GOOGLE PROFIT REPORT
ChatGPT maker OpenAI negotiates with Microsoft to facilitate new funding, IPO: FT report
OpenAI, backed by Microsoft's $13 billion investment, is reportedly renegotiating its deal with the software giant. The aim is to restructure into a for-profit entity and potentially pursue an IPO in the future. Microsoft may relinquish some equity in exchange for continued access to OpenAI's cutting-edge AI technology beyond the current contract's 2030 expiration.
Info Edge clocks 36% return on startup investments
Info Edge was one of the early backers in homegrown listed companies, including Zomato and Policybazaar. It invested a total of Rs 483.78 crore and Rs 591.40 crore in the two companies, respectively. The value of its shareholding in both the companies is collectively more than Rs 31,500 crore.
This Apple executive rocked Alphabet shares this week; here's what happened and the real story behind it
Google Search faces AI challenge as Apple exec Eddy Cue reveals a drop in Safari-based searches for the first time in over 20 years—hinting that AI chatbots like ChatGPT are changing how people search online. Alphabet stock took a hit, and while Google claims total search is growing, data shows its market share is slipping. With younger users preferring TikTok or Instagram, and ad clicks slowing due to AI Overviews, the search giant is under pressure. This story breaks down the data, the impact of AI tools, and what it means for Google’s future in a fast-changing digital world.
Alphabet shares take $120 billion blow as search warnings blare
Google parent Alphabet Inc. faces growing investor concerns as Apple explores AI integration in its Safari browser, potentially impacting the internet major's lucrative search engine deal. A drop in Safari searches fuels fears that rivals like OpenAI are eroding Google's market share, causing a significant stock selloff.
These large- and mid-cap stocks can give more than 28% return in 1 year, according to analysts
Once it starts, there is no point in guessing when it will end. All the so-called analysis is not worth much as no one can say for sure what Pakistan’s reaction may be, or how India will respond to that. What matters most now is thinking beyond the conflict. And yes, it would be a great idea to conserve cash, to be used at the opportune time. If matters escalate further, the first phase of correction will be across the board. It would be differentiated after that.
Shopify beats earnings forecast but warns of slower growth amid Trump tariffs and trade policy shifts
Shopify topped first-quarter earnings and revenue expectations but issued cautious guidance, citing uncertainty around Trump-era tariffs and changing trade policy. Despite macroeconomic pressures, the Canadian e-commerce firm remains confident, pointing to its high-income customer base and minimal exposure to Chinese imports. Shares dipped 5 per cent following the announcement
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Web archivists scrambling to save US public data from deletion
As Trump’s administration removes federal data on climate, health, and minority rights, experts and volunteers race to preserve it. Using tools like the WayBack Machine, they archive deleted or altered pages amid growing concern over data loss, censorship, and shrinking resources for public information.
Apple looks to add AI search to Safari in potential blow for Google
Apple executive Eddy Cue made the comments while testifying as a witness for Google in the U.S. Department of Justice's antitrust case over Google's dominance in online search, according to a source familiar with the matter.
Alphabet shares fall 9% as Apple looks to add AI search to Safari in potential blow for Google: Report
Apple is exploring AI search options for Safari. This could challenge Google's search dominance. Google currently pays Apple billions to be the default search engine. Apple is also partnering with OpenAI. Google is trying to integrate its Gemini AI into Apple devices. Analysts believe Google could face significant consequences if it loses its exclusivity on Safari.
Lahori’s funding fizz; Info Edge’s windfall
Beverage brand Lahori has raised Rs 200 crore from Motilal Oswal Wealth. This and more in today’s ETtech Top 5.
AI job loss: 40% of roles at risk, experts warn
AI's rapid growth is raising alarms about job loss, with experts warning up to 40% of roles could be affected globally. While fears of displacement are high, particularly in India, some see AI as a tool to improve work efficiency. The challenge lies in adapting to these changes while protecting jobs.
For investors moderate risk appetite: 6 mid-cap stocks from different sectors with an upside potential more than 26% gain
The chances of continued volatility in the market for some time remains high. Both due to global and domestic events. The geopolitical situation in the region is a cause for worry. The government announcing a nationwide security preparedness drill only heightens the worry. And in the background still lurks President Trump and his ever-changing tariff threats. Does all this mean you cannot be bullish? You can, but with the usual caveat: Manage your risks. And when we say risk-management, it’s not only about the allocation of money. It is about the way you select a stock or a sector. If your stock selection is good, you can afford to ignore what is happening to the Nifty and Sensex.
TCS variable pay rollout; Eternal’s quick pivot
TCS has rolled out full quarterly variable pay to 70% of employees, while the rest received lower payouts based on business unit performance. This and more in today’s ETtech Top 5.
US dominates perception battle with India as they negotiate a trade deal: GTRI's Ajay Srivastava
According to Ajay Srivastava, the US has successfully framed India's trade practices as the cause of the US trade deficit, pressuring India to increase purchases of American goods and ease regulations for US companies. Srivastava argues this perception is misleading, as the overall economic balance favors the US when considering arms sales, profits, and educational expenses.
Crypto market regains bullish momentum amid economic shifts and institutional inflows
The crypto market is experiencing a bullish surge, with Bitcoin nearing $100,000 after surpassing Google's market cap briefly. Altcoins like Ethereum and Solana are also showing strength. This rally is fueled by a weakening US economy, increased institutional buying, and positive on-chain metrics.
Amazon sellers are stocking up in the face of tariffs, but it's a short-term fix
Amazon is grappling with the potential impact of tariffs on its third-party sellers, who are currently stocking up to mitigate the effects. However, analysts predict that price increases and margin pressures are inevitable in the coming months as inventories deplete.
Reddit's strong revenue forecast signals advertising strength
Reddit forecast Q2 revenue above expectations, boosted by ad tech gains and a 50% rise in active advertisers. Despite Google search disruptions, Q1 revenue grew 61% to $392.4 million. Daily active users rose 31% as AI drives engagement.
RBI boost for gold loan fintechs; Blinkit dents Zomato’s profits
Happy Friday! The RBI is formalising the gold loan market, opening doors for fintechs in the space. This and more in today’s ETtech Morning Dispatch.
Apple tops Wall Street's profit expectations but tariff fears still loom
Apple's profit increased by 4.8% to $24.78 billion. Sales also rose by 5% to $95.36 billion. Tim Cook navigated tariff challenges. He also shifted production to India and Vietnam. iPhone sales increased in Japan, India, and the Middle East. However, sales declined in China. The company faces antitrust issues related to the App Store and Google's search engine payments.
Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronics
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics take a battering from President Donald Trump's global trade war.
Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronics
AI came to the rescue of earnings at Microsoft and Google-parent Alphabet in their March quarter, offering investors hope that their billion-dollar bets on the technology would help them ride out the fallout from sweeping US tariffs. The Trump administration has so far spared electronics from tariffs, but Washington has signaled that some levies could be imposed in the coming weeks.
100-day pain: These billionaires who donated to Donald Trump's inauguration have lost $194 billion, and counting
Donald Trump's policies impact tech giants. Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang face huge financial setbacks. Trade wars and export controls affect their companies. Tesla, Amazon, Meta, and Nvidia shares decline. Tim Cook and Sundar Pichai also see losses. Market disruptions hurt tech billionaires despite their earlier support for Trump. The losses are significant.
Samsung Electronics posts 22% jump in Q1 net profit
South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs. The world's largest memory chipmaker reported net profit of 8.22 trillion won ($5.75 billion) for the January-March quarter, up 21.7 percent on-year.
Asian stocks rise with earnings, economic data in focus
Australian and Japanese shares climbed at the open and equity-index futures for Hong Kong pointed to a moderate gain. US stock futures edged lower after Super Micro Computer Inc. tumbled in late trading on a disappointing update. Treasuries extended this month’s advance, with 10-year yields falling for a seventh day. The dollar was little changed after strengthening on Tuesday. Gold rose and oil dropped.
In fierce UPI fight, new players Flipkart-backed Super.Money, Navi, Cred start to gain ground
New-generation UPI apps such as Navi, Cred, Bhim, and Super.Money have been quietly gaining market share over the last six months, aggressively using cashbacks and incentives to carve out a slice of the growing digital payments market. NPCI data shows that these smaller apps have collectively nearly doubled their market share.
Apple issues urgent global alert to 1.8 billion iPhone users: Delete this app immediately or risk losing all your banking info
Apple is advising iPhone users to stop using Google's Chrome due to privacy concerns related to tracking cookies, which monitor online activity and potentially expose sensitive data like banking information. Apple promotes Safari as a safer alternative with enhanced privacy features, while other options like Firefox and DuckDuckGo are also available. Google's advertising revenue relies heavily on this data collection.
Google DeepMind staff in UK to unionise, challenge defence deals and Israel links: FT report
Around 300 DeepMind employees in London are planning to unionise and challenge defence deals and Israel links, after Google dropped a pledge to in February to not develop AI technologies that cause or a likely to cause overall harm, including weapons and surveillance.
Google says deep AI investments powering ad sales, soothing anxious investors
Alphabet beat Q1 profit and revenue estimates, boosted by strong ad and AI-driven search performance. It announced a $70 billion stock buyback, lifting shares 4%. Despite global economic concerns and US-China trade tensions, Alphabet reaffirmed its $75 billion AI investment plan, signaling confidence in continued growth and infrastructure expansion.
Alphabet quarterly earnings lifted by cloud and AI
Alphabet, Google's parent company, reported a $34.5 billion profit, driven by strong cloud and AI growth. However, it faces major US antitrust battles that could force it to divest Chrome or Android. Despite strong earnings, legal pressures threaten Google's dominance in search and advertising, with appeals ongoing
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