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Alphabet to report Q3 earnings after the bell
  + stars: | 2024-10-29 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +3 min
Google parent Alphabet is set to report its third-quarter earnings Tuesday after the market closes. During the quarter, the company also faced the advancement of several antitrust lawsuits related to its search and ads business. That would include Google's search position agreements with Apple's iPhone as well as Samsung devices. With the slow-moving legal process, the company is still likely years away from being forced to make any changes to businesses. In August, the company announced its new Android software update and its latest line of Pixel smartphones that utilize Google's Gemini AI assistant.
Persons: Sundar Pichai, Emily Chang, StreetAccount, Prabhakar Raghavan, Nick Fox, Demis Organizations: APEC, Summit, Moscone Center West, Google, TAC, DOJ, Samsung, Gemini Locations: San Francisco, U.S
The company beat on revenue, EPS, its ads business, and Google Cloud revenue, which grew 35% year over year. Revenue from Google Cloud grew 35% year over year to $11.4 billion, bolstered by "accelerated growth" in the company's AI products, the company said. Here are the key numbers for the third quarter compared to analysts' estimates:AdvertisementEarnings per share : $2.12 vs. $1.83 expected: $2.12 vs. $1.83 expected Revenue : $88.27 billion vs. $86.44 billion expected: $88.27 billion vs. $86.44 billion expected Google Advertising : $65.9 billion vs. $65.5 billion: $65.9 billion vs. $65.5 billion YouTube advertising revenue : $8.92 billion vs. $8.89 billion expected: $8.92 billion vs. $8.89 billion expected Google Cloud revenue: $11.35 billion vs. $10.79 billion expectedSource for analyst expectations: BloombergAlphabet and Google CEO Sundar Pichai said the company's AI investments were "paying off." The AI results will now reach over 1 billion users on a monthly basis, he said, and ads in AI Overview are "performing well." Related stories"Today, more than a quarter of all new code at Google is generated by AI then reviewed and accepted by engineers," Pichai said.
Persons: Sundar Pichai, , Pichai, Demis Hassabis, Evelyn Mitchell, Wolf, Mitchell Organizations: Google, Service, Google Cloud, Bloomberg, Apple, DOJ, Business
Google DeepMind CEO Demis Hassabis says "AI agents" are the next phase of AI after chatbots. According to Demis Hassabis, the CEO of Google DeepMind and a recently minted Nobel laureate, there isn't any secret formula to get there. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. They can use hardware like robots in the physical world, software like a calculator, or even other AI systems.
Persons: Demis Hassabis, , Hassabis, they've Organizations: Google, Service, The Times Tech
Google is replacing Prabhakar Raghavan, the company's search and ads boss, with longtime Google executive Nick Fox. Raghavan will continue to report to Pichai in the new role, the company told CNBC in a statement. The company is also dealing with several antitrust lawsuits related to its search and ads business. He will be leading Google's Knowledge and Information division, which includes the company's search, ads and commerce products, Pichai said. He previously worked within the company's ads business unit.
Persons: Prabhakar Raghavan, Nick Fox, Sundar Pichai, Raghavan, Prabhakar, Pichai, Fox, Nick, Demis Organizations: Google, CNBC, Fox
Demis Hassabis won the 2024 Nobel Prize for Chemistry. Hassabis cofounded DeepMind, which Google acquired in 2014. Go to newsletter preferences Thanks for signing up! AdvertisementDemis Hassabis, the cofounder of the renowned artificial intelligence lab DeepMind, is recognized worldwide as one of the leading thinkers in his field. Hassabis and his fellow DeepMind coworker, John Jumper, were awarded the 2024 Nobel Prize for Chemistry for their work on protein structure prediction.
Persons: Demis Hassabis, Hassabis, DeepMind, , Demis, John Jumper Organizations: Chemistry, Google, Service, Guardian, University of Cambridge, University College London
Crews encountered obstacles that entrapped ships or submerged them beneath ice-covered waters, creating an enduring mystique about what went wrong. Ocean secretsThe 3D scan of HMS Endurance makes it appear as though the ship was lifted from the bottom of the ocean. Falklands Heritage Maritime Trust/National GeographicAn awe-inspiring 3D scan has brought the shipwreck of Antarctic explorer Ernest Shackleton’s HMS Endurance, found in 2022, back to life. Meanwhile, a more somber finding gleaned from DNA identified the cannibalized remains of James Fitzjames, captain of the HMS Erebus. Other worldsAstronomers using the Hubble Space Telescope watched the shape of Jupiter's Great Red Spot change over 90 days.
Persons: Crews, Ernest Shackleton’s HMS, Shackleton, James Fitzjames, Sir John Franklin, Fitzjames, Trailblazers, David Baker, Demis Hassabis, John Jumper, John Hopfield, Geoffrey Hinton, Victor Ambros, Gary Ruvkun, Matthew Dominick, John Henry Patterson, Thomas Gnoske, Joseph DePasquale, , Indiana Jones, , Ashley Strickland, Katie Hunt Organizations: CNN, Heritage Maritime Trust, University of Washington, Google, Princeton University, University of Toronto, University of Massachusetts Medical School, Harvard Medical School, NASA, International Space, Space, Chicago’s Field, Hubble, European Space Agency, CNN Space, Science Locations: Antarctica, Weddell, Canada’s Nunavut, London, North America, Europe, Kenya, Civil, Petra, Jordan
The Nobel committee just entered the AI chat
  + stars: | 2024-10-10 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
When asked by a reporter whether the committee took the AI connection into consideration when judging the nominees, one member on the chemistry committee basically brushed off the question and insisted the decisions were made purely on the science. The Nobel committee letting politics or PR weigh on their decisions? At first glance, it could seem like the Nobel committee has been gulping down Big Tech’s AI Kool-Aid. While gesturing to generative AI, Wong noticed that no one mentioned ChatGPT or Gemini or any other consumer-facing AI tools that companies are peddling. Similarly, in announcing the chemistry prize on Wednesday, committee members talked a lot about amino acid sequences and structural biochemistry.
Persons: CNN Business ’, , John Hopfield, Geoffrey Hinton, — Demis Hassabis, John M, David Baker, CNN’s Jake Tapper, Hassabis, Matteo Wong, Wong, ” Wong Organizations: CNN Business, New York CNN, Princeton, Google, New York Locations: New York, US, Stockholm
Scientists David Baker, Demis Hassabis and John Jumper won the 2024 Nobel Prize in Chemistry, the award-giving body said on Wednesday, for work on the structure of proteins. The prize, widely regarded as among the most prestigious in the scientific world, is awarded by the Royal Swedish Academy of Sciences and is worth 11 million Swedish crowns ($1.1 million). Half the prize was awarded to Baker “for computational protein design” while the other half was shared by Hassabis and Jumper “for protein structure prediction," the academy said. The third award to be handed out every year, the chemistry prize follows those for medicine and physics announced earlier this week. First handed out in 1901, 15 years after Nobel’s death, it is awarded for achievements in medicine, physics, chemistry, literature and peace.
Persons: David Baker, Demis Hassabis, John Jumper, Baker “, Alfred Nobel, , Alfred Nobel’s, Ernest Rutherford, Marie Curie, Moungi Bawendi, Louis Brus, Aleksey Ekimov Organizations: Royal Swedish Academy of Sciences, Hassabis Locations: Swedish, Stockholm
DeepMind researchers Demis Hassabis and John Jumper have won a share of the Nobel Prize in chemistry. AdvertisementDemis Hassabis, the cofounder and CEO of DeepMind, is one of three researchers to be awarded the Nobel Prize in chemistry. The pair were recognized for their use of AI to predict protein structures with the DeepMind tool AlphaFold. The other is about fulfilling a 50-year-old dream: predicting protein structures from their amino acid sequences. AdvertisementDeepMind has also released the AlphaFold Protein Structure Database, which includes free-to-access models of microscopic protein structures.
Persons: Demis Hassabis, John Jumper, DeepMind, , Demis, David Baker, Hassabis, Heiner Linke, Shane Legg, Mustafa Suleyman Organizations: Service, Business, Chemistry, Google Locations: AlphaFold, London
The Nobel Prize in chemistry was awarded in Sweden on Wednesday. EXCLUSIVE: The moment John Jumper shares the news about his 2024 Nobel Prize in Chemistry. pic.twitter.com/OhNSwiKwgQ — The Nobel Prize (@NobelPrize) October 9, 2024Since the pair’s key paper was published in 2021, it has been cited more than 13,000 times. They are generally built from 20 amino acids that can be combined in endless ways. Using the information stored in DNA as a blueprint, the amino acids are linked together in our cells to form long strings.
Persons: , David Baker, Hassabis, John Jumper, Jonathan Nackstrand, Wednesday’s, Lasker, , David Pendlebury, Baker, Johan Aqvist, ” Aqvist, Geoffrey Hinton, John Hopfield Organizations: CNN, Getty, Google, Clarivate’s Institute for Scientific, University of Washington Locations: Sweden, AFP, British, American, DeepMind
5 Nobel-worthy discoveries that haven’t won the prize
  + stars: | 2024-10-05 | by ( Katie Hunt | ) edition.cnn.com   time to read: +8 min
The first human genomeThe mapping of the human genome has had a huge impact on biology and other fields. The output from a DNA sequencer is shown in this undated image from the National Human Genome Research Institute. But one reason the project may not have earned a Nobel Prize is the sheer number of people involved in the feat. The Nobel Prize in physiology or medicine will be announced on Monday, followed by the physics prize on Tuesday and the Nobel Prize in chemistry on Wednesday. The Nobel Prize for literature will be announced on Thursday and the Nobel Peace Prize on Friday.
Persons: Alfred Nobel, Nobel, Carsten Snejbjerg, Svetlana Mojsov, Joel Habener, Lotte Bjerre Knudsen —, Lasker, Knudsen, Hassabis, John Jumper, Lester Cohen, David Pendlebury, Pendlebury, “ Nobel, David Baker, , Boris Roessler, We’re, Jeffrey Gordon, Robert J, Glaser, Louis, Gordon, Claire King, Barack Obama, Drew Angerer, Mary, King Organizations: CNN, Stockholm —, Human Genome Research, Nordisk, Bloomberg, Getty, Rockefeller University, Harvard Medical School, Novo Nordisk, Clarivate’s Institute for Scientific Information, Google, Institute for Protein, University of Washington School of Medicine, Washington University, of Locations: Swedish, United States, United Kingdom, France, Germany, Japan, China, Hillerød, Denmark, Los Angeles, St
The most sweeping effort yet to regulate artificial intelligence, a California bill that could have informed laws around the world, is going back to the drawing board. 1047 provided necessary guardrails, and they urged California policymakers to reject intense pressure from software giants against the bill. Smaller tech companies also pushed back, worried that A.I. While governments around the world (and A.I. Act, which focuses on the riskiest use of the technology but also includes transparency requirements for the largest models.
Persons: Gavin Newsom, ” Newsom, Geoffrey Hinton, Elon Musk, Nancy Pelosi, Newsom’s, Sam Altman, OpenAI Organizations: Gov, Hollywood, Street, Google Locations: California, Silicon, S.B
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn Tuesday's earnings call, investors repeatedly pressed Alphabet's leadership team for more information about how its AI initiatives are performing and how they would generate revenue, but executives remained tight-lipped. In April the CEO of Google DeepMind, Demis Hassabis, said that Google plans to invest more than $100 billion over time to develop AI technology. Advertisement"On the cloud and AI stuff, you know, it's obviously, you know, you know, something which I think will end up being a big driver over time," Pichai said. The company's cloud business crossed $10 billion in revenue for the first time, reaching $10.3 billion — fueled in part by AI demand, Pichai said.
Persons: , Sundar Pichai, Philipp Schindler chimed, Pichai, Schindler, Demis Hassabis Organizations: Service, Business, Google, AIs, YouTube
Google DeepMind co-founder and Chief Executive Officer Demis Hassabis gives a conference during the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024. The CEOs of artificial intelligence heavyweights Google DeepMind, Microsoft AI, Anthropic and Mistral AI are among the elite list of business and political leaders attending a secretive meeting kicking off in Madrid, Spain, on Thursday. AI will once again dominate discussions at the annual Bilderberg Meeting after catapulting onto the agenda last year following the meteoric rise of the burgeoning technology. U.S. Deputy Treasury Secretary Wally Adeyemo, Ukrainian Foreign Minister Dmytro Kuleba and NATO Secretary General Jens Stoltenberg are also among the political figures who will attend for geopolitical discussions including on China and Russia. According to its organizers, the closed nature of the event aims to foster "informal discussions about major issues."
Persons: Demis Hassabis, Jane Fraser, Eric Schmidt, Albert Bourla, Wael Sawan, Peter Thiel, Wally Adeyemo, Dmytro Kuleba, Jens Stoltenberg Organizations: Google, Mobile World Congress, MWC, Microsoft, Mistral, Citigroup, Pfizer, NATO, Chatham House, Economic Locations: Barcelona, Madrid, Spain, Ukrainian, China, Russia, Spanish, Chatham, Davos, Switzerland
Here's a list of the people, companies, and terms you need to know to talk about AI, in alphabetical order. GPU: A computer chip, short for graphic processing unit, that companies use to train and deploy their AI models. Nvidia's GPUs are used by Microsoft and Meta to run their AI models. Multimodal: The ability for AI models to process text, images, and audio to generate an output. As a profession, prompt engineers are experts in fine tuning AI models on the backend to improve outputs.
Persons: , Sam Altman, Altman, OpenAI's, Dario Amodei, Claude, Demis, Hassabis, Jensen Huang, Satya, Mustafa Suleyman, OpenAI, Elon Musk, Sam Bankman, Peter Thiel, Bard, James Webb, empiricists Organizations: Service, Business, OpenAI, Google, Nvidia, Microsoft, Bing, Meta, James Webb Space Telescope Locations: OpenAI, Anthropic
But on social media, users have shared a wide range of screenshots showing the AI tool sharing controversial responses. Here are some examples of what went wrong with AI Overviews, according to screenshots shared by users. When asked how many Muslim presidents the U.S. has had, AI Overviews responded, "The United States has had one Muslim president, Barack Hussein Obama." Attribution can also be a problem for AI Overviews, especially when it comes to attributing inaccurate information to medical professionals or scientists. The news follows Google's high-profile rollout of Gemini's image-generation tool in February, and a pause that same month after comparable issues.
Persons: It's, Barack Hussein Obama, it's, WebMD, they'd, Gemini, Demis Hassabis, Pichai Organizations: Google, Microsoft, UC Berkeley, U.S . Justice Department Locations: United States, German, British, France, ChatGPT
It came almost 12 months after Google combined two key AI groups, DeepMind and Google Brain. Google's AI MVPGoogle DeepMind CEO Demis Hassabis GoogleDemis Hassabis might be the most important person at Google right now. Then, in April last year, Pichai announced he would merge DeepMind with Google's in-house AI unit, known as Brain, into a supergroup named Google DeepMind. Reid reports directly to Raghavan, the ads and search senior vice president, and is shepherding a dramatic transition of Google Search. Fears of chatbots eating into Google's search dominance have yet to be realized, giving Google time to reinvent its most hallowed product.
Persons: , Sundar Pichai, Pichai, Susan Wojcicki, Demis, Hassabis, Larry Page, DeepMind, OpenAI, it's, accrues, ED JONES, Rick Osterloh, Sameer Samat, he'll, Hiroshi Lockheimer, Osterloh, Prabhakar Raghavan, Siri, Tim Cook, Hiroshi, SAJJAD HUSSAIN, Liz Reid, Reid, Raghavan, Pandu Nayak, Venkatachary, It's, chatbots, Bernstein, Mark Shmulik Organizations: Service, Google, Business, Google's, BI, Research, Hassabis, Android, Apple, Apple's Vision, CNBC, Google Local Locations: Raxium
In today's big story, we're looking at Google's big event that's pitching all the ways AI agents can make our lives easier . Google I/O, the tech giant's biggest developer conference, was heavy on the rise of so-called AI agents , writes Business Insider's Hugh Langley, who was there in person. AdvertisementGoogle's faithful, old search engine got a noticeable facelift with the help of AI , writes BI's Geoff Weiss. Steven Puetzer/Getty, Tyler Le/BIThe stakes for Google are high, as nailing AI agents opens up a massive business opportunity. For AI agents to be so intuitive, they'll need access to seemingly every aspect of our lives.
Persons: , Tyler Le, you've, OpenAI's ChatGPT, Hugh Langley, Sundar Pichai, Geoff Weiss, Hugh, Alistair Barr, Gregory Wayne, Steven Puetzer, hasn't, Alistair, Demis Hassabis, Minchillo, Keith Gill, Naz Vahid, Andy Sieg's, Noah Berger, Jia Feng, Tingting Ji, Jenny Chang, Rodriguez, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Google, Astra, GameStop, AMC Entertainment, JPMorgan, Citi, Amazon Web Services, Walmart, UPS, Nielsen, Cisco Systems, Warner Bros, Discovery Locations: New York, Dublin, London
Read previewWhat if the Google Assistant was actually… an assistant? In short: AI agents are what have the best shot at taking this technology from "nice to have" to "need to have." But there are other ways these AI agents will emerge in the nearer term. Google teased a combination of updates that will soon make its Gemini AI chatbot more capable and proactive. Tentacles and tailoringBut it's in its legacy products that Google really has an edge when it comes to enabling agent-like qualities.
Persons: , It's, Sundar Pichai, Pichai, Astra Pichai, We've, Demis Hassabis, OpenAI, Sissie Hsiao, Hsiao, Chatbots, Liz Reid, Google's, Reid Organizations: Service, Google, Business, Astra, Gemini Locations: London
Read previewSince ChatGPT burst onto the scene in 2022, there's been no real "killer app" to get consumers embracing AI in massive numbers. The internet, possibly the biggest killer app of all, made us all buy smartphones, tablets, and a host of other connected devices. AI killer app contendersAt its IO developer conference on Tuesday, Google showed off some pretty amazing AI killer app contenders. A Google AI model lurking on the phone (and in the cloud) answered correctly. The Google AI agent captured all the dates, times, and other details and automatically loaded them into the user's Google Calendar.
Persons: , there's, she'd, Warren Buffett, Bill Gates, Sundar Pichai, Sissie Hsiao, DeepMind's Hassabis, Pichai Organizations: Service, Business, Google, Astra, Microsoft Locations: London
Meanwhile, OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface. Gemini AI updatesGoogle introduced updates to Gemini 1.5 Pro, its AI model that will soon be able to handle even more data — for example, the tool can summarize 1,500 pages of text uploaded by a user. Generative AI tools such as chatbots and image creators continue to have issues with accuracy, however. New search featuresThe tech giant is launching "AI Overviews" in Google Search on Monday in the U.S. AI Overviews show a quick summary of answers to the most complex search questions, according to Liz Reid, head of Google Search. Google Search found the model of the record player and suggested that it could be malfunctioning because it wasn't properly balanced.
Persons: Sundar Pichai, Andrej Sokolow, Anthropic, OpenAI, There's, Pichai, Gemini, Apple's Siri, Prabhakar Raghavan, Liz Reid, you'll, that's, Google's, Tony Stark's, , ChatGPT, Demis Hassabis Organizations: Google, Getty, Gemini, Monday, Gmail, Astra Project Astra, Marvel, Astra Locations: U.S
After the keynote, journalists were herded over to a demo area for Project Astra. Before we went in, while waiting in line, two members of the Project Astra team from DeepMind walked us through how to use the technology. Google's Gemini model reviewed the phone's live video and said I was wearing casual clothes. He's been at DeepMind for about a decade and we discussed the origins on Project Astra. Beyond chatbotsThis is part of what inspired Project Astra, Wayne said.
Persons: , We've, Demis Hassabis, DeepMind, Max Cherney, Max, Google's, Gemini, I'd, Gregory Wayne, Captain Cook, He's, he's, Cook, Wayne, SuperEvilMegaCorp Organizations: Service, Google, Project Astra, Business, Reuters, Astra, Tierra del Fuego Locations: Tierra del, Silicon
At Google I/O on Tuesday, the company announced Gemini 1.5 Flash, the newest addition to the Gemini model series. OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface. Gemini 1.5 Pro will soon be able to handle an hour of video content, or codebases with more than 30,000 lines, Hsiao said. Gemini 1.5 Pro will initially be available for testing in Workspace Labs. Gemini 1.5 Flash will be available for testing and in Vertex AI, which is Google's machine learning platform that lets developers train and deploy AI applications.
Persons: Demis Hassabis, Hsiao, Sundar Pichai, Gemini Organizations: Google, Gemini, Monday
"We're like the engine room of the company," Hassabis told CNBC, speaking about his newly integrated AI unit within Google. Last month, Alphabet CEO Sundar Pichai merged Hassabis' DeepMind with Google Brain, a separate AI team, and selected Hassabis to lead the group. DeepMind CEO Demis Hassabis at a 2017 event in China. During his career at DeepMind and then at Google, Hassabis dominated the field of AI. Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.
Persons: He's, Hassabis, Sundar Pichai, It's, Demis Hassabis, Geoffrey Hinton, Hinton, DeepMind, Elon Musk, OpenAI, Satya Nadella, Sam Altman, Justin Sullivan, Critics, they've, ChatGPT, AlphaFold, Eli Lilly Organizations: Google, CNBC, Microsoft, Elixir Studios, Hassabis, Washington Post, Employees, Novartis, TED Locations: China, DeepMind, San Francisco, ChatGPT, LLMs
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's fate hinges on this man: Demis HassabisGoogle has been consolidating its AI efforts and power around one man: Demis Hassabis. As one of the most respected leaders in the space, the DeepMind co-founder has a track record of critical AI breakthroughs. But can an academic also pave the way for Google's genAI commercialization and monetization? Hassabis is the key to Google's lead in AI but his biggest challenge lies ahead. Can Google and Hassabis show Wall Street, investors, and the public that it can turn AI into actual products?
Organizations: Google
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