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Google, Meta, TikTok sue to block California youth social media law
The law, known as Assembly Bill 1709, prohibits such platforms from offering underage children "psychologically exploitative features" that could lead to compulsive use, such as providing personal recommendations and sending videos through autoplay features. It also requires the deletion of children's accounts with those features.
After laying off thousands, Meta now offers voluntary exit packages like Google and Microsoft. Here's all you need to know
Meta has launched a voluntary exit programme in France, designed to reorganize its team while pivoting towards artificial intelligence development. This attractive package includes severance pay, mobility leave, and extensive career support for transitioning employees. This initiative reflects a growing trend in the tech industry, as companies like Google and Microsoft are also adopting similar voluntary separation strategies. Employees wishing to participate must apply by November 5.
How to identify pure gold: 5 important tips for buyers during the festive season
During the festive season, it is essential for buyers to ensure the gold they purchase meets purity standards. They can use the BIS Care app to verify the HUID of jewellery. Checking for the three hallmark marks ensures authenticity and quality before making a purchase. Buyers should also verify the jeweller's BIS registration details before finalizing a transaction.
'Chernobyl-like' blackout soon: 'Godfather of AI' predicts crisis this year or next; Nobel laureate Geoffrey Hinton warns of risks to financial markets & power systems
AI could trigger a 'Chernobyl-like' crisis this year or next, Nobel laureate Geoffrey Hinton has warned, cautioning that the technology could temporarily disrupt financial or power systems. Speaking to The Guardian, the 'godfather of AI' also criticised tech leaders Elon Musk, Mark Zuckerberg and Sam Altman for allegedly putting profits ahead of safety, while saying a catastrophe could still be averted.
ETtech Explainer: Why Meta is raising billions through bonds
Developing AI models and offering AI-powered services requires enormous computing capacity. This involves building data centres, purchasing specialised chips and servers, expanding cloud infrastructure, and securing the electricity needed to run these facilities.
Google loses nearly half a trillion in market value: What went wrong with Alphabet?
Alphabet lost $482 billion in market value after its shares plunged nearly 13% following disappointing third-quarter results. Despite 103% growth in Google Cloud and more than 1 billion Gemini users, weaker search revenue and negative free cash flow raised fresh concerns about AI spending and Google’s advertising business.
Bengaluru man invests Rs 70 lakh to open a cafe, faces unexpected problem; explains why some cafes charge so much
Bengaluru-based founder Vikramaditya Shukla shared how his school friend’s Rs 60-70 lakh cafe investment has run into an unexpected challenge. Customers ordering just one Rs 150 coffee occupy tables for hours, driving away potential visitors. His post sparked debate over cafe pricing, with users suggesting hourly charges, laptop restrictions and other ways to manage seating.
California could become the first state to tax billionaires' wealth
The state of California is deliberating on a proposed one-off 5% tax on the net worth of billionaires via Proposition 40. The initiative encounters significant pushback from wealthy opponents and considerable financial resources aimed at defeating it. Governor Gavin Newsom warns that it might trigger a tax flight among the richest residents.
36-48 months of salary as Diwali bonus, rumours or true? Micron's bonanza to Indian employees confirmed by techie
Micron employees in India are reportedly receiving massive Diwali bonuses, with some payouts allegedly running into several times their annual salaries. Reddit discussions and posts on X have highlighted claims of employees receiving lakhs in cash and additional stock awards. One recently hired employee reportedly received Rs 12 lakh in cash and Rs 8 lakh worth of RSUs against an annual package of Rs 7-8 lakh.
Google Pay wants to help you pick your next outfit
Google Pay is testing a new fashion and lifestyle shopping feature in India, bringing personalised outfit recommendations, visual product search and virtual try-on to its payments app. The Discover section will allow users to explore clothing trends, find similar products by uploading photographs and get daily outfit suggestions. Powered by Google's Shopping Graph, which has over 60 billion product listings, the feature redirects users to merchants' websites to complete purchases.
Marvell to buy Lumentum in $115 billion deal in AI data-center bet
Marvell Technology is poised to acquire Lumentum in a groundbreaking all-stock transaction worth $115 billion. This strategic acquisition is intended to position Marvell more competitively against Broadcom in the rapidly growing AI sector. With this expansion, Marvell anticipates boosting its optical components production to satisfy the escalating demand in data transfer spurred by AI innovations in data centers.
US Stock Market today: Why are S&P 500, Dow Jones, Nasdaq down? Check top and worst performing stocks at Wall Street
Wall Street today saw one of the shocking losses as Google-parent Alphabet sufferedthe worst day since the company began trading at the US Stock Market.
US sues Google for failing to restore a former employee to a similar job following military deployment
According to a complaint filed in Manhattan federal court, Mark Davisson spent 2-1/2 years as a Google key account executive, where he handled accounts for the asset manager BlackRock, hedge fund Bridgewater Associates and the former Credit Suisse.
Google's Nvidia chip challenge boosts cloud sales, crimps cash flow
The trade-off, outlined by finance chief Anat Ashkenazi on Alphabet's post-earnings call on Wednesday, offers an early look at the costs of a business that has emerged as one of the company's biggest growth areas as investors fret over AI's threat to its lucrative search advertising business.
If you invested $1,000 in Google stock in 2006, here’s how much your Alphabet shares would be worth today
A $1,000 investment in Alphabet at the end of September 2006 would have grown to about $32,804 by October 22, 2026, with dividends reinvested. Here’s how Google stock outperformed the S&P 500 over two decades and what the company’s latest earnings reveal about its growth and AI spending.
Microsoft beats expectations fueled by Azure cloud business
Microsoft has unveiled its impressive financial performance, reporting a revenue of $92.3 billion and profits soaring past $36.6 billion. The Azure cloud services experienced a remarkable growth of 48%, driven by an increasing demand for AI technologies. In a strategic move, the company has offered voluntary buyouts to 60,000 employees while continuing to innovate hardware aimed at enhancing AI capabilities.
Shares in Google owner Alphabet sink on profit miss, ad slowdown
Alphabet has witnessed a notable decline in its net profit and advertising revenue for the third quarter, specifically from July to September. The net profit dropped 25 percent to $26.2 billion, which fell short of analyst predictions. While YouTube's revenue growth has decelerated, Google Cloud's revenue impressive surged by 103 percent. The company reports substantial capital expenditures at $51.
Microsoft beats expectations fueled by Azure cloud business
Microsoft shares popped more than five percent Wednesday afternoon after it reported better than expected revenue and profit, fueled by its Azure cloud computing division which grew by 48 percent in the September quarter. However, Google on Wednesday reported that revenue from its cloud division doubled to $30.7 billion during the quarter, bringing it closer to Microsoft's Azure revenue, which reached $33.2 billion in the same period.
Pepper crosses $11 million ARR as SEO and GEO pivot pays off, eyes $30 million in 12 months
The eight-year-old content platform says it is already profitable and expects roughly ₹20 crore EBITDA this financial year, with the US driving most of its growth
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