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GOOGL

UPDATE 1-US judge says Google must face some advertisers’ antitrust claims, dismisses others

Alphabet's Google must face advertisers' proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some other antitrust claims, including those focused on ad-buying tools used by large advertisers. Castel was reviewing a number of cases against Google, and his decision struck down many claims but allowed at least one key set to proceed...

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GOOGL

UPDATE 3-California approves Waymo robotaxi services in LA, SF neighboring cities

A California regulator has approved a proposal from Alphabet's Waymo to expand its fared, completely driverless robotaxi services to Los Angeles and some cities near San Francisco, effective on Friday. Waymo, which already operates in San Francisco and Phoenix, applied on Jan. 19 to expand its driverless services, saying it would work with policymakers, first responders and community organizations. Last month, the California Public Utilities Commission (CPUC) suspended the application "for further staff review."...

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GOOGL

California approves Waymo robotaxi services in LA, SF neighboring cities

Waymo, which already operates in San Francisco and Phoenix, applied on Jan. 19 to expand its driverless services, saying it would work with policymakers, first responders and community organizations. Last month, the California Public Utilities Commission (CPUC) suspended the application "for further staff review." "Waymo may begin fared driverless passenger service operations in the specified areas of Los Angeles and the San Francisco Peninsula, effective today," the CPUC said on a notice posted to its website on Friday...

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AAPL GOOGL MSFT

Apple, Microsoft, Amazon, Alphabet, and Nvidia Have All Invested in Voice-Recognition Software. Here’s 1 Artificial Intelligence (AI) Stock That Could Go Parabolic.

Many of the "Magnificent Seven" members have invested heavily in voice-based artificial intelligence (AI) assistants...

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GOOGL

Unionized Google workers learned their jobs were over while testifying to City Council about why they need higher pay

Contracted tech workers say they're paid as low as $19 hourly in expensive metro. Google and contractor Cognizant say their contract was due to end...

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AAPL GOOGL MSFT

The Nasdaq Reached a Record High in February: These 5 Stocks Were Likely the Main Drivers

The Nasdaq has reached a new high for the first time since 2021. What's next?...

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GOOGL MSFT

Google Faces a Real AI Threat in Search. Why It Might Be Time to Worry.

The Alphabet story is showing cracks. Shares are flat this year, trailing the 8% gain for the Nasdaq Composite, and the 42% rise for digital advertising rival Meta Platforms...

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GOOGL

Google Trims Jobs in Trust and Safety While Others Work ‘Around the Clock’

(Bloomberg) -- Alphabet Inc.’s Google is laying off a handful of employees on its trust and safety team as part of broader staff cuts, even as it’s asking members of that group to be on standby over the weekend in order to troubleshoot problematic outputs related to its flagship generative AI tool, Gemini.Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpNYCB Flags Weaknesses in Loan Oversight and Names New CEOElon Musk Sues OpenAI and Altman for Breaching F...

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GOOGL

Baidu’s Stellar Results And Promising AI Prospects Were Not Enough To Impress

Baidu Inc (NASDAQ: BIDU) reported a stellar performance during the last three months of 2023 as it continues its strategic shift towards the AI landscape. Often dubbed as China’s Google, Baidu’s results showed substantial resilience and even growth amid a complex macroeconomic environment. But being labeled as China’s Google also comes with high expectations, ones that Baidu didn’t succeed to meet with its fourth quarter results as AI spending drained its bottom line. However, while Google and C...

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GOOGL

UPDATE 1-Meta rebuffs Google’s virtual reality tie-up proposal, The Information reports

Meta Platforms decided against a partnership with Alphabet to use Google's Android XR platform for its virtual and mixed-reality Quest headsets, The Information reported on Friday. Google had suggested that Meta partnered with its new software platform that is being developed for virtual reality, augmented reality and mixed-reality headsets, the report said, citing a source involved in the talks. But such a partnership could thwart Meta CEO Mark Zuckerberg's plan to "own the next computational platform for AR, VR and mixed reality," according to the report...

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