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Alphabet Slips 2% Despite NASDAQ Rally as Pichai Says Google Cloud Is Giving Up Revenue for AI Capacity; Amazon Dips, Microsoft Holds Steady
Pichai said Google Cloud is sacrificing short-term revenue to reserve scarce computing power for frontier AI work, a move that left Alphabet down 2%.
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BizTocAlphabet Slips 2% Despite NASDAQ Rally as Pichai Says Google Cloud Is Giving Up Revenue for AI Capacity; Amazon Dips, Microsoft Holds Steady
The post Alphabet Slips 2% Despite NASDAQ Rally as Pichai Says Google Cloud Is Giving Up Revenue for AI Capacity; Amazon Dips, Microsoft Holds Steady appeared first on 24/7 Wall St.. Shares of Alphabet (NASDAQ:GOOGL) are sliding even while the NASADQ 100 is up 1% on Wednesday morning. The market is digesting an unusual admission from Google’s chief executive: Google Cloud is giving up revenue so the company’s frontier AI work keeps first claim o…
·Lakewood, United States
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Coverage Details
Total News Sources4
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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