Since Sundar Pichai’s appointment to Alphabet CEO last December, there have been a number of high-level changes. The latest sees the parent company today pull support for offshore wind kites developed by former X project Makani.
Jigsaw is an Alphabet company focussed on tackling global security challenges through technology. According to a new report today, Jigsaw has been moved back within Google.
Alphabet today announced Q4 2019 earnings with $46.075 billion in revenue. These numbers range from October to December, and includes the busy holiday shopping season for Made by Google’s hardware efforts.
In his first big public move since being appointed the CEO of Alphabet last month, Sundar Pichai today called for AI regulation to govern how the promising new technology is leveraged.
Since the start of this week, investors have been waiting for Alphabet to hit a market value of $1 trillion. Google’s parent today joins only three other companies to ever hit that marker.
Longtime Google employee David Drummond is retiring from Alphabet on January 31. In addition to being chief legal officer of the parent company, he leads corporate development.
Sundar Pichai is one of the highest-paid executives in the world. Alphabet today outlined his new compensation package for the expanded role he’s taking on as CEOs of both Google and the parent company.
Following Sundar Pichai becoming CEO of Alphabet last week, the next corporate change is a new member of the parent company’s board of directors. Frances Arnold brings her experience as a Nobel chemistry laureate and CalTech professor.
Larry Page and Sergey Brin announced this afternoon that current Google CEO Sundar Pichai is also taking on the role of Alphabet chief executive. This is described by the co-founders as a move to simplify management.
Early last year, X unveiled Chronicle as the moonshot lab’s latest graduate. Joining Alphabet, it was focused on cybersecurity and included VirusTotal. Back in June, it was folded into Google Cloud where it’s now apparently struggling.
Alphabet today announced Q3 2019 earnings with $40.49 billion in revenue. These numbers range from July to September, and did not entirely meet analyst expectations.
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Last month, reports first emerged that Fitbit was considering a sale and Google’s parent company was tentatively floated as a possible candidate. Reuters this morning is reporting that Alphabet has made an offer to acquire the wearable company.
With the year well underway, Alphabet today announced Q2 2019 earnings with $38.94 billion in revenue. These numbers range from April to June, and slightly surpassed expectations with the stock up 7.39% in after-hours trading.
Chronicle is an Alphabet company dedicated to enterprise cybersecurity. After graduating from the X Moonshot Factory in early 2018, it is now joining Google Cloud.
Following Alphabet’s Q1 2019 earnings yesterday, the parent company announced a number of changes to its board of directors. Eric Schmidt and Diane Greene are not seeking re-election and will be leaving later this year.
Alphabet yesterday reported disappointing Q1 2019 earnings that led to the stock falling in after-hours trading and an over 8% drop Tuesday morning. The company missed revenue by about a billion dollars as ad revenue growth slowed amid worries that advertisers are moving to Facebook and Amazon.
Alphabet this afternoon reported Q1 2019 net income of $6.6 billion on $36.33 billion in revenue. The stock is down over 7% in after-hours trading following a revenue miss. During the earnings call, Alphabet CFO Ruth Porat noted a similar decline for Pixel sales. Google also confirmed the May 7th hardware announcement for I/O 2019.
Alphabet today announced Q1 2019 earnings to start the new year with revenue of $36.33 billion. It notably takes into account the $1.7 billion fine levied by the European Commission over Google AdSense violations. These numbers range from January to March, and did not meet analysis expectations with the stock down over 4% in after-hours trading.
Alphabet’s relationship with Uber is wide-ranging and increasingly contentious. The ridesharing company filed its S1 today ahead of an initial public offering. A number of details about the relationship were revealed, including Uber’s usage of Google Maps and the Waymo threat.
DeepMind — quite prominently — claims to be the “world leader in artificial intelligence research.” AlphaGo and AlphaStar certainly lend credence to that title, but the Alphabet division’s end goal is artificial general intelligence (AGI). If it ever achieves that landmark accomplishment, DeepMind — and not its parent company — will reportedly retain control.
In other energy-related developments today, Alphabet’s Makani energy kite project is graduating from the X Moonshot Factory. It is partnering with oil and gas giant Shell to expand to offshore environments as part of becoming an independent Alphabet company.
Alphabet today announced its Q4 2018 earnings to wrap up the last fiscal year. Including the busy holiday season, Google and the other companies earned $39.27 billion, up 22% from the same quarter last year. These numbers range from October to December and slightly surpassed analyst expectations, but the stock is currently down 3.69% in after hours trading.
Last October, an investigative report detailed how Google shielded top executives like Andy Rubin following accusations of sexual misconduct. Instead of being explicitly fired, their departures included massive compensation packages. Alphabet shareholders today filed suit against the board of directors claiming “breaches of fiduciary duties.”