Silicon Valley mystery: Why the ‘time is right’ for Eric Schmidt to leave as Alphabet chairman

If the first thing you asked was “what did he do” when you heard the news that Google fixture Eric Schmidt is stepping aside as Alphabet executive chairman, you have company. The Silicon Valley tech giant didn’t say why Schmidt is out. “Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s… Please follow and like us:

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Eric Schmidt steps down as Alphabet’s executive chairman

Former Google Chief Executive Eric Schmidt announced Thursday he has stepped down from his role as executive chairman of the search giant’s parent company Alphabet. Schmidt, who served as Google’s CEO from 2001 to 2011, will remain on Alphabet’s board of directors while also serving as a “technical adviser,” the company said in a statement. “Larry,… Please follow and like us:

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Tencent bumps Facebook from top 5

Soft toys promoting QQ, operated by Tencent Holdings Ltd, are displayed at an expo in Guangzhou, Guangdong province, Dec 6, 2016. [Photo/VCG] Dubbed the “anchor” of the benchmark Hang Seng Index, Tencent knocked Facebook off the pedestal to become the fifth-largest company around the world in terms of market value on Tuesday. This came after the… Please follow and like us:

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Republican tax plan could lead Silicon Valley companies to bring overseas cash home

Silicon Valley companies that hold billions of dollars in profit overseas would have an incentive to bring some of that money back home under the tax plan announced by House Republicans this week. But that doesn’t necessarily mean such companies as Apple, Alphabet, Intel and Cisco Systems would be in a big rush to flood the… Please follow and like us:

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Lyft gets $1 billion investment, led by Google’s parent company

SAN FRANCISCO — In the topsy-turvy world of tech, an investor can fund a company one minute and sue it the next. It also can turn around and fund a competitor, which is what Google’s parent company did when it announced Thursday that its growth equity fund led a $1 billion investment in Lyft, four years… Please follow and like us:

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Google, Citi And Goldman Sachs Invest In Blockchain

The buzz around blockchain technology is all about its potential to disrupt the status quo. But the truth is Silicon Valley and traditional finance giants are funding much of the white collar blockchain industry. The market research firm CB Insights recently released an investments report showing the past 12 months marked a record-breaking peak in corporate… Please follow and like us:

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DeepMind AI Teaches Itself Without Human Intervention

DeepMind researchers have developed an artificial intelligence program that has taught itself “thousands of years of human knowledge” from scratch in just a few days. The AlphaGo Zero algorithm, created by the Alphabet (formerly Google) subsidiary DeepMind and detailed in the journal Nature this week, mastered the classic strategy game Go without human input, while reaching… Please follow and like us:

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Tech Dominates Overweight Stocks List But Guess Which One’s Not On It

This week brings the end of the third quarter, which means that some fund managers may be rebalancing their portfolios for the end of the quarter. Major technology names have long been favorites of active fund managers, and this year has especially been a roaring year for most of them. As a result, it comes as… Please follow and like us:

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Google Offers to Display Rival Sites Via Auction – Sources

Alphabet unit Google has offered to display rival comparison shopping sites via an auction as part of an EU compliance order following a landmark fine for favoring its own service, four people familiar with the matter said on Monday. The proposal, submitted to the European Commission on August 29 following a record 2.4-billion-euro ($2.87 billion) penalty,… Please follow and like us:

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If Google invests in Lyft, what does that mean for Uber?

SAN FRANCISCO — Uber was the indisputable No. 1 player in the domestic on-demand transportation industry. And by its workforce size, passenger count and capital raised, it still is. But reports on Thursday from Bloomberg and Axios that Google’s parent company, Alphabet, is mulling a $1 billion investment in Uber’s archrival, Lyft, suggest that Uber’s ongoing… Please follow and like us:

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AI Stocks As A Theme: More Than Alphabet, Amazon And Facebook

Artificial intelligence has been a hot topic lately, as we’re now in a time when most consumers with a mobile phone have access to an AI assistant. Big data is also looming large as tech companies squeeze demographics, contact information and much more out of consumers. Essentially, if you do almost anything online, you’re creating data… Please follow and like us:

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Profits in Carlyle Group, gambles on Home Depot, Valero

WASHINGTON, July 24, 2017 – As we noted in our companion column, aside from roller-coaster earnings news that took Alphabet (Google, symbol: GOOGL) up and then way down after the Monday closing bell, markets were mixed Monday, after an uncertain options-expiration Friday gave us a similar market move. The daily antics of market averages, sectors and… Please follow and like us:

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Google fined record $2.7 billion in European antitrust case

The European Commission has hit Google with a record $2.7 billion fine after concluding that the search giant unfairly favored its comparison-shopping service over others. “(Google) denied other companies the chance to compete on the merits and to innovate,” said Margrethe Vestager, the EU commissioner in charge of competition policy, in a news release Tuesday. “And… Please follow and like us:

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Tech Bubble Not Bursting (Yet)

If the most enduring cliché about Silicon Valley is that of the 20-something impresario who claims his Uber-for-dry-cleaning app is making the world a better place, then a close second is that of the whole industry as a giant bubble about to burst. That bubble, in the popular imagination, is inflated by investors on Wall Street… Please follow and like us:

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Stock market action dull on Thursday, but Friday could pop

WASHINGTON, April 26, 2017 – Fairly short report today as stock market averages essentially flatlined on Thursday, perhaps still digesting President Trump’s tax outline presentation from Wednesday; the possibility of another stab a Obamacare repeal, replace, or something else; and the big earnings and sales increases for the ever-more monster-sized Amazon (symbol: AMZN) and that other… Please follow and like us:

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