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Revenue: $78.59 billion, according to LSEG. : $7.72 billion, according to StreetAccount. Traffic acquisition costs (TAC): $12.74 billion, according to StreetAccount. Wall Street is expecting Alphabet to report a second straight quarter of year-over-year revenue growth in the low teens. CEO Sundar Pichai told employees in January that more job cuts were likely coming in 2024, though he didn't specify at the time which teams would be affected.
Persons: Sundar Pichai, Prabhakar Raghavan, Raghavan, Liz Reid, Meta, Mark Zuckerberg's, Ruth Porat Organizations: Google, TAC, OpenAI, Microsoft, CNBC Locations: Brussels, Belgium, LSEG, StreetAccount
What would life be like if artificial intelligence solved all your problems? Death would become almost optional because you could take on digital form and keep going for a billion years. We human beings dislike our problems, naturally, but if we had no problems to solve, what meaning would life have? in the 10 years since Bostrom’s last book on the topic, “Superintelligence: Paths, Dangers, Strategies.” A.I. The idea that it will change the world has gone from a nerdy obsession to conventional wisdom.
Persons: Nick Bostrom, Bostrom’s Organizations: Oxford Locations: A.I
Criteo operates across three segments – marketing solutions, retail media, and Iponweb – but generated 83% of its $1.95 billion of revenue in 2023 from the marketing solutions segment. To many in the investor community, this was the death knell for cookies leading to uncertainty for Criteo's largest segment. Additionally, the company's retail media segment is a very appealing and growing business using software as a service for e-commerce companies. Petrus will likely nominate outside directors to the board as they rarely propose Petrus insiders for board seats. If it does not settle, Petrus has shown that they are willing to take a proxy fight to a vote.
Persons: Petrus, Rachel Picard, Megan Clarken, Alphabet's, Criteo, Frank Layden, Petrus —, Neuberger Berman, AllianceBernstein, Evercore, Ken Squire Organizations: Criteo, Petrus Advisers, Nasdaq, Alphabet's Google, TAC, Cadian Capital Management, Bloomberg, Reuters, 13D Locations: France, Europe, Americas, Asia, Pacific
I want meals to be a time we are all present togetherI know taking kids out for meals is stressful and chaotic. I will often cart a bag full of crayons and blank paper because my kids love to draw. We have tons of Wikki Stix — short sticks covered in non-toxic wax — that allow them to make creations beyond coloring. I'm not here to say my way is better than anyone else's way, and I don't judge people who do choose to use screens during meals. For our family, it means no screen time during meals, which might also mean I will never have a warm meal again.
Persons: We've, it's, I've, They've, I'm Organizations: Service
So they moved to Basildon, one of many “new towns” Britain built quickly to create new housing — in some cases, too quickly. “Cracks would start appearing in walls, and they’d have to flatten the houses and start again,” he said. It was naff.”Musically, his first love was Simon & Garfunkel, after he discovered he could play their songs on a guitar. “The early electronic musicians weren’t. They played weekly at a Basildon disco, “but we only had eight songs, so the set was pretty short,” he recalled.
Persons: Clarke’s, , Vince, Simon, Garfunkel, Locations: London, Germany, Basildon, Britain
(Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Alphabet CEO Sundar Pichai on Tuesday confirmed that Google pays Apple 36% of Safari search revenue, under the terms of a default search agreement that is core to the Justice Department's antitrust claims. Pichai was testifying in a separate lawsuit filed against Google by Epic Games, the maker of Fortnite. The Epic attorney then alleged that Google pays Samsung, Android's largest hardware partner, less than half of what it pays to Apple. Google's TAC costs include all of Google's payments to companies like Apple and Samsung to place its search engine in front of users. Apple, Google and Samsung did not immediately respond to CNBC's request for comment on Pichai's testimony.
Persons: Sundar Pichai, Mandel NGAN, MANDEL NGAN, Pichai, Google's, Kevin Murphy, Murphy, Connolly, John Schmidtlein, Leswing Organizations: Artificial Intelligence, Getty, Google, Apple, Epic Games, Washington , D.C, Samsung, Google's TAC, University of Chicago, Williams, Department, D.C Locations: Washington ,, AFP, Virginia, Washington
Apple continues to appease investors who are planning on holding the stock for the long term. The stock fell as much as 2.4% intraday Friday, one day after Apple's September quarter earnings showed a decline in total sales for a fourth straight quarter. Here's what analysts have to say about the outlook for Apple: Morgan Stanley Morgan Stanley remains "guarded" on Apple. The firm likes Apple's iPhone and Services revenues, tight discipline on operating expenses, its revenue growth catalysts and upside to earnings. The firm, which also kept its $225 price target, said it thinks Apple's December quarter results could be "largely uneventful."
Persons: Apple —, Apple, Morgan Stanley Morgan Stanley, Erik Woodring, Woodring, Morgan Stanley, Goldman Sachs Goldman Sachs, Goldman, Tim Long, Long, headwinds, James Cordwell, Wells Organizations: Apple, Barclays, Google TAC, JPMorgan JPMorgan Locations: Wells Fargo Wells, Wells Fargo
Google paid $26.3 billion to be the default search engine on mobile phones and web browsers in 2021, according to a slide made public Friday in a federal antitrust trial against the company. The number is a more granular look into how much Google pays partners, including Apple , to be the default search engine on their products. Bernstein previously estimated Google could pay Apple as much as $19 billion this year for the out-of-the-box default placement on Apple devices. Google has argued that users can still opt to change their default search engine with a few clicks. The slide included numbers dating back to 2014, when Google booked revenue of roughly $47 billion for the division and paid about $7.1 billion for the default status.
Persons: Sundar Pichai, Tim Cook, Joe Biden, Bernstein, UCWeb Organizations: Apple, White, Washington , D.C, Google, U.S . Department of Justice, LG, Motorola, Samsung, Mobile, Verizon, Mozilla, Opera, DOJ, TAC, U.S . Securities, Exchange Commission, Big Tech Locations: Washington ,, U.S
GOOGL YTD mountain Alphabet YTD Bottom line Lower-than-expected operating income for the third quarter and a Google Cloud miss dragged Alphabet shares lower by more than 6% in after-hours trading. The Google Cloud performance was particularly disappointing given the strength we saw when Microsoft (MSFT) also reported its Azure numbers on Tuesday evening. Quarterly commentary Despite the topline outperformance, seen in the earnings table above, segment sales at Google Network, Google Cloud and Other Bets came up short. Operating income and quarterly operating margin were also short of expectations as total Traffic Acquisition Costs (TAC) were marginally above expectations. Expenses in Google Cloud and Other Bets were higher than expected, and the company took charges associated with workforce and office space reductions.
Persons: Wall, Jim Cramer's, Jim Cramer, Jim, Leonardo Munoz Organizations: Google, LSEG, Microsoft, Google Services, Management, Google Network, YouTube, NFL, TAC, Capital, CNBC, View, Getty Locations: New York City
PORTLAND, Ore. (AP) — An off-duty pilot riding in the extra seat in the cockpit of a Horizon Air passenger jet tried to shut down the engines in midflight and had to be subdued by the crew, according to a pilot flying the plane. The San Francisco-bound flight on Sunday diverted to Portland, Oregon, where it was met by officers from the Port of Portland, who took Emerson into custody. Political Cartoons View All 1215 ImagesOne of the pilots told air traffic controllers that the man who posed the threat had been removed from the cockpit. “We’ve got the guy that tried to shut the engines down out of the cockpit. Sunday's incident occurred on a 76-seat Horizon Air Embraer 175 that left Everett, Washington, at 5:23 p.m. local time and landed in Portland an hour later.
Persons: Joseph David Emerson, Emerson, We’ve, , wasn’t, ___ Koenig, It's LiveATC.net Organizations: Horizon Air, Multnomah County Sheriff’s Office, Alaska Airlines, FBI, Federal Aviation Administration, FAA, Authorities, Air, Sound, Horizon Air Embraer Locations: PORTLAND, midflight, Oregon, Multnomah County, San Francisco, Portland , Oregon, Port of Portland, Seattle, Alaska, Portland, Everett, Washington, Dallas
LAS VEGAS (AP) — Jonathan Marchessault scored, Adin Hill made 23 saves and the Stanley Cup champion Vegas Golden Knights beat the Seattle Kraken 4-1 on Tuesday night after a banner-raising ceremony. Chandler Stephenson, Ivan Barbashev and Jack Eichel also scored for the Golden Knights. The Golden Knights improved to 6-1-0 in home openers, their only loss coming in 2018 to Philadelphia. The Golden Knights made it 2-0 when Seattle’s Brandon Tanev went to clear the puck past the goal, but Marchessault nicked it off course and past Grubauer. But just as he did in standing tall during the Golden Knights’ Stanley Cup run, Hill was outstanding in making six saves during the penalty kill.
Persons: — Jonathan Marchessault, Adin Hill, Conn Smythe, Marchessault, Chandler Stephenson, Ivan Barbashev, Jack Eichel, Jared McCann, Seattle’s, Philipp Grubauer, Mark Stone, Brett Howden, Stephenson, Stone, Seattle’s Brandon Tanev, Barbashev, Howden, Golden Knights ’, Hill, , ” Hill, ” Eichel, Dave Hakstol, William Carrier, Pierre, Edouard Bellemare, ___ Organizations: LAS VEGAS, Stanley, Vegas Golden Knights, Seattle, Vegas, Golden Knights, Nashville, San Jose, AP NHL Locations: Philadelphia, Howden, Hill, Seattle, San
The private equity firm's follow-on investment translates into an additional equity stake of 0.25% in Reliance Retail on a fully-diluted basis, taking KKR's total equity stake in the Indian company to 1.42%, the retailer said in a statement on Monday. That year, KKR had invested 55.5 billion rupees ($669.65 million) in Reliance Retail. Morgan Stanley acted as financial adviser to Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail reported a consolidated net profit of 91.81 billion rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.
Persons: Maggi, Niharika Kulkarni, Mukesh Ambani's, Jimmy Choo, Spencer, Pret, Ambani, Morgan Stanley, Aditya Kalra, Toby Chopra, Tomasz Janowski, Deepa Babington Organizations: REUTERS, KKR, Co Inc, Retail Ventures, Reliance, Reliance Retail, Saudi Public Investment Fund, General Atlantic, United Arab, Asian, IV, Reuters, Qatar Investment Authority, Unilever, Thomson Locations: Mumbai, India, DELHI, United Arab Emirates
Apple executives are expected to be called at the Google trial. Google has previously responded to the DOJ search antitrust suit. A few months ago, there was a belief that Microsoft's ChatGPT-infused Bing would usurp Google's search dominance. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Bing, Department's, Jim Cramer, Jim, Jeff Marks, Jim Cramer's, Sundar Pichai, Jonathan Kanter Organizations: Justice Department, Alphabet, Google, Washington , D.C, District of Columbia, Eastern, of, Union, Apple, Mozilla, Samsung, Verizon, DOJ, JPMorgan, TAC, Microsoft, chatbots, CNBC, US Department of Justice, Getty Locations: Washington ,, U.S, of Virginia, Google's
Because finding a way to balance the different interests of all four of these parties makes quantum mechanics look as easy as tic-tac-toe. Alas, though, this is not the version that Prime Minister Benjamin Netanyahu of Israel is trying to sell us. So, I want to appeal directly to President Biden and the Saudi crown prince, Mohammed bin Salman: Do not let Netanyahu make you his useful idiots. You cannot have normalization with an Israeli government that is not normal. It will never be a stable U.S. ally or Saudi partner.
Persons: Biden, they’ll, It’s, Benjamin Netanyahu, Mohammed bin Salman, Netanyahu Locations: United States, Saudi Arabia, Israel, Saudi, U.S
In the video of the interview, the snipers were seen using American-made Barrett sniper rifles. The sniper's unit is on the front lines somewhere in the Zaporizhzhia region. AdvertisementAdvertisementA view from the viewfinder of a Ukrainian sniper rifle at a shooting range amid Russia and Ukraine war in Donetsk Oblast, Ukraine on August 09, 2023. Inflicting psychological damage on the enemy and breaking their morale has long been a part of sniper operations. In a separate report on another front-line Ukrainian sniper unit, BBC reported that the unit, called the "Ghosts of Bakhmut," claims over 500 kills, with the leader claiming over 70 kills.
Persons: Ukraine's SBU, Barrett, Sasha, Nick Paton Walsh, Ignacio Marin, John Moore, Barrett MRAD Organizations: CNN, Service, Anadolu Agency, Getty, BBC, 28th Brigade, Kyiv Post, Defence, TAC Locations: Wall, Silicon, Zaporizhzhia, Ukrainian, Russia, Ukraine, Donetsk Oblast, Kyiv, Bakhmut
Ukrainian snipers rarely use ghillie suits, camouflage preferred by Western snipers, several marksmen told the Kyiv Post. For the US military, ghillie suit preparation is a key part of sniper training. A ghillie suit is not always necessary to achieve that though. But while they aren't fans of the ghillie suit, there's a few Western weapons they're fond of. The weapons that were tossed aside when these Western weapons showed up were the Soviet/Russian-made SVD "Dragunov " sniper rifles.
Persons: Vladimir Shtanko, Kyiv Post's Stefan Korshak, John Moore, Barrett MRAD, Barrett, Norma Magnum Organizations: Western, Kyiv Post, Service, Training Center, National Guard, Anadolu Agency, Getty, Kyiv, 28th Brigade, TAC, US Army, Marines, NATO Locations: Kyiv, Canada, Finland, Wall, Silicon, Novi Petrivtsi, Kiev, Ukraine, Ukrainian, Bakhmut, Soviet, Russia
There’s simply no systematic pulling apart of the Russian defensive system that I could observe,” Gady tweeted. “Weakening Russian defenses to a degree that enables maneuver,” which will include the use of cluster munitions, is a critical task in the weeks ahead. It is far too early to tell whether the Ukrainian counteroffensive has entered a more dynamic phase. The Kremlin has seized upon the slow progress of the Ukrainian counter-offensive: a rare opportunity to go beyond damage limitation. “Russian defensive lines are not all contiguous or uniformly suited for strong defence.
Persons: Bradley, There’s, George Barros, , , , Barros, Franz, Stefan Gady, ” Gady, “ It’s, Kostyantyn, ” “, Stringer, Mick Ryan, Gerasimov, Vladimir Putin, Ivan Popov, Gady Organizations: CNN, Institute for, , Legion, RFE, Radio Liberty, Reuters, Ukrainian Armed Forces, Army, Russian Defense Ministry Locations: Washington, Ukrainian, Mines, Europe, Russian, Ukraine, Orikhiv, Novodarivka, Zaporizhzhia Region, Australian, Kreminna, Kiev, , Zaporizhzhia, Donbas
Tulare Lake used to be the largest lake west of the Mississippi River. This year's rain and snowmelt have replenished the lake, flooding many of the region's farms. And here's what it looked like on April 30:This is how the area looked on April 30, after Tulare Lake flooded. As of June, the flooded parts of Tulare Lake spanned about 178 square miles, or 113,920 acres — almost the size of Lake Tahoe. Tulare Lake began to reappear this March, before the Sierra Nevada snowpack started meltin.
Persons: Lauren Dauphin, NASA EOSDIS LANCE, Brad Rippey, Rippey, Dennis Hutson, Hutson, Nicholas Pinter, University of California Davis, Organizations: Farmers, Service, NASA, U.S . Geological Survey, United States Department of Agriculture, Atmospheric Administration, TAC Farm, for Watershed Sciences, University of California, Agriculture Assembly, Southern Sierra, Southern Sierra Nevada snowpack, San, Sierra, Sierra Nevada snowpack Locations: Tulare, Mississippi, Wall, Silicon, California, U.S, San Joaquin, Tulare Lake, Lake Tahoe, Tulare County, San Joaquin Valley, Tulare Lake ., Southern Sierra Nevada, Joaquin Valley, Sierra Nevada, Central
Those Hall of Famers — like Stan Musial, Derek Jeter and so many other greats — had something in common: Except for the All-Star Game, they never changed teams. That singular identity gives their stars extra glimmer, but largely removes them from a new game sweeping the baseball landscape. The name is Immaculate Grid, and with apologies to the surging Atlanta Braves — who had eight selections for the National League’s team in Tuesday’s All-Star Game in Seattle — it’s the hottest thing going in the sport. The grid — named for the immaculate inning, in which a pitcher strikes out the side on nine pitches — is a daily quiz in the form of a tic-tac-toe board designed by Brian Minter, a software developer in suburban Atlanta. He said the game averages about 200,000 players every weekday.
Persons: Ted Williams, Tony Gwynn, Cal Ripken, Stan Musial, Derek Jeter, , Brian Minter Organizations: Cal, Cal Ripken Jr, Famers, Immaculate Grid, Atlanta Braves —, National League’s Locations: Detroit, Pittsburgh, Seattle, Atlanta
Singapore kicks off the world's first Olympic Esports Week
  + stars: | 2023-06-23 | by ( Audrey Wan | ) www.cnbc.com   time to read: +2 min
An athlete warms up before the cycling finals on the second day of Olympic Esports Week in Singapore. Yong Teck Lim | Getty ImagesSINGAPORE — Singapore is hosting the inaugural Olympic Esports Week where over 100 athletes from around the world are competing across 10 virtual sports. It builds on the success of the Olympic Virtual Series staged before the Tokyo Summer Games in 2021, which attracted 250,000 participants, the IOC added. Singapore is no stranger to esports competitions, launching the Singapore Games Association to develop the country's esports ecosystem. The Singapore Tourism Board said the country has the potential to become a "top-of-mind destination for esports fans globally," CNA reported.
Persons: Yong Teck Lim, Alvin Tan, Tan, Halimah Yacob, Newzoo Organizations: Getty, SINGAPORE —, Olympic, International Olympic, Olympic Games, Straits Times, International Olympic Committee, Tokyo Summer Games, IOC, Singapore Games Association, Singapore Tourism Board, CNA Locations: Singapore, SINGAPORE, SINGAPORE — Singapore, Suntec City, Esports, Asia Southeast Asia, Statista
Their conclusion: 19% of workers hold jobs in which at least half their tasks could be completed by AI. Researchers at Microsoft and its subsidiary GitHub recently divided software developers into two groups — one with access to an AI coding assistant, and another without. Amazon has built its own AI coding assistant, CodeWhisperer, and is encouraging its engineers to use it. Another argument from the optimists: Even as AI takes over the bulk of coding, human coders will find new ways to make themselves useful by focusing on what AI can't do. So maybe, long term, human coders will survive in some new, as-yet-to-be-determined role.
Here are the key numbers:Earnings: $1.17 per share vs. $1.07 per share expected, according to Refinitiv. $1.17 per share vs. $1.07 per share expected, according to Refinitiv. Revenue: $69.79 billion vs. $68.9 billion expected, according to Refinitiv. YouTube advertising revenue : $6.69 billion vs. $6.6 billion, according to StreetAccount. Google Cloud revenue: $7.45 billion vs. $7.49 billion, according to StreetAccount.
This is relevant to Apple as we estimate that Google pays Apple ~$20bn for being the default search engine across iOS devices." Goldman Sachs reiterates Microsoft as buy Goldman says it's staying bullish heading into Microsoft earnings next week. Deutsche Bank reiterates Disney as buy Deutsche Bank says it sees an "attractive setup" heading into earnings in early May. HSBC upgrades Nvidia to buy from reduce HSBC said in its double upgrade of Nvidia that it's "all about AI." Deutsche Bank reiterates Amazon as buy Deutsche says it's standing by its buy rating on the e-commerce giant ahead of earnings later this month.
US fighter aircraft shot down an object threatening airspace over Alaska yesterday. On Saturday, another unknown object, described as "cylindrical," was shot down over Canada. Here is what we know about the object shot down on Friday. The object shot down on Saturday was spotted in the Northern Canadian territory of Yukon. It is unclear if the object shot down off the Alaskan coast was of similar size or shape.
[1/2] A view shows the area where a radioactive capsule was found, near Newman, Australia, February 1, 2023. Western Australian Department Of Fire And Emergency Services/Handout via REUTERSSYDNEY, Feb 3 (Reuters) - The task was daunting: find a tiny radioactive capsule that had fallen off a truck somewhere in Western Australia's vast outback sometime in January. Western Australia is buzzing with low-level rays thanks to its A$230 billion ($160 billion) mining industry. The Australian Radiation Incident Register reported six incidents of material being found, lost or stolen in 2019. That year, a radioactive gauge was stolen in Queensland state, according to police reports.
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