INSEAD Day 4 - 728x90

Google

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Washington, United States -- OpenAI CEO Sam Altman has declared a company-wide "code red" as its ChatGPT technology faces stiff competition from other big tech rivals, especially Google, US media reported. In a memo to staff on Monday, Altman told employees that the company was "at a critical time for...
  • As Israel celebrates 75th anniversary, its economy presents a dichotomy of success and inequality

    A country that describes itself as a "start-up nation" now boasts of higher per capita GDP than many European countries. But amid success, there are many glaring inequalities.
  • ‘Godfather of AI’ quits Google to warn of the tech’s dangers

    The scientist warned about the potential spread of misinformation created by AI, telling the media that the average person will "not be able to know what is true anymore." While AI has been used to support human workers, the rapid expansion of chatbots like ChatGPT could put jobs at risk.
  • Amazon logs profit in Q1

    The company's shares spiked over 10 percent on Thursday.
  • Google, Microsoft rake in large Q1 profits amid escalating AI rivalry

    Google found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a major challenge by Microsoft on artificial intelligence. Most market attention was on Google, which became a focus of worry when Microsoft-backed ChatGPT was released and quickly went viral late last...
  • Google stops work on big Silicon Valley campus: report

    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.
  • Elon Musk lays out plan to create ‘truth-seeking’ AI

    Musk's founding of X.AI artificial intelligence corporation, a rival to OpenAI came several weeks before he joined experts in signing an open letter urging an overall hiatus in the development of AI technology. The signatories argued that the pause should be used to bolster regulation and ensure AI systems were...
  • German anti-cartel watchdog puts Apple under surveillance

    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.
  • Chip war and censorship hobble Chinese tech giants in chatbot race

    A flurry of Chinese companies including Alibaba, JD.com, Netease and TikTok-parent Bytedance have rushed to develop services that can mimic human speech since San Francisco-based OpenAI launched ChatGPT in November, sparking a gold rush in the market.Google on Tuesday invited people in the United States and Britain to test its...
  • Microsoft adds ChatGPT technology to Excel, Outlook

    The Redmond, Washington giant has been swiftly adopting language-based AI, showing less caution than its rivals despite early problems such as chatbots giving disturbing responses or blatantly inaccurate information. The thrust of the new release is that generative AI, the term for ChatGPT style capabilities, will function as an assistant...
  • Meta to slash 10,000 jobs

    The firm also announced 5,000 other roles would remain unfilled.
  • ChatGPT sets off AI ‘gold rush’ in Silicon Valley

    Artificial intelligence (AI) has been increasingly present in everyday life for decades, but the November launch of the conversational robot from start-up OpenAI marked a turning point in its perception by the general public and investors. Since its discrete release in late November, ChatGPT has become one of the fastest...
  • Google to release Bard in showdown with Microsoft’s ChatGPT

    Media reports said the overnight success of ChatGPT was designated a "code red" threat at Google with founders Sergey Brin and Larry Page -- who left several years ago -- brought back to brainstorm ideas and fast-track a response.
  • Google, Apple disappoint as tech earnings hit by gloom

    Google parent Alphabet's revenue of $76 billion in its fourth quarter and profit of $13.6 billion were below what it made in the same period a year earlier, with share prices falling more than 3 percent in after-market trade. The tech titans posted earnings as shares in Meta skyrocketed a...
  • US sues Google over dominance of online ad market

    In this latest suit, prosecutors took aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. Google's ad dealings generated more than $200 billion in sales in 2021 and is parent company Alphabet's biggest moneymaker by a wide margin.
  • Microsoft to invest in OpenAI

    Microsoft has extended its partnership with OpenAI.
  • Google announces 12,000 job cuts globally, cites changing economic reality

    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...
  • OpenAI, creator of ChatGPT, casts spell on Microsoft

    Microsoft, which makes no secret of its AI ambitions, has integrated Dall-E 2 into several of its applications and now, according to a report in Bloomberg, the tech giant wants to graft ChatGPT to its Bing search engine to take on Google. Since ChatGPT was introduced in November, the prowess...
  • Meta to disallow ads targeted at teens based on gender

    The company formerly known as Facebook is facing increasing pressure and fines to curb its practice of delivering narrowly targeted ads to its users, a practice that brings in billions of dollars in revenue from advertisers every year.
  • US diplomats go cold turkey on Turkey name, switch to Turkiye

    In a statement announcing measures to disrupt financiers of the Islamic State group, the State Department wrote of joint action between "the United States and Turkiye," written with an umlaut over the u. "The Turkish embassy did request that we use this spelling in our communications," State Department spokesman Ned...
  • YouTube TV wins right to broadcast NFL games starting in 2023

    YouTube TV subscribers, who now pay $64.99 a month for a viewing package, will have to pay an added fee - as yet undetermined - to view the games, or they can view them on an a-la-carte basis on its YouTube Primetime Channels platform. They will not be able to...
  • Pentagon gives cloud contracts to Amazon, Google, Microsoft and Oracle

    Pentagon announced Wednesday it has awarded $9 billion in cloud computing contracts to Amazon, Google, Microsoft and Oracle.
  • UK probes Apple, Google over cloud gaming, browsers

    Apple and Google "have an effective duopoly on mobile ecosystems that allows them to exercise a stranglehold over operating systems, app stores and web browsers on mobile devices" to the detriment of competition, Competition and Markets Authority said. The watchdog will investigate "the way that Apple and Google dominate the...
  • Google agrees to pay US$392m in a privacy settlement

    A statement said it was the largest multi-state privacy settlement by state authorities in US history and included a binding commitment for improved disclosures by Google.
  • Google looks to develop AI in one thousand languages

    As progress is made on the project, which is estimated to take several years, Google plans to integrate its advances into its products, including YouTube and Google Translate.
  • India fines Google $113 mn for ‘unfair’ payment system

    The CCI ordered Google to allow app makers to use third-party billing systems and treat rival payment processing services on equal footing. Tuesday marked the second financial penalty levied by the CCI against Google in a matter of days. Last week, the watchdog fined the company $162 million after ruling...
  • Google’s money churning ad engine sputters in rough economy

    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.
  • Online spending set to rise as MENA shoppers start looking for products, offers ahead of holiday season

    Consumers in the UAE, Saudi Arabia and Egypt are among the most excited to search for Black Friday compared to Brazil, UK, and US, Google’s internal data suggest.
  • Google fined $162m by Indian watchdog over market dominance

    Android had a suite of Google apps pre-installed on its phones, including the company's own search engine, "which accorded significant competitive edge to Google's search services over its competitors", a Competition Commission of India statement said late Thursday. "Markets should be allowed to compete on merits and the onus is...
  • Major Public Cloud providers help GCC revolutionize digital services, boost growth

    Leading Public Cloud players are not only providing more choice to Gulf organizations but also offering them speed and data residency benefits, says an expert.
  • Google seeks to enhance smartphone credentials with Pixel 7

    The device was unveiled this week in Brooklyn, where representatives from the Mountain View, California giant highlighted top-flight features that can silence background noise on the phone. First introduced in 2016, the Pixel was a late-comer to the portable phone trend, arriving nearly a decade after Apple's iPhone and seven...
  • Google to shut down cloud gaming service Stadia

    Google said it will refund purchases of Stadia hardware, such as controllers, as well as game content bought through its online store, and that players will have access to the service through January 18 of next year, he added.
  • Netflix and Disney+ to launch ad-supported subscription

    Netflix and Disney+ will launch an ad-supported subscription in the coming weeks thus biting into the revenue of traditional television channels as the streaming services look toward continued expansion. Netflix, after having long-shunned the notion of advertising on its platform, this year accelerated work on just such an offering.
  • Huge fine against Google upheld

    The General Court, however, reduced the fine to $4.1bn.
  • EU court to rule on record antitrust fine against Google

    The decision by the Luxembourg-based General Court could undo or demand modifications to the landmark decision, taken by the European Commission in 2018, which remains the EU's biggest-ever antitrust fine.
  • Europe’s battle with Big Tech: billions in fines and tough laws

    In the past few years, the EU has slapped eye-watering fines on Apple and Google in tax and competition cases, and drawn up a landmark law to curb the market dominance of Big Tech. Brussels has also toughened its code of conduct on disinformation and hate speech.
  • Aramco sets new profit record.

    The Saudi firm made $279.4bn in profit in 12 months.
  • Google allows Parler app back into Play Store

    Google pulled the Parler app from its online marketplace just days after the deadly attack on the seat of US government on January 6, 2021, saying it had allowed "egregious content" that could incite more violence. Parler had become a haven for far-right personalities who say they have been censored...
  • Google first paying customer for Wikipedia’s commercial venture

    Wikipedia, one of the world's most visited websites, is free to use, updated by volunteers and relies on donations to keep afloat.
  • Google AI splits opinion on its risks and ambitions

    An internal fight over whether Google built technology with human-like consciousness has spilled into the open, exposing the ambitions and risks inherent in artificial intelligence that can feel all too real.
  • Amazon to begin drone delivery in California

    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 pays $118m in settlement to underpaid female workers

    Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that argued it underpaid female employees and assigned them lower-ranking positions. The $118 million settlement covers about 15,500 female employees who have worked for the company in California.
  • Google loses defamation fight against Australian politician

    Australia's federal court ordered Google on Monday to pay more than $500,000 in damages to a politician after finding he had been defamed by a comedian's videos hosted on YouTube. John Barilaro was deputy premier of the state of New South Wales in 2020, when an Australian comedian known as...
  • What Gulf netizens searched for in 2021?

    Google's yearly report of top trending searches reveals the most popular keywords and topics across different categories, such as 'How to' or 'the most searched recipes'.
  • Google making smartwatch in ‘ambient’ computing push

    Google is also working on a Pixel tablet computer, which is expected to be released next year.
  • Xbox makes Fortnite free to play on phones

    The popular battle royale title from Epic Games will be the first free-to-play game available through an Xbox Cloud Gaming service available in 26 countries.
  • Alphabet Q1 profit slips

    Shares sank nearly 5 percent to $2,257 on the news.
  • Covid, digital transformation push GCC cloud growth

    Businesses in the region are increasingly adopting cloud to protect their data, apps and infrastructure from fraudulent activities while supporting compliance and confidentiality.
  • How European rulings imperil flagship Google product

    Lax laws and sweetheart deals are becoming a thing of the past for big tech firms, particularly in Europe where a series of rulings is posing a major threat to one of Google's flagship products. Activists have filed dozens of cases with regulators in Europe arguing that the tool breaches...
  • EU negotiators agree landmark law to curb Big Tech

    The "Digital Markets Act" (DMA) has sped through the bloc's legislative procedures and is designed to protect consumers.
  • Google faces racism lawsuit

    Ex-employee says Google imposed ‘barriers’ on Black workers.