 24 percent to $27.8 billion, up 24 percent from theRead more

Alphabet quarterly profit climbs on ads and other bets

San Francisco - Muslimchronicle

Google-parent Alphabet on Thursday reported that its profit in the recently ended quarter climbed 32.4 percent to $6.7 billion with revenue up from online ads as well as "other bets." Alphabet said revenue in the quarter was $27.8 billion, up 24 percent from the same period a year earlier, with chief financial officer Ruth Porat crediting "strength across Google andRead more

Debate swirls as power of US tech giants grows

Washington - Muslimchronicle

With a handful of US technology giants growing more powerful and dominant, debate is intensifying on whether big tech's growth is healthy or not. Over the past few years, Apple, Google parent Alphabet, Facebook and Amazon have become among the world's most valuable companies. Along with stalwarts like Microsoft and rising stars like Netflix, the tech firms exercise enormous controlRead more

Alphabet profit takes hit from EU fine on Google

San Francisco - Muslimchronicle

Google parent Alphabet on Monday reported a quarterly profit of $3.5 billion, with a massive fine by the European Commission biting into earnings. The technology giant reported that revenue grew to $26 billion in the recently ended quarter, and that profit would have tallied nearly $6.3 billion if it weren't for a $2.74 billion antitrust fine levied on search engineRead more

Google overhauls policies after uproar over YouTube videos

San Francisco - Arab Today

Four years ago, Robert Kyncl, YouTube’s business lead, confessed a mistake. "I thought that YouTube was like TV. But it isn’t," he said at Google’s annual advertising show. "YouTube talks back. It’s interactive. And YouTube is everywhere." Kyncl’s message resonated with advertisers. Gross ad revenue at YouTube soared from roughly $4 billion in 2013 to $11 billion last year, brokerageRead more

Google to revamp ad policies after UK, big brands boycott

London - Arab Today

Google, the primary revenue driver for Alphabet, announced changes to its advertising policies after major brands pulled ads from the platform because they appeared alongside offensive content, such as videos promoting terrorism or anti-Semitism. The US company said in a blog post on Friday it would give clients more control over where their ads appear on both YouTube, the video-sharingRead more

Airbnb closes $1 billion funding round with war chest for growth

San Francisco - Arab Today

Airbnb closed a funding round of more than $1 billion, valuing the home-sharing start-up at about $31 billion, according to three people familiar with the company. In December, Bloomberg first reported the company’s plans to increase the funding it was seeking by authorising the sale of an additional $153 million in equity. Investors include Alphabet investment arm CapitalG and TechnologyRead more

Autonomous cars don't need human drivers

San Francisco - Arab Today

California relaxed several rules on self-driving cars as the state tries to maintain its status as a leading test bed for the future of transportation. The state’s Department of Motor Vehicles (DMV) released proposed regulations on Friday for autonomous vehicles, dropping an earlier requirement that a human driver had to be present while testing on public roads. The DMV alsoRead more

Uber CEO caught arguing with driver over fare

San Francisco - Arab today

Uber Technologies Inc Chief Executive Travis Kalanick on Tuesday said it was time for him to “grow up” and get help after a video was published showing him getting into an argument with a driver for the ride service who complained about pay rates. Bloomberg on Tuesday published a video of Kalanick, a co-founder of the company, arguing with aRead more