• Meta’s election tools have been blocked over privacy concerns ahead of European Parliament elections

    Facebook and Instagram logos on a laptop screen
    Meta uses public Instagram and Facebook photos to train its AI models

    • Spain's data watchdog suspended Meta's election products ahead of an EU vote.
    • The agency expressed alarm that products collected excessive data from Facebook and Instagram users.
    • Though it disagreed, Meta, also facing an EU investigation, complied with the order.

    A Spanish data watchdog has put the brakes on two election products from Meta that were meant to roll out ahead of the upcoming European election.

    The Spanish Data Protection Agency suspended Meta's Election Day Information and Voter Information Unit products amid concerns that they collected unnecessary election data from Facebook and Instagram users, the agency announced on May 31.

    The products would have provided reminders to Facebook and Instagram users about the European Parliament elections, which are set to begin June 6.

    But the Spanish Data Protection Agency said Meta would be able to "process personal data such as, among others, user name; IP address; age and gender," potentially violating the European Union's General Data Protection Regulation, or GDPR. The agency's suspension remains in effect for 3 months.

    "The Agency considers that the data collection and storage planned by the company would put at serious risk the rights and freedoms of Instagram and Facebook users, who would see an increase in the volume of information Meta collects about them, allowing for more complex, detailed and exhaustive profiling, and generating more intrusive processing," a translation of the agency's statement read.

    In a statement to Reuters, Meta said it was complying with the EU's data regulations.

    "Our election tools have been expressly designed to respect users' privacy and comply with the GDPR. While we disagree with the AEPD's assessment in this case, we have cooperated with their request," a company spokesperson told Reuters.

    A Meta spokesperson did not immediately respond to a request for comment from Business Insider.

    The suspension comes after the European Commission, the EU's executive arm, opened an investigation in April into Meta's "policies and practices relating to deceptive advertising and political content on its services." In response, a Meta spokesperson told Reuters that the company has a "well-established process for identifying and mitigating risks on our platforms."

    Read the original article on Business Insider
  • These are the 10 most shorted ASX shares

    most shorted ASX shares

    At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

    This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

    With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

    • Pilbara Minerals Ltd (ASX: PLS) remains far and away the most shorted ASX share with 21.8% of its shares held short. This is down slightly week on week. It appears that short sellers are not expecting lithium prices to recover any time soon.
    • IDP Education Ltd (ASX: IEL) has 17.1% of its shares held short, which is up week on week once again. There are concerns that this language testing and student placement company could struggle with changes to student visa rules in a number of key markets. In addition, the loss of its language testing monopoly in Canada has been a blow.
    • Syrah Resources Ltd (ASX: SYR) has short interest of 12.8%, which is down slightly week on week again. This graphite miner’s shares have lost half of their value over the last 12 months amid weak battery materials prices, production suspensions, and further cash burn.
    • Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest fall week on week to 10.7%. Short sellers appear to believe the market is too optimistic on revenue margins and travel spending.
    • Australian Clinical Labs Ltd (ASX: ACL) has short interest of 9.9%. This may have been driven by the health imaging company guiding to another sharp decline in its earnings in FY 2024.
    • Liontown Resources Ltd (ASX: LTR) also has 9.9% of its share held short, which is flat week on week. Some analysts believe that lithium prices will stay at low levels for years.
    • Westgold Resources Ltd (ASX: WGX) has short interest of 9.4%, which is now up for a fourth week in a row. This may be due to concerns over the gold miner’s proposed merger with Canada-based Karoa Resources.
    • Sayona Mining Ltd (ASX: SYA) has short interest of 9.4%, which is up week on week again. Short sellers have targeted this lithium miner because of weak lithium prices. In fact, prices are so low that it costs Sayona Mining more to produce its lithium than it receives for it.
    • Chalice Mining Ltd (ASX: CHN) has short interest of 8.4%, which is up week on week again. Short sellers don’t appear to be put off by the favourable Federal Budget.
    • Healius Ltd (ASX: HLS) is a new entry in the top ten with short interest of 8%. Short sellers appear to have noted tough trading conditions, the exit of its CEO, and a precarious balance sheet.

    The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Australian Clinical Labs Limited right now?

    Before you buy Australian Clinical Labs Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australian Clinical Labs Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Forget NAB and buy these ASX dividend shares

    Man holding out Australian dollar notes, symbolising dividends.

    National Australia Bank Ltd (ASX: NAB) shares have certainly delivered the goods for investors in 2024. Since the start of the year, the banking giant’s shares have risen over 10%.

    While this is good news for its shareholders, it isn’t for non-shareholders.

    That’s because almost all brokers now believe that its shares are trading above fair value. As a result, if you are on the lookout for ASX dividend shares to buy, you might want to stay clear of NAB until it trades at a more attractive level.

    But which dividend shares would be good alternatives? Let’s take a look at three that brokers rate as buys. They are as follows:

    Accent Group Ltd (ASX: AX1)

    The first alternative for income investors to consider buying is Accent Group. It is a market-leading leisure footwear retailer with a huge network of stores across countless brands. This includes HypeDC, Platypus, and The Athlete’s Foot.

    Bell Potter is a fan of the company and has a buy rating and $2.50 price target on its shares. It is particularly positive on the ASX dividend share due to its “growth adjacencies via exclusive partnerships with globally winning brands such as Hoka and growing vertical brand strategy.”

    The broker expects this to allow the company to pay fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.88, this represents dividend yields of 6.9% and 7.8%, respectively.

    Coles Group Ltd (ASX: COL)

    Another ASX dividend share that could be a top option for income investors is Coles. It is of course one of the big two supermarket operators in the Australian market. It also has a significant liquor store network and a joint ownership in the Flybuys loyalty program.

    Morgans sees value in its shares and has an add rating and $18.95 price target on them.

    As for dividends, it is forecasting Coles to pay fully franked dividends of 66 cents per share in FY 2024 and 69 cents per share in FY 2025. Based on the current Coles share price of $16.42, this implies yields of approximately 4% and 4.2%, respectively.

    Stockland Corporation Ltd (ASX: SGP)

    A third alternative for income investors to look at is Stockland.

    Citi thinks the leading residential developer could be an ASX dividend share to buy right now. It sees positives in a recently announced land lease partnership with Invesco and expects it to eventually generate better returns on capital.

    The broker has a buy rating and $5.20 price target on its shares.

    In respect to dividends, Citi is expecting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the current Stockland share price of $4.50, this will mean yields of 5.8% and 5.9%, respectively.

    The post Forget NAB and buy these ASX dividend shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Accent Group Limited right now?

    Before you buy Accent Group Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Accent Group Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Trump once backed a TikTok ban. Now he’s joined the app as he races Biden for young voters.

    Trump
    Former President Donald Trump speaks during a news conference at Trump Tower.

    • Trump has joined TikTok — nearly four years after he sought to ban the app in the US as president.
    • "It's my honor," the ex-president said in his first video.
    • Both Trump and Biden are looking to reach young voters through the popular video-sharing app.

    As president, Donald Trump wanted to ban TikTok for its alleged ties to the Chinese government.

    But on Saturday, the ex-president became one of the platform's newest users, expanding his online reach to young people ahead of November.

    By early Sunday afternoon, Trump had amassed 2.1 million followers and his first video — taken at an Ultimate Fighting Championship event in Newark last night — had amassed over 2.5 million likes.

    The video kicks off with remarks by UFC President Dana White as he points to Trump: "The president is now on TikTok."

    Trump's response: "It's my honor."

    The Trump campaign was just as ebullient over the development.

    "We will leave no front undefended and this represents the continued outreach to a younger audience consuming pro-Trump and anti-Biden content," Trump spokesman Steven Cheung said in a statement.

    Trump's newfound fondness for TikTok comes nearly four years after he signed an executive order that would have forced TikTok to sell to an American company. TikTok sued and the order was struck down in courts.

    President Joe Biden — whose reelection campaign also launched a TikTok account — similarly signed legislation in April that could lead to a national TikTok ban if China-based parent company ByteDance chooses not to divest itself of the app.

    TikTok has roughly 170 million users in the United States, and both Biden and Trump are angling to reach its young-skewing audience ahead of November.

    While Biden easily won over voters aged 18 to 29 in the 2020 presidential election, issues like inflation and Gaza have hampered his campaign this year.

    Read the original article on Business Insider
  • 5 things to watch on the ASX 200 on Monday

    Happy man working on his laptop.

    On Friday, the S&P/ASX 200 Index (ASX: XJO) had a strong finish to the week and charged higher. The benchmark index rose 0.9% to 7,701.7 points.

    Will the market be able to build on this on Monday? Here are five things to watch:

    ASX 200 expected to rise again

    The Australian share market looks set for another good session on Monday following a strong finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 38 points or 0.5% higher. On Friday in the United States, the Dow Jones was up 1.5%, the S&P 500 rose 0.8%, and the Nasdaq was flat.

    Oil prices fall

    ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a poor start to the week after oil prices fell on Friday. According to Bloomberg, the WTI crude oil price was down 1.2% to US$76.99 a barrel and the Brent crude oil price was down 0.95% to US$81.11 a barrel. Traders were selling oil ahead of OPEC’s meeting at the weekend.

    Brickworks upgraded

    The Brickworks Limited (ASX: BKW) share price could be undervalued according to analysts at Bell Potter. This morning, the broker has upgraded the building products company’s shares to a buy rating with a $29.50 price target. It commented: “There are no material changes to forecasts, however we think the implied SOL discount and rent growth outlook on offer is attractive and upgrade our rating to Buy.”

    Gold price drop

    It looks like ASX 200 gold shares such as Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price dropped on Friday. According to CNBC, the spot gold price was down 0.8% to US$2,347.7 an ounce. However, this couldn’t stop the precious metal from recording its fourth consecutive monthly gain.

    Champion Iron named as a buy

    Goldman Sachs thinks investors should be buying Champion Iron Ltd (ASX: CIA) shares. In response to its FY 2024 result, the broker has retained its buy rating and $9.30 price target. This implies potential upside of more than 30% for investors. In addition, Goldman expects dividend yields of 4.3% in FY 2025 and 6.1% in FY 2026. It said: “CIA reported record EBITDA of C$553mn for FY24, up 11% YoY, broadly in-line with GSe of C$541mn but +9% vs. VA consensus.”

    The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Brickworks Limited right now?

    Before you buy Brickworks Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Brickworks Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks, Goldman Sachs Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Google: Tech giant’s leadership and financial history, products, legal troubles, career opportunities, and more

    Google's sprawling headquarters in Mountain View, California, features a large Google logo on a dark glass building surrounded by trees, bushes, and pathways.
    Google has grown into a multi-billion-dollar tech giant over the past 25 years, with a rich history and vast array of products and services.

    • Google is a multi-billion-dollar tech company best known for its search engine.
    • Google was founded by Larry Page and Sergei Brin, and is currently led by CEO Sundar Pichai.
    • Google's products and services include productivity software, business tools, and AI programs.

    Google is a global technology company best known for its search engine, which is the most widely used in the world.

    Google's founders met as graduate students at Stanford University and set out to catalog every page on the internet.

    However, in the years since, the multi-billion-dollar juggernaut company's offerings have expanded greatly, necessitating the creation of its parent company, Alphabet Inc.

    Here's a look at Google's history and the array of products and services it offers today.

    Google's history

    Larry Page is the son of two academics and was enthralled with technology from an early age. A biography of Nikola Tesla that he read at the age of 12 instilled his drive to build something that would change the world. Page did his undergraduate degree at the University of Michigan and then headed to Stanford to pursue his Ph.D.

    Google's other founder, Sergey Brin, came from much humbler beginnings: He was born in the Soviet Union in August 1973. His father was an economist who dreamed of being an astrophysicist, but he wasn't able to pursue those dreams due to antisemitism in the USSR. Brin's family fled to the US when he was 6. Brin earned his bachelor's degree from the University of Maryland and his Ph.D. from Stanford, where he met Page.

    Sergey Brin and Larry Page pose with a Google logo in a Piet Mondrian abstract style, peeking out from either side of the large display, in September 2003.
    Sergey Brin and Larry Page cofounded Google, and ran the company as a triumvirate alongside Eric Schmidt in its early years.

    The pair didn't click at first — they found one another "obnoxious." But the classmates eventually grew to be close friends who could geek out about computer science together. They also had a shared love for Burning Man, which was the cause for the first Google Doodle (the temporary illustration on the search engine's homepage let visitors know the founders were out of office).

    Brin and Page began working on the search engine that would become Google in 1996, initially calling the project "BackRub." The google.com domain was officially registered in September 1997, and the company was incorporated in 1998.

    In the company's early days, Brin, Page, and Eric Schmidt, a veteran tech executive, operated as a triumvirate (though Page considered himself CEO). However, Google's investors felt the company needed more experienced management. As a result, Schmidt became the first official, solo Google CEO in 2001.

    Page would again serve as chief executive after learning from Schmidt for 10 years, while Brin served as the president of technology.

    Google's services

    Google is, of course, best known for its search engine. At first, Google's search engine only indexed web pages. But in July 2001, Google Images launched in response to search interest in pictures of a green Versace dress Jennifer Lopez had worn in February 2000.

    A side-by-side image shows a screenshot of a Google Images search for "jennifer lopez green dress," and a photo of Jennifer Lopez wearing the iconic green Versace dress at the 2000 Grammys.
    Former Google CEO Eric Schmidt said the invention of Google Images exemplified what Google does best — innovate in response to demand.

    The tech giant has introduced numerous other internet-based services over the years, with the goal of enriching users' experience on the web.

    An early introduction was Google Adwords (Google Ads, today), which lets brands, businesses, influencers, and other paying customers place advertisements on various surfaces on the internet. The type of ad internet users see, how often it's served, and the quality of its placement all depend on the user's behavior and how much the advertiser spent.

    Another useful service for business owners is Google Business Profile, previously called Google My Business. This free tool allows entrepreneurs to influence how their company appears in Google search results. It's especially geared toward small, local establishments.

    Many of those businesses may also accept contactless, mobile payments through Google Pay, a secure digital payment platform. Transactions are tokenized and customers' credit card information is protected behind a passcode or biometrics like a fingerprint or face ID.

    Business owners and marketing professionals may also find value in Google Trends, which provides real-time data about Google users' search interest in billions of people, places, topics, and terms.

    If there are particular people or topics you're interested in keeping tabs on, you can set up Google alerts to stay on top of the latest search results for each.

    Google productivity tools

    Google CEO Sundar Pichai gives a speech while standing in front of a screen featuring logos for YouTube, Google Maps, Gmail, and Chrome.
    Google Workplace boasts productivity applications like Gmail, Google Meet, Google Calendar, and more.

    Google has a host of services designed to aid productivity.

    Many people use Google Calendar to manage their days, whether at work or personally. The collaborative service allows users to create and manage multiple calendars, which can also be shared with others, ensuring that families, coworkers, and others can stay on top of their daily tasks.

    Often used with the calendar program is Google Meet. The video communication app exploded during the pandemic, cementing itself as an essential service for remote workers and long-distance loved ones.

    The company's online learning platform, Google Classroom, became another staple of pandemic life for millions of people worldwide while schools were closed. The system streamlines teachers' classroom management, allowing them to share announcements, host virtual lessons, distribute learning materials, and more.

    Another helpful tool for students is Google Scholar, which provides a simple way to search for academic literature.

    Google's productivity tools make real-time collaboration possible for students and workers alike.

    Multiple contributors can work on a presentation simultaneously thanks to Google Slides.

    If you need to collect feedback or information from your audience or create a survey, Google Forms is the right tool.

    Google Forms creates charts based on respondents' answers, and you can dig deeper into the data by opening it in Google Sheets. The online spreadsheet editor is useful for calculations, statistical analysis, creating charts, and more.

    Fun features

    Of course, not all of Google's tools have such serious uses.

    Emoji Kitchen lets you mash together some of your favorite icons to create custom combinations.

    Google Doodles add some whimsy to your day by highlighting historical moments and celebrating notable figures and even everyday things like the accordion or chilaquiles. Some of these temporary illustrations have been animated and interactive. Two of the most popular Google games, Snake and Pac-Man, originated as Google Doodles, commemorating the date of the games' invention.

    Travel tools

    Some Google tools simplify your travel planning and even help you navigate the real world once you reach your destination.

    Travelers find the cheapest airfare by comparing multiple airlines at once with Google Flights. The service even allows you to track prices and book your flight directly, without ever visiting the airline's website.

    Google Street View will give you a view of your destination before you even set foot on the ground. The tech giant deploys a fleet of specially-equipped cars and even backpack-mounted cameras to capture panoramic images of many of the world's roads, even in some of the most remote, rural areas.

    A Google Street View car, wrapped with an image of Machu Picchu and the words "Google Street View," drives down a street in Denver, Colorado.
    Google Street View uses millions of images collected from its fleet of cars to show users what destinations around the world look like.

    Google Earth takes things even further, allowing you to explore the world in 3D from satellite images. With Google Earth or Street View, you can virtually visit world-famous landmarks without ever leaving your couch.

    If you're traveling to a destination where you don't speak the primary language, or even if you've just landed on a foreign webpage online, Google Translate will be super helpful. The free app supports 133 languages and can interpret text, audio, or images.

    Google Lens is another handy tool for exploring the real world. For example, if you're trying to identify a beautiful plant you came across in your travels, simply point your camera at it and Google will pull up information about it.

    Finally, use Google Photos to manage all the pictures you take of your trip and share them with loved ones.

    Google AI

    Like virtually every other tech company, Google is turning its attention to artificial intelligence. Google's Gemini AI, formerly known as Bard, is a family of multimodal large language models that can recognize and understand text, images, audio, video, and code to produce human-like responses.

    Google's generative AI launched in December 2023 to rival OpenAI's ChatGPT. The company claims it can help with a variety of tasks ranging from summarizing information to helping with writing to analyzing massive datasets.

    Google has been hard at work integrating its Gemini AI into nearly all of its products, from its productivity suite to the actual search engine itself. Sundar Pichai, the current CEO of Google and its parent company Alphabet, declared that Google would be an "AI-first company" and said Gemini is "one of the biggest science and engineering efforts we've undertaken as a company."

    A smartphone lies on a table, displaying Google's Gemini AI chatbot, featuring the words "Supercharge your creativity and productivity."
    Google is gradually incorporating its Gemini large language model into multiple products and services, including Gmail, Google Meet, and more.

    Gemini's success remains to be seen. At Google I/O 2024, the company's annual development conference, a demo showed the tech's integration into a pair of smart glasses. The demo called to mind a failed Google product: Google Glass, a set of smart glasses launched in 2012 and discontinued nearly a decade later. Perhaps the product was just ahead of its time, and Google's Gemini AI can give it new life.

    Google acquisitions

    Not all Google products and services have been completely homegrown. The company has made numerous significant acquisitions over the years.

    In 2006, Google acquired the video-sharing platform YouTube for $1.65 billion. It's a major revenue source for the company, with more than 100 million subscribers globally as of early 2024.

    Another major purchase came in January 2013: Google bought Waze, the traffic and navigation app, for $1.3 billion. The key difference between Waze and Google's in-house navigation app, Maps, is that Waze users can report hazards like accidents, impaired vehicles, speed traps, and road closures so the app can adjust the suggested route in real time.

    The following year, Google acquired DeepMind, an AI research lab based in London. Google DeepMind is working to create artificial general intelligence, often called AGI, which is different from generative AI products like Gemini, chatGPT, and CoPilot. These generative AI systems can produce human-like responses to a set of specific tasks. By contrast, artificial general intelligence is designed to mimic or even surpass human intelligence for a broader range of tasks.

    In 2015, Google restructured and formed a holding company called Alphabet Inc. so Google could narrow its focus and allow these acquired companies to continue operating independently. Some research projects that began their development at Google get spun off as separate subsidiaries of Alphabet, as is the case with Waymo, which began as Google's Self-Driving Car Project.

    A fleet of Waymo self-driving vehicles — featuring 360-degree cameras on the roofs — sit in parking spots at an EVgo charging station.
    Waymo is Google's robotaxi service, currently available in Phoenix, San Francisco, and Los Angeles.

    Legal challenges

    Google's leading-edge technological advancements and global dominance across so many industries have drawn criticism — and litigation. The company has faced hundreds of high-profile controversies and subsequent lawsuits over privacy, intellectual property, discrimination, advertising, and defamation. Despite being a multibillion-dollar juggernaut, it hasn't always won.

    The most consequential lawsuits Google faces today were brought by the US government over antitrust concerns. One case alleging Google illegally suppressed competition in the search engine industry already went to trial in 2023 but is still awaiting a verdict.

    The other case concerns Google's online advertising strategies and is set to go to trial in September 2024. In that lawsuit, the government claims that Google illegally abused its monopoly over the digital advertising market by acquiring competitors and forcing publishers to adopt Google's own advertising tools, thereby suppressing the growth of rival technologies.

    Google has denied wrongdoing in both cases. Both lawsuits could have massive implications for internet users as well as the company. The internet as we know it could be greatly reshaped by the outcomes of these trials, especially as other major tech juggernauts Amazon, Apple, and Meta face similar litigation.

    Also in 2024, a federal jury ordered Google to pay $12 million in damages for infringing on internet voice-calling patents with Google Voice, its service that lets you merge multiple phone numbers into a single number.

    Google's financial history

    Google's IPO took place in August 2004 at an initial share price of $85. Alphabet (Google) stock has undergone three splits in its history, most recently in 2022.

    Google's earnings are reported quarterly. In its most recent earnings report, revenue was up 15% year over year to $80.5 billion. The company also issued its first-ever $0.20 per share dividend.

    On the earnings call, CEO Sundar Pichai credited the revenue bump to "strong" performance from Google Search, YouTube, and Google Cloud Platform, the company's pay-as-you-go cloud computing service vendor.

    Despite these positive results, tens of thousands have lost jobs as part of Google layoffs in 2023 and 2024, with more job cuts expected. Pichai said in January that the company would continue "removing layers to simplify execution and drive velocity" in key areas.

    Working at Google

    Google employees walk on the Googleplex campus underneath a bridge featuring the Google logo.
    Google boasts a sprawling campus in Mountain View, California, known as the Googleplex.

    Jobs and careers at Google are highly coveted in the tech industry.

    Google has long reigned as one of the best companies to work for in the US. The Googleplex, Google's headquarters in Mountain View, California, famously boasts luxurious amenities like swimming pools, massage rooms, whimsical art, and more. The company's other global offices feature similarly plush perks.

    It's quite difficult to become a Google employee, though: Google is notoriously selective when it comes to hiring, and its multi-step process is highly competitive.

    Read the original article on Business Insider
  • Take-Two CEO seems totally over questions about ‘Grand Theft Auto 6’ release date

    Grand Theft Auto 6 logo displayed on screen.
    Grand Theft Auto 6 logo displayed on screen.

    • Take-Two's CEO often gets asked about the release date for "Grand Theft Auto 6."
    • When asked last week about a PC release date, he seemed entirely fed up.
    • RockStar Games has said it plans to release 'Grand Theft Auto 6' on consoles next year.

    Take-Two's CEO appears to be getting tired of answering questions about when — or if — "Grand Theft Auto 6" will be released.

    Take-Two, which is the parent company of "GTA"-maker Rockstar Games, announced last month that "GTA 6" would be released next year. But the game's initial release will only be available on the PlayStation and Xbox. No release date for the PC has been set.

    There is enormous hype around the release of this game. Its official trailer, posted in December, set the record on YouTube for views on a non-music video. And Take-Two's stock dipped after RockStar announced "Grand Theft Auto 6" would not come out until some time in 2025. "Grand Theft Auto V" is one of the highest-selling video games of all time, bringing in $8 billion in revenue.

    In an interview Thursday, Take-Two CEO Strauss Zelnick made sure to leave plenty to the imagination when asked whether the game will eventually have a PC release date. Giving essentially a long-winded non-answer, Zelnick said more announcements could come in the future.

    "Well, the lack of an announcement is not something that could be set in stone as near as I could tell because the only thing that happens after the lack of an announcement is an announcement, I suppose, or a continuing lack of an announcement, I guess that could happen too," he said during an interview at a tech and media conference last week. "It doesn't seem to me that either would be set in stone."

    Zelnick then pivoted the focus to Rockstar Games, adding that the studio "has an approach to platforms which we've seen before, and they will make more announcements in due time."

    "I do believe that the right strategy for our business is to be where the consumer is, and historically what this company has done is address consumers anywhere they are, on any platform that makes sense, over time," Zelnick added.

    Rockstar has historically released games on console first and PC versions later, including "Grand Theft Auto 5" and "Read Dead Redemption 2."

    Take-Two did not immediately return a request for comment from Business Insider.

    Read the original article on Business Insider
  • Nvidia reveals new chip named after an astronomer who discovered dark matter

    Jensen Huang smiling whilst wearing a navy blue suit, light blue shirt and dark blue tie
    Nvidia CEO Jensen Huang.

    • Nvidia CEO Jensen Huang revealed the Rubin platform at Computex in Taipei.
    • The Rubin, named after astronomer Vera Rubin, comes just months after Nvidia unveiled Blackwell.
    • Nvidia aims to expand its customer base across various industries amid rising AI demand.

    Nvidia is on a roll.

    CEO Jensen Huang hesitantly revealed Rubin, the company's latest AI platform, at the Computex conference in Taipei on Sunday. The announcement comes less than three months after Nvidia unveiled its predecessor, the Blackwell chip.

    Huang didn't offer too many specifics. He described the Rubin as the company's "next-generation platform" and said it will rely on HBM4, the next iteration of the essential high-bandwidth memory. He also noted that Nvidia plans to develop chips on a "one-year rhythm" and that the Rubin would be followed by the Rubin Ultra. The new chip will begin shipping in 2026.

    The platform was named after Vera Florence Cooper Rubin, an astronomer who established the presence of dark matter. Rubin also led studies of the structure of galaxies and their movements.

    Nvidia has generated billions in revenue over the past several months as one of the biggest suppliers in the AI boom. Its processors are helping fuel an arms race between tech giants.

    Now, Huang said the company is trying to broaden its customer base by supporting companies ranging from shipbuilders to drug developers to government agencies as they embrace AI, Bloomberg reported.

    "We are seeing computation inflation," Huang said on Sunday.

    Read the original article on Business Insider
  • The New York Times removes some mentions of union work from staff bios

    A sign for The New York Times hangs above the entrance to its building in New York.
    • The New York Times removed details about union work from its staff's bios.
    • Language about the union's effort to make the Times "fair and equitable" was scrubbed.
    • The Times Guild said the edits to bios post-publication were 'petty.'

    Some staffers at The New York Times say the company removed some mentions of their union work from their public-facing staff biographies.

    It comes after the Times asked its reporters to tell the audience a little more about themselves — and then snatched the metaphorical mic away when reporters used the opportunity to detail their union work, according to reports.

    "The new format, which we call enhanced bios, was designed to bolster trust with readers by letting them know who we are and how we work," read a January press release from two managing editors at the Times. "Research has shown that the more readers know about our reporters, the more likely they are to understand the rigors of our journalistic process and trust the results."

    One reporter told The Washington Post that he intentionally included his membership with the Times Guild, which "advocates for members and works to ensure that The Times is a fair and equitable place to work."

    After publication, his and other bios were edited last week to remove the "fair and equitable" language, the Post reported. Times Guild leaders called it "petty and absurd," according to the Post.

    A spokesperson for the Times told Business Insider that of about 700 biographies, only five included the "fair and equitable" language that the Times later removed, adding that similar edits were also made to descriptions of other, non-union-related organizations.

    A spokesperson for the Times Guild did not immediately respond to a request for comment from BI on Sunday.

    The Times Guild secured a contract last summer that raised the staff base salary to $65,000. The win came months after a daylong walkout, the first at the publication since the 1970s.

    Read the original article on Business Insider
  • Nvidia’s Jensen Huang breaks down ‘CEO math’

    Jensen Huang smiling
    Jensen Huang broke down "CEO math" at a recent talk.

    • Nvidia's Jensen Huang explained 'CEO Math' ahead of Computex in Taiwan.
    • Huang said by investing in GPUs and CPUs, companies can drastically reduce time spent on AI tasks.
    • "The more you buy, the more you save," he said. 

    There's math, and then there's what Nvidia's Jensen Huang calls "CEO Math."

    "The more you buy, the more you save," Huang said ahead of Computex, an annual technology exposition held in Taiwan. "That's called CEO math. It's not accurate, but it is correct."

    Confused?

    Huang explained the concept by describing why companies should invest in both graphics processing units (GPUs) and central processing units (CPUs). The two processors can work autonomously, reducing the time it takes to carry out a task from "100 units of time down to 1," he said.

    So, the more you buy, the more you save. Sounds like a good sales pitch for a CEO who sells processors.

    Combining the two processors is already common practice in the personal computing industry. "We add a GPU, a $500 GPU, to a $1,000 PC, and the performance increases tremendously," he said. "We do this in a data center. A billion-dollar data center, we add $500 million worth of GPUs, and all of a sudden, it becomes an AI factory."

    Huang then presented a diagram showing that when companies use both, their speed will increase by 100, at just 1.5 times the cost. 

    In March, Nvidia unveiled the Blackwell B200 GPU, a $70,000 chip it claims is the "world's most powerful AI chip." It is packaging the chip into larger designs like the GB200 NVL72, which combines 72 GPUs and 36 CPUs and is intended for the "most compute-intensive workloads" and reduces cost and energy consumption by up to 25 times. 

    Over the past few months, the chipmaker has shot into headlines as a critical player in the AI boom. It raked in over $22 billion in the fourth quarter of 2023. Tech execs from Sam Altman to Mark Zuckerberg have become reliant on its chips to power their AI ambitions.

    Read the original article on Business Insider