Tech giant Microsoft said Tuesday its profits rose in the latest quarter, boosted by its strength in the closely watched cloud services segment. Google, like most big tech companies, saw its share price rise steeply in 2023 as investors expected AI to generate new revenue and open new markets.

The internet titan is scheduled to release its most recent quarterly earnings figures next week. A site in San Jose had been cleared for a Google "Downtown West" campus, with construction to start by the end of this year, according to CNBC.

Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to competition" in Germany and worldwide, Federal Cartel Office chief Andreas Mundt said in a statement.

Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner...

Worsening the financial situation for Alphabet is the fact that Google tends not to aggressively promote advertising on its platform with tactics such as trying to convince businesses that online marketing is a smart move during tough economic times, said independent tech analyst Rob Enderle of Enderle Group.

The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares of Alphabet.

Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town.  Retail rival Walmart already offers drone delivery and in May announced it is dramatically ramping up the service, expanding to six states by...

Google is also working on a Pixel tablet computer, which is expected to be released next year.

Shares sank nearly 5 percent to $2,257 on the news.

At the heart of the issue is how much internet companies should know about people's online lives, which is key to how much Big Tech makes on ads.

The tech giant had net income of $20.6 billion on revenue that grew 32 percent to $75 billion in the final quarter of 2021, ending the year with a total of $76 billion in profit.

Google remains a centerpiece of online activity.

The war-ravaged nation has themed its participation ‘We Will Rise Together’, inspired by its rich cultural past and future aspirations.

Making industrious efforts toward lessening its dependence on hydrocarbons and diversifying its current economic portfolio, Saudi Arabia is exploring potential joint ventures to establish tech hubs in different pockets of the nation. Working in this direction, Saudi state-owned Aramco, Middle East’s largest oil company, and Alphabet, parent company of US-based...