Google has invested about $300mn in artificial intelligence start-up Anthropic, making it the latest tech giant to throw its money and computing power behind a new generation of companies trying to claim a place in the booming field of “generative AI”. The deal involves Google taking a stake of about 10 per cent in the…
In the AI arms race that has just broken out in the tech industry, Google, where much of the latest technology was invented, should be well positioned to be one of the big winners. There is just one problem: With politicians and regulators breathing down its neck, and a hugely profitable business model to…
Google has launched its Bard chatbot in a bid to rival OpenAI’s popular ChatGPT, as it seeks to make up lost ground in the race to commercialise generative artificial intelligence technology. The tech giant began rolling out the chatbot, its first standalone consumer AI product, on Tuesday. Google said that Bard, which provides answers to…
Google has agreed to allow developers to offer alternative payment options in its app store following a probe by the UK’s competition watchdog over the tech giant’s dominance. The Competition and Markets Authority on Wednesday said Google had pledged to allow app developers the freedom to break away from its Google Play billing system in…
Alphabet is combining its DeepMind and Google Brain AI research units, ending a long-running internal rivalry between the London and Silicon Valley-based groups as it tries to make up lost ground in generative AI against Microsoft and OpenAI. The shake-up will leave Demis Hassabis, the British head of DeepMind, in charge of an expanded group…
Google plans to introduce generative artificial intelligence into its advertising business over the coming months, as big tech groups rush to incorporate the groundbreaking technology into their products. According to an internal presentation to advertisers seen by the Financial Times, the Alphabet-owned company intends to begin using the AI to create novel advertisements based…
Tesla has announced plans to build a factory in Shanghai to produce its Megapack energy storage system, as chief executive Elon Musk resists rising opposition in Washington to US technology companies investing in China. Tesla’s Megapack system provides lithium-ion battery packs to help store renewable energy for electricity grids and represents a key driver…
Dell Technologies, the software and laptop company controlled by Michael Dell and private equity group Silver Lake, has agreed to pay $1bn to settle a lawsuit over its acquisition of software company VMware, which would be one of the biggest shareholder awards in the Delaware Court of Chancery. The case dates to 2018, when…
US computer maker Dell aims to stop using chips made in China by 2024 and has told suppliers to significantly reduce the amount of other “made in China” components in its products as part of efforts to diversify its supply chain amid concerns over Washington-Beijing tensions. The world’s third-largest computer maker by shipments told…
The irony of the Silicon Valley Bank saga is now complete. The crisis started inside the American tech sector’s favourite bank, but the government rescue has benefited Big Tech the most. As calm returns to the market, fuelled by megacap tech stocks, investors are naturally relieved. They need to be aware, however, of where a…
