Tag GOOGL

Apple Inc.'s top executive in charge of artificial intelligence models is leaving for Meta Platforms Inc., another setback in the iPhone maker's struggling AI efforts. Ruoming Pang, a distinguished engineer and manager in charge of the company's Apple foundation models team, is departing, according to people with knowledge of the matter. Pang, who joined Apple from Alphabet Inc. in 2021, is the latest big hire for Meta's new superintelligence group, said the people, who declined to be named discussing unannounced personnel moves. To secure Pang, Meta offered a package worth tens of millions of dollars per year, the people said. Meta Chief Executive Officer Mark Zuckerberg has been on a hiring spree, bringing on major AI leaders including Scale AI's Alexandr Wang, startup founder Daniel Gross and former GitHub CEO Nat Friedman with high compensation. Bloomberg's Mark Gurman reports on the latest with the tech giants...

(Bloomberg) -- Alphabet Inc.’s Waymo is launching a new account type that lets teenagers hail a robotaxi and ride alone, expanding its rider base while continuing to test its service in more US cities.Most Read from BloombergAre Tourists Ruining Europe? How Locals Are Pushing BackCan Americans Just Stop Building New Highways?Denver City Hall Takes a Page From NASAPhiladelphia Trash Piles Up as Garbage Workers’ Strike Drags OnTeens from 14 to 17 can have a user profile paired to a parent’s accoun...

(Bloomberg) -- Waymo’s first self-driving taxis arrived in New York City this week to begin collecting data with a human behind the wheel as the company seeks a permit for autonomous testing.Most Read from BloombergAre Tourists Ruining Europe? How Locals Are Pushing BackCan Americans Just Stop Building New Highways?Denver City Hall Takes a Page From NASAPhiladelphia Trash Piles Up as Garbage Workers’ Strike Drags OnThe Alphabet Inc.-owned company plans to gather data as its cars are driven manua...

Tesla's troubles, though levered to CEO Elon Musk, may be deeper than his many distractions...

Tripadvisor struggles with monetizing its legacy hotel meta-search business amid intense competition. Click here to find out why TRIP stock is a Hold...

The S&P 500 remains the North Star for Washington. Allowing asset bubbles to deflate is a thankless path in the short run. Read more here...

Goldman Sachs (GS) analysts lift their S&P 500 (^GSPC) target to 6,600 from 6,100, citing Federal Reserve rate cuts, bond weakness, and investors' willingness to look past near-term challenges. Bank of America (BAC) analysts also increased their target, but see little upside from current levels. Yahoo Finance Senior Reporter Allie Canal outlines the top calls on Wall Street and takes a closer look at valuation in the Big Tech sector, including names like Nvidia (NVDA), Alphabet (GOOG, GOOGL), and Meta (META). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here...

Adobe has taken a hit, but with a $660 target on the table, can it bounce back this year?...