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Google's new CFO, Anat Ashkenazi, signaled the company can do more to save money and move faster. She said leaders had done good work cutting costs, and they could "push a little further." Google is ramping up its spending on AI, and Wall Street analysts want more details. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ashkenazi name-checked Google CEO Sundar Pichai and former CFO Ruth Porat for doing "really good work" in starting to rework Google's cost base.
Persons: Anat Ashkenazi, , Sundar Pichai, Ruth Porat, Ashkenazi, Mark Mahaney, Pichai, Sundar Organizations: Google, Wall Street, Service, BNP
For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. "But I think any organization can always push a little further and I'll be looking at additional opportunities." During the Q&A portion of the call, Evercore ISI's Mark Mahaney asked, "As you're coming in looking at this fresh, is it clear to you there are a lot of newfound cost efficiencies or ongoing cost efficiencies?" The new CFO said one way Google can find additional efficiencies is by using AI "within our own processes and how we get work done." WATCH: Google search benefiting from generative AI
Persons: Ruth Porat, Porat's, Anat Ashkenazi, Sundar Pichai, Ruth, Sundar, Ashkenazi, Eli Lilly, Porat, There's, Pichai, Askenazi, Evercore, Mark Mahaney Organizations: Google, Tuesday Locations: Silicon Valley
The stepped-up push by some of the world’s most influential Big Tech leaders to speak with the former president ahead of Election Day comes amid an exceptionally tight race between Trump and Vice President Kamala Harris. And it’s the latest sign of the greater business community seeking to rekindle a relationship with the former president in anticipation of a potential second term. I don’t want to have him, his administration, going after us,’” a person close to Trump told CNN. “If you look at Google lately, I think you’re going to see they’ve become much more inclined towards Trump,” the former president told conservative radio host Hugh Hewitt. “Let me tell you: All of those companies will be set free, if you have the right president,” Trump said.
Persons: Donald Trump, Tim Cook chatted, Trump, Sundar Pichai, , ” Trump, Joe Rogan’s, Andy Jassy, Mark Zuckerberg, Kamala Harris, Elon Musk, Musk, , Evan Vucci, Jassy, Jeff Bezos, Michael M, Zuckerberg, he’s, Joe Biden’s, , Hugh Hewitt, “ They’re, Cook, ” CNN’s Clare Duffy, Kate Sullivan Organizations: CNN —, Trump, Apple, Las, Google, Republican, Amazon, CNN, Meta, Big Tech, Mar, Department of Justice, Silicon, Washington Post, Getty, Associated Press, titans, Facebook, Biden’s Department of Justice, Economic, of Chicago, European Union Locations: Europe, Las Vegas, Pennsylvania, Butler , Pennsylvania, New York City, Austin , Texas, Menlo Park , California, Harris
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
The search giant has struck a deal to bring new nuclear plants online to power its AI data centers. Google became the first tech giant to broker a deal for entirely new nuclear power plants after it unveiled a partnership with industry firm Kairos Power on Monday. AdvertisementGoogle CEO Sundar Pichai had previously hinted that his company was evaluating investment opportunities in nuclear power. That 86-page report didn't mention nuclear power, bar a single endnote. AdvertisementBy one estimate, a search request on OpenAI's buzzy chatbot demands around 10 times as much electricity as a general Google search.
Persons: , Power, Sundar Pichai, Justin Sullivan, Getty, Michael Terrell, Ethan Mollick, FQtUsE0L9d, lChspwoZjC, OpenAI, Yann LeCun, Sam Altman, Altman Organizations: Google, Service, Big Tech, Wharton, Microsoft, Constellation, Amazon, Talen Energy, Susquehanna, Electric, Helion Energy Locations: East Tennessee, Baltimore, Pennsylvania, Davos, Big
SpaceX made history as it returned its Super Heavy booster to its launch site in Texas. For Elon Musk, it was a chance to prove the doubters wrong — and he did. SpaceX Starship. Related storiesAnd Musk earned online applause from legions of Starship fans, including Google CEO Sundar Pichai. Wall Street analysts attributed the decline partly to skepticism over Tesla's ability to deliver fully autonomous driving.
Persons: Elon Musk, , SpaceX's, Musk, SERGIO FLORES, Dan Huot, Sundar Pichai, Tesla, Gretchen Newsom, Lex Fridman, Artemis, Peter Thiel Organizations: SpaceX, Super, Service, AFP, Getty, National Press Club, Google, Twitter, eventual, Wall Street, Warner Bros Studios, California Coastal Commission, Federal Emergency Management, Elon Locations: Texas, California
Jensen Huang says he hopes Nvidia will be a 50,000 employee company with "a 100 million AI assistants." Huang described a future where Nvidia can use AI assistants across every division to raise output. "I'm hoping that Nvidia someday will be a 50,000 employee company with a 100 million, you know, AI assistants, in every single group," Nvidia CEO Jensen Huang said on an episode of the "Bg2" podcast released on Sunday. AI agents break down a task into multiple smaller steps, each tackling a specific task to achieve a broader objective. And Google CEO Sundar Pichai said in May that the company is working on developing AI agents with more capabilities.
Persons: Jensen Huang, Huang, , I'm, Marc Benioff, Sundar Pichai, Pichai Organizations: Nvidia, Tech, Google, Service, AIs, Slack, Bloomberg, Big Tech
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "This is definitely a different agenda than previous presidents," Rebecca Allensworth, an antitrust expert at Vanderbilt University, told Business Insider. AdvertisementHere are some of the biggest companies Khan and Biden have targeted. "I think there's a reason why they have one big monopolization case, at least, against each of the four major American tech companies," Allensworth told BI.
Persons: Joe Biden's, Biden, , Joe Biden, Rebecca Allensworth, Kamala Harris, Lina Khan, Khan, Rafael Henrique, Merrick Garland, Alain Jocard, Sundar Pichai, Justin Sullivan, Jeff Bezos, EMMANUEL DUNAND, WhatsApp, Allensworth, it's Organizations: Google, Apple, Meta, Microsoft, Service, Vanderbilt University, Big Tech, Federal Trade Commission, Nvidia, OpenAI, Department of Justice, The New York Times, FTC, Getty, Justice Department, Nation Entertainment, Prosecutors, DOJ, The, Department, Amazon, Tech, JetBlue, Spirit Airlines, Albertsons Companies Locations: OpenAI
Job seekers often face a tougher tech job market; firms are demanding more entry-level roles. AdvertisementLanding a job in techOf course, it's little surprise that most candidates would take the job, given that it's a prestigious company. Tech veteran David Jolles previously told BI that he'd moved to the Atlanta area after about four decades in Silicon Valley. He previously told BI that, little surprise, people who want to nail a job interview should make sure they're prepared. Beyond that, he said, job candidates should have stories ready about topics like a successful project they completed or a career highlight.
Persons: Sundar Pichai, Pichai, , David Rubenstein, It's, it's, Jason Henninger, Heller, David Jolles, he'd, Jolles, Nolan Church, they're Organizations: Google, Service, Business, Tech Locations: Area, Atlanta, Silicon Valley, It's
Google plans to appeal a federal judge's antitrust ruling, CEO Sundar Pichai said. AdvertisementGoogle is preparing for a yearslong fight to appeal a federal judge's antitrust ruling against the company. Google CEO Sundar Pichai appeared on Bloomberg's "The David Rubenstein Show," where he spoke publicly about Google's search engine antitrust case for the first time since Department of Justice prosecutors submitted their proposed remedies. AdvertisementUltimately, Mehta will decide which orders Google must follow in order to restore competition to the search market, but the company will appeal. The Google antitrust case is one of the biggest of the last 30 years and has been closely watched by other Big Tech giants.
Persons: Sundar Pichai, , David Rubenstein, Pichai, Amit Mehta's, Mehta Organizations: DOJ, Google, Big Tech, Service, Justice, Prosecutors
Nvidia stock climbed 4% on Tuesday, extending its rally to 14% in five days. The chipmaker's market value soared by $400 billion — more than Costco is worth. Its $400 billion increase in value within a week is worth underscoring. Costco, which generated $254 billion of revenue and $7.4 billion of net income last year, is worth less than that. There's been no greater beneficiary than founder and CEO Jensen Huang, whose net worth has ballooned from about $14 billion to $106 billion in under two years.
Persons: Jensen Huang, Blackwell, , There's, Amancio Ortega, Michael Dell, Huang, Elon Musk, Mark Zuckerberg, OpenAI's Sam Altman, Oracle's Larry Ellison, Microsoft's Satya Nadella, Andy Jassy, Alphabet's Sundar Pichai Organizations: Costco, Nvidia, Service, Microsoft, Apple, Bloomberg, Big Tech
Tributes from industry leaders, politicians and the public at large poured in for Ratan Tata, the former chairman of India's Tata Sons, who passed away on Wednesday, aged 86. Google and Alphabet CEO Sundar Pichai recalled his meeting with Tata where they discussed Google's self-driving car project. "Mr Tata took India to the world and brought the best of the world to Bharat." He was known for his philanthropy and was chairman of Tata Trusts, among India's largest charity organizations. Tata reportedly was instrumental in about 60 acquisitions that helped the group expand globally.
Persons: Ratan Tata, India's Tata, Narendra Modi, Sundar Pichai, Pichai, Tata, Ratan Tata's, Mukesh Ambani, Mr Tata Organizations: India's, Tata, Rover, Tata Group, Reliance Group, Bharat, Cornell University, Tata Trusts, Tata Sons Locations: India, Mumbai
Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. Tata Sons chairman N Chandrasekaran confirmed Tata's death and described him in a statement as his "friend, mentor, and guide." Prime Minister Narendra Modi described Tata as a visionary leader, and a compassionate and an extraordinary human being. Google CEO Sundar Pichai, said Ratan Tata left behind an extraordinary business and philanthropic legacy and he was instrumental in mentoring and developing modern business leadership in India. "My last meeting with Ratan Tata at Google , we talked about the progress of Waymo and his vision was inspiring to hear," Pichai said on X.
Persons: Ratan Tata, N Chandrasekaran, Tata, Narendra Modi, Modi, Harsh Goenka, Sundar Pichai, Pichai, Mukesh Ambani, Ratan Tata's, Anand Mahindra, Padma Bhushan Organizations: Tata Sons, Tata, Google, Reliance Industries, India Inc, Tata Group, Mahindra Group, Padma, Jaguar, Rover, Ford Locations: Mumbai, boardrooms, India
Google could one day use nuclear energy to power its AI data centers. Competitors like Amazon and Microsoft are turning to nuclear energy to power their data centers too. AdvertisementIf Google CEO Sundar Pichai's hints on Thursday are any indicator, nuclear energy may one day power some of Google's energy-hungry AI data centers. To be sure, this isn't the first time Google has expressed interest in clean energy alternatives like nuclear energy. In March, Amazon inked a $650 million deal to buy electricity from the Susquehanna nuclear power station, per the Financial Times.
Persons: Sundar Pichai, , Sundar Pichai's, Pichai, bZnGkp4RnQ Organizations: Google, Microsoft, Service, Nikkei Asia
Markets: U.S. stocks were lower Thursday as Wall Street extends Tuesday's sharp selloff, which was triggered by concern over Iran's missile attacks on Israel. Wall Street will be parsing the government's jobs numbers for their implications on future Fed interest rate cuts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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: Jim Cramer, Jensen Huang, Huang, Blackwell, Gordon Haskett, Sundar Pichai, Pichai, Jim Cramer's, Jim Organizations: CNBC, . Markets, Dow, Nasdaq, Constellation Brands, Modelo, Corona, Constellation, Nvidia, Blackwell, Club, Home Depot, Media, Microsoft, Constellation Energy, Jim Cramer's Charitable Locations: Israel, U.S, Orange
EVgo — Shares soared 55% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. Hims & Her Health had previously developed compound versions of the drugs to take advantage of the shortage. Joby Aviation – Shares dropped more than 7%, paring back gains made in the previous session. Palantir recently announced that it's partnering with Edgescale AI to deliver Live Edge, a platform that will utilize artificial intelligence for manufacturing, utilities and other areas. Investors see both Vistra and Constellation as becoming key supporters of data center growth for developing tech companies' artificial intelligence technologies.
Persons: Bill Peterson, Eli Lilly, paring, Joby, Levi Strauss, Levi, Jensen Huang, CNBC's, Blackwell, Henning Cosman, Palantir, Sundar Pichai, Yun Li, Lisa Kailai Han, Hakyung Kim Organizations: Department of Energy, JPMorgan, U.S . Food, Drug Administration, Toyota, Dockers, Wolfspeed, Mizuho, Nvidia, Barclays, Constellation Energy, Nikkei, Investors Locations: U.S, China
Google leaders tried to assuage fears that it will follow Amazon's new strict RTO mandate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It also raised concern among employees at some of Amazon's more hybrid-friendly rivals, including Google, where staff are expected in the office just three days a week. 'Google chases the industry'Despite leadership's comments, some employees still fear they will eventually be called back to the office full time. During the most recent all-hands, Pichai noted that some employees, such as some of Google's hardware teams, are back four days a week.
Persons: Sundar Pichai, , assuaging, John Casey, they're, Pichai, Casey, Dell, Kirk Van Houten Organizations: Service, Google, Amazon, Microsoft Locations: Nature
Bhatnagar pointed to how Taiwan's Powerchip Semiconductor Manufacturing Corporation will help India's Tata Electronics to build the country's first 12-inch wafer fab in Gujarat. However, analysts said India first needs to learn the ropes before it can compete with the East Asian giant, especially since its semiconductor manufacturing industry is still at a very nascent stage. "India is far behind China in semiconductor manufacturing. Earlier in September, the U.S. Department of State announced it will partner with the India Semiconductor Mission and India's electronics and IT government body to improve the global semiconductor value chain. "We are encouraging [the] semiconductor industry in a big way.
Persons: Narendra Modi, Eri Ikeda, Trendforce, Bhatnagar, Rishi Bhatnagar, Ikeda, Cozying, Biden, Modi, Jensen Huang, Sundar Pichai, Huang, Thomas Caulfield, Lisa Su, Tarun Pathak, CNBC's Tanvir Gill, Goldman Sachs Organizations: Dixon Technologies, Bloomberg, Getty, India, Indian, CNBC, Department of Management Studies, Indian Institute of Technology, Semiconductor Manufacturing Corporation, Tata Electronics, Micron Technology, Devices, Tata Group, East, External, of Engineering, U.S . Department of State, India Semiconductor, Nvidia, Google, Hindustan Times, AMD, Counterpoint, Apple, Counterpoint Research Locations: Uttar Pradesh, India, Indian Institute of Technology Delhi, Taiwan, China, South Korea, U.S, Japan, Gujarat, American, China India, New York, New Delhi, Beijing
Google CEO Sundar Pichai spoke about AI's potential at the UN's Summit of the Future. Pichai said AI will help sustainable development, scientific discovery, and climate action. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBig Tech companies like Google are betting that AI technology will help them earn billions in profits, and they're funneling tons of resources toward the technology.
Persons: Sundar Pichai, Pichai, Organizations: UN's, Google, Service, Big Tech, Business
Ashkenazi, who was previously CFO at Eli Lilly and Company, took the reins from Alphabet's previous finance chief, Ruth Porat, in July. They wanted more visibility into the performance of certain parts of Google's business, such as AI and subscriptions, which are increasingly becoming bigger businesses for Google. AdvertisementMorgan Stanley analysts say this is still too ambiguous. Related storiesThe Morgan Stanley analysts also said they would like to see Google separately report earnings from YouTube's advertising and subscriptions. Morgan Stanley analysts said Google has an opportunity to "be more assertive" about "promoting its positive impact" on users and partners, similar to Amazon.
Persons: , Anat Ashkenazi, Ashkenazi, Eli Lilly, Ruth Porat, Morgan Stanley, Porat, Google's, Sundar Pichai Organizations: Service, Wall Street, Company, Business, Google, Investors, Meta, YouTube, Amazon Web Services, Microsoft, US Department of Justice Locations:
"I've always said The Trade Desk managed to win in an unfair market — imagine what we could do in a fair market." Since its founding in 2009, The Trade Desk — which operates a demand-side platform for advertisers and ad agencies — has grown into an adtech juggernaut. Having debuted on the Nasdaq in 2016, the California-based adtech company now has a market capitalization of almost $50 billion. In it, Google named-checked The Trade Desk as one of those alternative players in the ad market. Green said he found the comparison flattering when Sundar Pichai, in 2022, named TikTok and The Trade Desk as its competitors.
Persons: , Jeff Green, Green, I've, Sundar Pichai, David, Goliath, Jed Dederick Organizations: Service, US Department of Justice, Google, Business, ExchangeWire's ATS, Trade, US Department of, DOJ, Meta, YouTube, Publishers, CMA, UK's, Markets Authority, Nasdaq, London Locations: London, California, Virginia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. SemiAnalysis gets deep into the weeds on graphics processing units, from the base of the supply chain to the end-users building the AI models that require so many specialized chips. AdvertisementThe team consists of people across the entire supply chain, geographically and technically. So we have the entire view of the supply chain, from manufacturing, up to models. The other place I like to look a lot is random suppliers that are very small in niche parts of the supply chain, or suppliers of suppliers.
Persons: , Jensen Huang isn't, Dylan Patel, SemiAnalysis, Sam Altman, Patel, Sundar, Altman, Blackwell, Nvidia's, They've, they're Organizations: Service, intel, Google, Business, BI, Nvidia, Microsoft, AMD, Meta Locations: US, Japan, Singapore, Taiwan, France
But Google's AI rollouts have been anything but groundbreaking. Its new AI search feature, AI Overviews, promised to deliver neat, AI-generated summaries with Google search results. That's when its focus shifted to preserving its monopoly over search, Buchheit said. AdvertisementThat's not just Buchheit's analysis; it's something Page and Brin noted in their seminal 1998 paper introducing Google. With Google, however, their goal was to "provide high-quality search results over a rapidly growing World Wide Web."
Persons: , Google's cofounders, Larry Page, Sergey Brin, Paul Buchheit, Bard, Buchheit, Sundar Pichai, there's, That's, Brin Organizations: Service, Gmail, Business, Google
YouTube’s former chief executive and long-time Google executive Susan Wojcicki died on Saturday at the age of 56 after a two-year battle with lung cancer. “It is with profound sadness that I share the news of Susan Wojcicki passing. Before becoming CEO of YouTube in 2014, Wojcicki was senior vice president for ad products at Google. After nine years at the helm, Wojcicki stepped down from her role at YouTube in 2023 to focus on “family, health, and personal projects”. “Today we at YouTube lost a teammate, mentor, and friend, Susan Wojcicki,” Mohan said in a post on X.
Persons: YouTube’s, Susan Wojcicki, ” Dennis Troper, Susan, Sundar Pichai, Wojcicki, Neal Mohan, Larry, Sergey, ” Wojcicki, Larry Page, Sergey Brin, ” Mohan Organizations: Google, YouTube, Stanford
Susan Wojcicki, former YouTube CEO, dies
  + stars: | 2024-08-10 | by ( Paradise Afshar | ) edition.cnn.com   time to read: +2 min
CNN —Former YouTube CEO Susan Wojcicki has died after living with lung cancer for two years, according to her husband. “It is with profound sadness that I share the news of Susan Wojcicki passing. My beloved wife of 26 years and mother to our five children left us today after 2 years of living with non-small cell lung cancer,” Dennis Troper wrote in a Facebook post. “Please keep our family in your thoughts as we navigate this difficult time.”Google CEO Sundar Pichai expressed condolences in a post on X early Saturday, calling Wojcicki the “core” to Google’s history. “I’m so proud of everything we’ve achieved,” Wojcicki wrote when announcing she was stepping down in 2023.
Persons: Susan Wojcicki, ” Dennis Troper, Troper, Wojcicki, , , ” Troper, Sundar Pichai, we’ve, ” Wojcicki Organizations: CNN, YouTube, Google Locations: California
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