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ByteDance, the parent company of TikTok, collaborating with Broadcom and TSMC to develop AI chip

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ByteDance, the parent company of TikTok, collaborating with Broadcom and TSMC to develop AI chip

TikTok’s parent company, ByteDance, is collaborating with US company Broadcom to develop an advanced 5-nanometer AI chip, according to Reuters. The chip is expected to be manufactured by Taiwan Semiconductor Manufacturing Corporation (TSMC), known for producing chips for popular tech companies like Apple and Nvidia. Despite US chip export restrictions, this collaboration is not expected … Read more

Parent company of TikTok partners with Broadcom to create AI chip – Israel Hayom

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The parent company of the popular social media platform TikTok has recently announced a collaboration with Broadcom to develop a new AI chip. This partnership comes as part of TikTok’s efforts to enhance its technological capabilities and further establish itself as a leader in the social media industry. The new chip is expected to provide … Read more

Amazon and Google parent Alphabet both reach $2 trillion market cap

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Amazon and Google parent Alphabet both reach trillion market cap

Shares of Amazon rose 4% to nearly $194 on Wednesday, surpassing a market cap of $2 trillion for the first time. Bank of America reiterated a buy rating on Amazon stock and projected that the retailer will deliver more than 9 billion packages globally in 2024, potentially surpassing UPS as the largest shipper in the … Read more

Protestors Disrupt Amazon Cloud Conference, Urge End of $1.2B Contract with Israel for AWS and Google’s Parent Company Alphabet

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Protestors Disrupt Amazon Cloud Conference, Urge End of .2B Contract with Israel for AWS and Google’s Parent Company Alphabet

Protesters disrupted an Amazon.com Inc. conference demanding the termination of a $1.2 billion contract with the Israeli government, which is shared with Alphabet Inc. subsidiary Google. The protest occurred during a conference organized by Amazon’s cloud division, Amazon Web Services, in Washington. Protesters accused Amazon of complicity in the Israeli government’s actions in Gaza, where … Read more

TikTok Parent Company ByteDance Partners with Broadcom to Create AI Chip Despite US-China Strain: Report – Broadcom (NASDAQ:AVGO), Marvell Tech (NASDAQ:MRVL)

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TikTok Parent Company ByteDance Partners with Broadcom to Create AI Chip Despite US-China Strain: Report – Broadcom (NASDAQ:AVGO), Marvell Tech (NASDAQ:MRVL)

ByteDance, the parent company of TikTok, is reportedly collaborating with American chip designer Broadcom to develop a custom 5-nanometer application-specific integrated chip (ASIC) to ensure a stable supply of high-end chips amidst tensions between the United States and China. This collaboration, aimed at complying with US export restrictions, would see the manufacturing of the chip … Read more

Parent company of Citrix considers selling ShareFile as part of streamlining strategy

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Parent company of Citrix considers selling ShareFile as part of streamlining strategy

Cloud Software Group, the parent company of Citrix Systems, is reportedly considering selling its ShareFile content-sharing platform. The move is seen as part of a broader strategy to streamline operations under private equity ownership. ShareFile, valued at approximately $1.5 billion, provides document sharing and collaboration software that integrates with Microsoft Outlook. Potential buyers are being … Read more

Alphabet, Google’s Parent Company, Poised to Reach $3 Trillion Market Value – Barron’s

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Alphabet Inc., the parent company of Google, has shown incredible growth potential that could see it reach a valuation of $3 trillion in the near future. With a diverse range of businesses under its umbrella, including Google Search, YouTube, and Waymo, Alphabet has a unique advantage in various industries such as technology, advertising, and autonomous … Read more

Two Growth Stocks Recently Added to Google’s Parent Company’s $7 Billion Portfolio

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Two Growth Stocks Recently Added to Google’s Parent Company’s Billion Portfolio

Alphabet, the parent company of Google, has a segment called Other Bets which includes a $7 billion investment fund known as CapitalG. This fund focuses on providing cash injections and expertise to companies in the growth phase, with 16 of its investments leading to IPOs. Additionally, Alphabet has investments in 43 publicly traded companies, worth … Read more

Alphabet, Google’s Parent Company, Divesting Shares in 2 Fast-Growing Stocks and Investing in a Promising Artificial Intelligence (AI) Firm

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Alphabet, Google’s Parent Company, Divesting Shares in 2 Fast-Growing Stocks and Investing in a Promising Artificial Intelligence (AI) Firm

Alphabet, a major investment company overseeing more than $2.5 billion in assets, made significant changes to its portfolio in the March quarter. They reduced their stake in cybersecurity specialist CrowdStrike Holdings by a third and halved their position in medical device company DexCom. Additionally, Alphabet nearly quadrupled its stake in DevSecOps software developer GitLab, making … Read more

Alphabet, Google’s parent company, made more than Rs 2.5 lakh per second in the first quarter.

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Alphabet, Google’s parent company, made more than Rs 2.5 lakh per second in the first quarter.

Google’s parent company, Alphabet, has seen a significant turnaround in its financial performance after a drop in net profit in 2022. In the first quarter of this year, Alphabet earned $3,042 per second, showing a 43 percent increase compared to the previous year. The company’s net income has surged by 615 percent in the past … Read more