Google profit

Google profits and revenues soared in the third quarter

Google’s parent company Alphabet has ignored any concerns of a slowdown in online advertising with another successful quarter of revenue, supported by continued strong demand for YouTube ads and steady growth in its cloud business. computing. Alphabet said Tuesday that third-quarter net profit rose 68% to $ 18.94 billion, while revenue jumped 41% to $ […]

Google profit

Alphabet’s DeepMind AI lab turns a profit for the first time ever

Demis Hassabis, CEO of DeepMind, at an event in China in 2017. Source: Alphabetical LONDON — DeepMind, one of the world’s leading artificial intelligence labs, has turned a profit for the first time ever, according to a filing with Britain’s Companies Registry released on Tuesday. The London-based research firm posted a profit of £43.8m ($59.6m) […]

Google profit

Facebook ’60 Minutes’ whistleblower interview: Frances Haugen says company prioritized profit over public good

The 37-year-old former Facebook product manager, who worked on civic integrity issues at the company, says the documents show Facebook knows its platforms are being used to spread hate, violence and misinformation, and that the company attempted to hide this evidence. “What I’ve seen over and over again on Facebook is that there are conflicts […]