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...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
...The first-quarter dividend of 20 cents a share is worth almost $2.5bn....
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...Just 10 companies now make up more than a fifth of the total share of the MSCI World Index. That index tracks the performance of stocks across developed countries....
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
...Shares in Alphabet, Google’s parent company, hit record highs in January amid a broader surge in tech stocks....
...However, the shares ended the day 2.7 per cent lower....
...Snowflake shares plunged by more than a fifth after the cloud computing group announced its chief executive was retiring with immediate effect and released a weak outlook in its latest results....
...Sridhar Ramaswamy, the company’s senior vice-president of artificial intelligence and a former Google executive, has been appointed as the new CEO, replacing Frank Slootman, who had led the company since...
...The fall in Meta’s shares wiped billions of dollars off its market value....
...Apple, Microsoft and Google-parent Alphabet are the only other US-listed companies to have reached market values of $2tn, but only the former two have closed with valuations above that level....
...Alphabet: Google’s parent company is expected to report that revenue increased 13 per cent to $78.6bn in the first quarter thanks to a rise in advertising revenue....
...In Japan, for example, it is taking market share from Apple iPhones....
...WPP: Shares in the UK-based advertising and communications group climbed 2.7 per cent in early trade a day after it announced a partnership with Google Cloud to advance generative AI-driven marketing systems...
...But Mistral isn’t alone in taking on Google and OpenAI....
...Meta had been a latecomer to the large language model party, dominated by OpenAI and Google....
...But the deals have helped Google’s search engine to dominate the market with a near 90 per cent estimated share. For Apple the so-called Information Services Agreement is genius....
...Separately on Thursday, it announced that it had struck a deal with Google that would “usher in new ways for Reddit content to be displayed across Google products” while allowing the search engine to use...
...Revenue at Google’s parent company rose to $80.5bn, beating analysts’ expectations for $79bn, according to a filing yesterday....
...Judging by the record share prices enjoyed by some of these companies in recent months, Wall Street doesn’t believe it either....
...The company is selling shares at $30 apiece in an effort to raise cash and computing credits to fund the costly development of cutting-edge AI models, according to people with knowledge of the deal....
...Under other agreements to make Google’s search engine the default in which it shares revenue from those queries, Google prohibits its partners from prompting users to select their own default search engine...
...The company has denied wrongdoing, arguing it is facing tough competition and that its market share is because of the strength of its product. Read more on Microsoft here...
...Alphabet shares hit record highs this month amid a broader surge in tech stocks....
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