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Tag: Alphabet

  • FTC chair warns Google about Gmail’s ‘partisan’ spam filters | TechCrunch

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    Andrew Ferguson, the Trump-appointed chair of the Federal Trade Commission, recently expressed concern that “Alphabet’s administration of Gmail is designed to have partisan effects.”

    In a letter addressed to Alphabet CEO Sundar Pichai, Ferguson pointed to a recent story in the New York Post describing complaints by Targeted Victory (a consulting and PR firm that’s worked with the Republican National Committee and Elon Musk’s X) claiming that Gmail flags emails linking to the Republican fundraising platform WinRed as spam, without doing the same to emails linking to the Democratic platform ActBlue.

    “My understanding from recent reporting is that Gmail’s spam filters routinely block messages from reaching consumers when those messages come from Republican senders but fail to block similar messages sent by Democrats,” Ferguson wrote.

    He warned Alphabet that if Gmail’s filters “keep Americans from receiving speech they expect, or donating as they see fit, the filters may harm American consumers and may violate the FTC Act’s prohibition of unfair or deceptive trade practices,” adding this could lead to “an FTC investigation and potential enforcement action.”

    In response, a Google spokesperson told Axios that Gmail’s spam filters “look at a variety of objective signals – like whether people mark a particular email as spam, or if a particular ad agency is sending a high volume of emails that are often marked by people as spam,” and they said the company applies this approach “equally to all senders, regardless of political ideology.”

    The spokesperson also said, “We will review this letter and look forward to engaging constructively.”

    Conservatives frequently complain that they are being censored or otherwise treated unfairly by digital platforms, including Gmail. In 2023, the Federal Election Commission dismissed a complaint from Republicans over Gmail’s spam filters, and a federal court also dismissed an RNC lawsuit with similar complaints. (The RNC seems to be reviving that lawsuit.)

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    Earlier this month, a federal judge blocked the FTC’s investigation into the left-leaning group Media Matters over its research into antisemitic content on X, describing the investigation as “a retaliatory act.”

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  • As AI becomes part of everyday life, it brings a hidden climate cost

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    Marissa Loewen first started using artificial intelligence in 2014 as a project management tool. She has autism and ADHD and said it helped immensely with organizing her thoughts.

    “We try to use it conscientiously though because we do realize that there is an impact on the environment,” she said.

    Her personal AI use isn’t unique anymore. Now it’s a feature in smartphones, search engines, word processors and email services. Every time someone uses AI, it uses energy that is often generated by fossil fuels. That releases greenhouse gases into the atmosphere and contributes to climate change.

    And it’s getting harder to live without it.

    The climate cost

    AI is largely powered by data centers that field queries, store data and deploy information. As AI becomes ubiquitous, the power demand for data centers increases, leading to grid reliability problems for people living nearby.

    “Since we are trying to build data centers at a pace where we cannot integrate more renewable energy resources into the grid, most of the new data centers are being powered by fossil fuels,” said Noman Bashir, computing and climate impact fellow with MIT’s Climate and Sustainability Consortium.

    The data centers also generate heat, so they rely on fresh water to stay cool. Larger centers can consume up to 5 million gallons (18.9 million liters) a day, according to an article from the Environmental and Energy Study Institute. That’s roughly the same as the daily water demand for a town of up to 50,000 people.

    It’s difficult to imagine, because for most users the impact isn’t visible, said AI and Climate Lead Sasha Luccioni with the AI company, Hugging Face.

    “In one of my studies, we found that generating a high-definition image uses as much energy as charging half of your phone. And people were like, ‘That can’t be right, because when I use Midjourney (a generative AI program), my phone battery doesn’t go down,’” she said.

    Jon Ippolito, professor of new media at the University of Maine, said tech companies are constantly working to make chips and data centers more efficient, but that does not mean AI’s environmental impact will shrink. That’s because of a problem called the Jevons Paradox.

    “The cheaper resources get, the more we tend to use them anyway,” he said. When cars replaced horses, he said, commute times didn’t shrink. We just traveled farther.

    Quantifying AI’s footprint

    How much those programs contribute to global warming depends on a lot of factors, including how warm it is outside the data center that’s processing the query, how clean the grid is and how complex the AI task is.

    Information sources on AI’s contributions to climate change are incomplete and contradictory, so getting exact numbers is difficult.

    But Ippolito tried anyway.

    He built an app that compares the environmental footprint of different digital tasks based on the limited data he could find. It estimates that a simple AI prompt, such as, “Tell me the capital of France,” uses 23 times more energy than the same question typed into Google without its AI Overview feature.

    “Instead of working with existing materials, it’s writing them from scratch. And that takes a lot more compute,” Luccioni said.

    And that’s just for a simple prompt. A complex prompt, such as, “Tell me the number of gummy bears that could fit in the Pacific Ocean,” uses 210 times more energy than the AI-free Google search. A 3-second video, according to Ippolito’s app, uses 15,000 times as much energy. It’s equivalent to turning on an incandescent lightbulb and leaving it on for more than a year.

    It’s got a big impact, but it doesn’t mean our tech footprints were carbon-free before AI entered the scene.

    Watching an hour of Netflix, for example, uses more energy than a complex AI text prompt. An hour on Zoom with 10 people uses 10 times that much.

    “It’s not just about making people conscious of AI’s impact, but also all of these digital activities we take for granted,” he said.

    Limit tech, limit tech’s climate impact

    Ippolito said he limits his use of AI when he can. He suggests using human-captured images instead of AI-generated ones. He tells the AI to stop generating as soon as he has the answer to avoid wasting extra energy. He requests concise answers and he begins Google searches by typing “-ai” so it doesn’t provide an AI overview for queries where he doesn’t need it.

    Loewen has adopted the same approach. She said she tries to organize her thoughts into one AI query instead of asking it a series of iterative questions. She also built her own AI that doesn’t rely on large data centers, which saves energy in the same way watching a movie you own on a DVD is far less taxing than streaming one.

    “Having something local on your computer in your home allows you to also control your use of the electricity and consumption. It allows you to control your data a little bit more,” she said.

    Luccioni uses Ecosia, which is a search engine that uses efficient algorithms and uses profits to plant trees to minimize the impact of each search. Its AI function can also be turned off.

    ChatGPT also has a temporary chat function so the queries you send to the data center get deleted after a few weeks instead of taking up data center storage space.

    But AI is only taking up a fraction of the data center’s energy use. Ippolito estimates roughly 85% is data collection from sites like TikTok and Instagram, and cryptocurrency.

    His answer there: make use of screen time restrictions on your phone to limit time scrolling on social media. Less time means less personal data collected, less energy and water used, and fewer carbon emissions entering the atmosphere.

    “If you can do anything that cuts a data center out of the equation, I think that’s a win,” Ippolito said.

    ___

    The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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  • Google’s Pixel 10 phones raises the ante on artificial intelligence

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    Google on Wednesday unveiled a new line-up of Pixel smartphones injected with another dose of artificial intelligence that’s designed to do everything from fetch vital information stored on the devices to help improve photos as they’re being taken.

    The AI expansion on the four Pixel 10 models amplifies Google’s efforts to broaden the use of a technology that is already starting to reshape society. At the same time, Google is taking a swipe at Apple’s Achilles’ heel on the iPhone.

    Apple so far has only been able to introduce a few basic AI features on the iPhone while failing to deliver on last year’s promise to deliver a more conversational and versatile version of its often-blundering virtual assistant Siri.

    Without mentioning the iPhone by name, Google has already been mocking Apple’s missteps in online ads promoting the four new Pixel models as smartphones loaded with AI technology that consumers won’t have to wait for more than a year to arrive.

    “There has been a lot of hype about this and, frankly, a lot of broken promises, too,” Google executive Rick Osterloh said during a 75-minute presentation in New York about the new Pixel phones. The event was emceed by late-night TV show host Jimmy Fallon.

    Google, in contrast, has been steadily increasing the amount of AI that it began to implant on its Pixels since 2023, with this year’s models taking it to another level.

    “We think this yeasr we have a game-changing phone with game-changing technology,” Osterloh said.

    Taking advantage of a more advanced processor, Google is introducing a new AI feature on the Pixel 10 phones called “Magic Cue” that’s designed to serve as a digital mind reader that automatically fetches information stored on the devices and displays the data at the time it’s needed. For instance, if a Pixel 10 user is calling up an airline, Magic Cue is supposed to instantaneously recognize the phone number and display the flight information if it’s in Gmail or a Google Calendar.

    The Pixel 10 phones will also come with a preview feature of a new AI tool called “Camera Coach” that will automatically suggest the best framing and lighting angle as the lens is being aimed at a subject. Camera Coach will also recommend the best lens mode to use for an optimal picture.

    The premium models — Pixel 10 Pro and Pixel 10 Pro XL — will also include a “Super Res” option that deploys a grab bag of software and AI tricks to zoom up to 100 times the resolution to capture the details of objects located miles away from the camera. The AI wizardry could happen without users even realizing it’s happening, making it even more difficult to know whether an image captured in a photo reflects how things really looked at the time a picture was taken or was modified by technology.

    The Pixel 10 will also be able to almost instantaneously translate phone conversations into a range of different languages using the participants own voices.

    Google is also offering a free one-year subscription to its AI Pro plan to anyone who buys the more expensive Pixel 10 Pro or Pixel 10 Pro XL models in hopes of hooking more people on the Gemini toolkit it has assembled to compete against OpenAI’s ChatGPT.

    The prices on all four Pixel 10 models will remain unchanged from last year’s Pixel 9 generation, with the basic starting at $800 and the Pro selling for $1,000, the Pro XL at $1,200 and a foldable version at $1,800. All the Pixel 10s expect the foldable model will be in stores on August 28. The Pixel 10 Pro Fold will be available starting October 9.

    Although the Pixel smartphone remains a Lilliputian next to the Gulliverian stature of the iPhone and Samsung’s Galaxy models, Google’s ongoing advances in AI while holding the line on its marquee devices raise the competitive stakes.

    “In the age of AI, it is a true laboratory of innovation,” Forrester Research analyst Thomas Husson said of the Pixel.

    Apple, in particular, will be facing more pressure than usual when it introduces the next-generation iPhone next month. Although the company has already said the smarter Siri won’t be ready until next year at the earliest, Apple will still be expected to show some progress in AI to demonstrate the iPhone is adapting to technology’s AI evolution rather than tilting toward gradual obsolescence. Clinging to a once-successful formula eventually sank the BlackBerry and its physical keyboard when the iPhone and its touch screen came along nearly 20 years ago.

    Apple’s pricing of the next iPhone will also be under the spotlight, given that the devices are made in China and India — two of the prime targets in President Donald Trump’s trade war.

    But Apple appeared to gain a reprieve from Trump’s most onerous threats earlier this month by adding another $100 billion on top of an earlier $500 billion investment pledge to the U.S. The tariff relief may enable Apple to minimize or even avoid price increases for the iPhone, just as Google has done with the Pixel 10 models.

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  • YouTube to begin testing a new AI-powered age verification system in the U.S.

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    YouTube on Wednesday will begin testing a new age-verification system in the U.S. that relies on artificial intelligence to differentiate between adults and minors, based on the kinds of videos that they have been watching.

    The tests initially will only affect a sliver of YouTube’s audience in the U.S., but it will likely become more pervasive if the system works as well at guessing viewers’ ages as it does in other parts of the world. The system will only work when viewers are logged into their accounts, and it will make its age assessments regardless of the birth date a user might have entered upon signing up.

    If the system flags a logged-in viewer as being under 18, YouTube will impose the normal controls and restrictions that the site already uses as a way to prevent minors from watching videos and engaging in other behavior deemed inappropriate for that age.

    The safeguards include reminders to take a break from the screen, privacy warnings and restrictions on video recommendations. YouTube, which has been owned by Google for nearly 20 years, also doesn’t show ads tailored to individual tastes if a viewer is under 18.

    If the system has inaccurately called out a viewer as a minor, the mistake can be corrected by showing YouTube a government-issued identification card, a credit card or a selfie.

    “YouTube was one of the first platforms to offer experiences designed specifically for young people, and we’re proud to again be at the forefront of introducing technology that allows us to deliver safety protections while preserving teen privacy,” James Beser, the video service’s director of product management, wrote in a blog post about the age-verification system.

    People still will be able to watch YouTube videos without logging into an account, but viewing that way triggers an automatic block on some content without proof of age.

    The political pressure has been building on websites to do a better job of verifying ages to shield children from inappropriate content since late June when the U.S. Supreme Court upheld a Texas law aimed at preventing minors from watching pornography online.

    While some services, such as YouTube, have been stepping up their efforts to verify users’ ages, others have contended that the responsibility should primarily fall upon the two main smartphone app stores run by Apple and Google — a position that those two technology powerhouses have resisted.

    Some digital rights groups, such as the Electronic Frontier Foundation and the Center for Democracy & Technology, have raised concerns that age verification could infringe on personal privacy and violate First Amendment protections on free speech.

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  • Epic Games wins partial victory in Australian court against Google and Apple

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    MELBOURNE, Australia (AP) — Epic Games, the company behind the popular online game Fortnite, on Tuesday won a partial victory in an Australian court. The case was brought by U.S. billionaire chief executive Tim Sweeney, who claimed that Google and Apple engaged in anti-competitive conduct in running their app stores.

    Federal Court Justice Jonathan Beach upheld key parts of Epic’s claim that the tech giants breached Australian competition laws by misusing their market power against app developers and using restrictive trade practices.

    Google and Apple ’s dominance of the app market had the effect of substantially lessening competition and breached Australian law, Beach found.

    But the judge rejected some of Epic’s claim including that Google and Apple engaged in unconscionable conduct as defined by Australian law.

    Sweeney is also challenging Google and Apple’s dominance in the app markets through the courts in the United States and Britain.

    The litigation began in August 2020 when Apple’s App Store and Google’s Play Store expelled Fortnite because Epic installed a direct payment feature in the extraordinarily popular game.

    The court ruled both companies pressured app developers including Epic through contracts and technology to sell their products through the two dominant app stores.

    Epic said that the ruling will allow its Epic Games Store and Fortnite to come to Apple’s operating system iOS in Australia.

    “An Australian court just found that Apple and Google abuse their control over app distribution and in-app payments to limit competition,” Epic said in a statement.

    “There are 2,000+ pages of findings that we’ll need to dig into to fully understand the details,” the statement added. “This is a WIN for developers and consumers in Australia!”

    Apple said the company “faces fierce competition in every market where we operate.”

    “We welcome the Australian court’s rejection of some of Epic’s claims, however, we strongly disagree with the Court’s ruling on others,” Apple said in a statement.

    Google said it would review the judgment. Google and Apple could potentially appeal the ruling before the Federal Court full bench.

    “We disagree with the court’s characterisation of our billing policies and practices, as well as its findings regarding some of our historical partnerships, which were all shaped in a fiercely competitive mobile landscape on behalf of users and developers,” a Google statement said.

    Beach has yet to release a 952-page judgment on Epic’s case against Apple or his 914-page judgment on the case against Google.

    The judge gave an oral summary of his findings during a 90-minute hearing Tuesday.

    Lawyers will return to court on a date yet to be set to argue what Epic is entitled to in terms of damages.

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  • Delivery drones may soon take off in the US. Here’s why

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    Delivery drones are so fast they can zip a pint of ice cream to a customer’s driveway before it melts.

    Yet the long-promised technology has been slow to take off in the United States. More than six years after the Federal Aviation Administration approved commercial home deliveries with drones, the service mostly has been confined to a few suburbs and rural areas.

    That could soon change. The FAA proposed a new rule last week that would make it easier for companies to fly drones outside of an operator’s line of sight and therefore over longer distances. A handful of companies do that now, but they had to obtain waivers and certification as an air carrier to deliver packages.

    While the rule is intended to streamline the process, authorized retailers and drone companies that have tested fulfilling orders from the sky say they plan to make drone-based deliveries available to millions more U.S. households.

    Walmart’s multistate expansion

    Walmart and Wing, a drone company owned by Google parent Alphabet, currently provide deliveries from 18 Walmart stores in the Dallas area. By next summer, they expect to expand to 100 Walmart stores in Atlanta; Charlotte, North Carolina; Houston; and Orlando and Tampa, Florida.

    After launching its Prime Air delivery service in College Station, Texas, in late 2022, Amazon received FAA permission last year to operate autonomous drones that fly beyond a pilot’s line of sight. The e-commerce company has since expand its drone delivery program to suburban Phoenix and has plans to offer the service in Dallas, San Antonio, Texas, and Kansas City.

    The concept of drone delivery has been around for well over a decade. Drone maker Zipline, which works with Walmart in Arkansas and the Dallas-Fort Worth area, began making deliveries to hospitals in Rwanda in 2016. Israel-based Flytrex, one of the drone companies DoorDash works with to carry out orders, launched drone delivery to households in Iceland in 2017.

    But Wing CEO Adam Woodworth said drone delivery has been in “treading water mode” in the U.S. for years, with service providers afraid to scale up because the regulatory framework wasn’t in place.

    “You want to be at the right moment where there’s an overlap between the customer demand, the partner demand, the technical readiness and the regulatory readiness,” Woodworth said. “I think that we’re reaching that planetary alignment right now.”

    Flying ice cream and eggs

    DoorDash, which works with both Wing and Flytrex, tested drone drop-offs in rural Virginia and greater Dallas before announcing an expansion into Charlotte. Getting takeout food this way may sound futuristic, but it’s starting to feel normal in suburban Brisbane, Australia, where DoorDash has employed delivery drones for several years, said Harrison Shih, who leads the company’s drone program.

    “It comes so fast and it’s something flying into your neighborhood, but it really does seem like part of everyday life,” Shih said.

    Even though delivery drones are still considered novel, the cargo they carry can be pretty mundane. Walmart said the top items from the more than 150,000 drone deliveries the nation’s largest retailer has completed since 2021 include ice cream, eggs and Reese’s Peanut Butter Cups.

    Unlike traditional delivery, where one driver may have a truck full of packages, drones generally deliver one small order at a time. Wing’s drones can carry packages weighing up to 2.5 pounds. They can travel up to 12 miles round trip. One pilot can oversee up to 32 drones.

    Zipline has a drone that can carry up to 4 pounds and fly 120 miles round trip. Some drones, like Amazon’s, can carry heavier packages.

    Once an order is placed, it’s packaged for flight and attached to a drone at a launch site. The drone automatically finds a route that avoids obstacles. A pilot observes as the aircraft flies to its destinations and lowers its cargo to the ground with retractable cords.

    Risks and rewards of commercial drones

    Shakiba Enayati, an assistant professor of supply chain and analytics at the University of Missouri, St. Louis, researches ways that drones could speed the delivery of critical health supplies like donated organs and blood samples. The unmanned aircraft offer some advantages as a transport method, such as reduced emissions and improved access to goods for rural residents, Enayati said.

    But she also sees plenty of obstacles. Right now, it costs around $13.50 per delivery to carry a package by drone versus $2 for a traditional vehicle, Enayati said. Drones need well-trained employees to oversee them and can have a hard time in certain weather.

    Drones also can have mid-air collisions or tumble from the sky. But people have accepted the risk of road accidents because they know the advantages of driving, Enayati said. She thinks the same thing could happen with drones, especially as improved technology reduces the chance for errors.

    Woodworth added that U.S. airspace is tightly controlled, and companies need to demonstrate to the FAA that their drones are safe and reliable before they are cleared to fly. Even under the proposed new rules, the FAA would set detailed requirements for drone operators.

    “That’s why it takes so long to build a business in the space. But I think it leads to everybody fundamentally building higher quality things,” Woodworth said.

    Others worry that drones may potentially replace human delivery drivers. Shih thinks that’s unlikely. One of DoorDash’s most popular items is 24-packs of water, Shih said, which aren’t realistic for existing drones to ferry.

    “I believe that drone delivery can be fairly ubiquitous and can cover a lot of things. We just don’t think its probable today that it’ll carry a 40-pound bag of dog food to you,” Shih said.

    The view from the ground in Texas

    DoorDash said that in the areas where it offers drone deliveries, orders requiring the services of human delivery drivers also increase.

    That’s been the experience of John Kim, the owner of PurePoke restaurant in Frisco, Texas. Kim signed on to offer drone deliveries through DoorDash last year. He doesn’t know what percentage of his DoorDash customers are choosing the service instead of regular delivery, but his overall DoorDash orders are up 15% this year.

    Kim said he’s heard no complaints from drone delivery customers.

    “It’s very stable, maybe even better than some of the drivers that toss it in the back with all the other orders,” Kim said.

    For some, drones can simply be a nuisance. When the FAA asked for public comments on Amazon’s request to expand deliveries in College Station, numerous residents expressed concern that drones with cameras violated their privacy. Amazon says its drones use cameras and sensors to navigate and avoid obstacles but may record overhead videos of people while completing a delivery.

    Other residents complained about noise.

    “It sounds like a giant nagging mosquito,” one respondent wrote. Amazon has since released a quieter drone.

    But others love the service. Janet Toth of Frisco, Texas, said she saw drone deliveries in Korea years ago and wondered why the U.S. didn’t have them. So she was thrilled when DoorDash began providing drone delivery in her neighborhood.

    Toth now orders drone delivery a few times a month. Her 9-year-old daughter Julep said friends often come over to watch the drone.

    “I love to go outside, wave at the drone, say ‘Thank you’ and get the food,” Julep Toth said.

    ___

    AP Video Journalist Kendria LaFleur contributed from Frisco, Texas.

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  • One Tech Tip: Get the most out of ChatGPT and other AI chatbots with better prompts

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    LONDON (AP) — If you’re using ChatGPT but getting mediocre results, don’t blame the chatbot. Instead, try sharpening up your prompts.

    Generative AI chatbots such as OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude have become hugely popular and embedded into daily life for many users. They’re powerful tools that can help us with so many different tasks.

    What you shouldn’t overlook, however, is that a chatbot’s output depends on what you tell it to do, and how. There’s a lot you can do to improve the prompt — also known as the request or query — that you type in.

    Here are some tips for general users on how to get higher quality chatbot replies, based on tips from the AI model makers:

    Be more specific in your prompt

    ChatGPT can’t read your mind. You need to give it clear and explicit instructions on what you need it to do.

    Unlike a standard Google search, you can’t just ask for an answer based on some keywords. And you’ll need to do more than just tell it to, say, “design a logo” because you’ll end up with a generic design. Flesh it out with details on the company that the logo is for, the industry it will be used in and the design style you’re going for.

    “Ensure your prompts are clear, specific, and provide enough context for the model to understand what you are asking,” ChatGPT maker OpenAI advises on its help page. “Avoid ambiguity and be as precise as possible to get accurate and relevant responses.”

    Refine and rewrite your request

    Think of using a chatbot like holding a conversation with a friend. You probably wouldn’t end your chat after the first answer. Ask follow-up questions or refine your original prompt.

    OpenAI’s advice: “Adjust the wording, add more context, or simplify the request as needed to improve the results.”

    You might have to have an extended back-and-forth that elicits better output. Google advises that you’ll need to try a “few different approaches” if you don’t get what you’re looking for the first time.

    “Fine-tune your prompts if the results don’t meet your expectations or if you believe there’s room for improvement,” Google recommends in its prompting guide for Gemini. “Use follow-up prompts and an iterative process of review and refinement to yield better results.”

    Consider the persona and audience

    When making your request, you can also ask an AI large language model to respond in a specific voice or style.

    “Words like formal, informal, friendly, professional, humorous, or serious can help guide the model,” OpenAI writes.

    You also tell the chatbot the type of person the response is aimed at.

    These parameters will help determine the chatbot’s overall approach to its answer, as well as the tone, vocabulary and level of detail.

    For example, you could ask ChatGPT to describe quantum physics in the style of a distinguished professor talking to a class of graduate students. Or you could ask it to explain the same topic in the voice of a teacher talking to a group of schoolchildren.

    However, there’s plenty of debate among AI experts about these methods. On one hand, they can make answers more precise and less generic. But an output that adopts an overly empathetic or authoritative tone raises concerns about the text sounding too manipulative.

    Add more context and examples

    Give the chatbot all the background behind the reason for your request.

    Don’t just ask: “Help me plan a weeklong trip to London.”

    ChatGPT will respond with a generic list of London’s greatest hits: historic sites on one day, museums and famous parks on another, trendy neighborhoods and optional excursions to Windsor Castle. It’s nothing you couldn’t get from a guidebook or travel website, but just a little better organized.

    But if, say, you’re a theatre-loving family, try this: “Help me plan a weeklong trip to London in July, for a family of four. We don’t want too many historic sites, but want to see a lot of West End theatre shows. We don’t drink alcohol so we can skip pubs. Can you recommend mid-range budget hotels where we can stay and cheap places to eat for dinner?”

    This prompt returns a more tailored and detailed answer: a list of four possible hotels within walking distance of the theater district, a seven-day itinerary with cheap or low-cost ideas for things to do during the day, suggested shows each evening, and places for an affordable family dinner.

    Put limits around your request

    You can tell any of the chatbots just how extensive you want the answer to be. Sometimes, less is more.

    Try nudging the model to provide clear and succinct responses by imposing a limit. For example, tell the chatbot to reply with only 300 words, or to come up with five bullet points.

    Want to know all that there is to know about quantum physics? ChatGPT will provide a high-level “grand tour” of the topic that includes terms like wavefunctions and qubits. But ask for a 150-word explanation and you’ll get an easily digestible summary about how it’s the science of the tiniest particles that also underpins a lot of modern technology like lasers and smartphones.

    ___

    Is there a tech topic that you think needs explaining? Write to us at [email protected] with your suggestions for future editions of One Tech Tip.

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  • Elon Musk unveils Tesla’s ‘Cybercab,’ plans to bring autonomous driving tech to other models in 2025

    Elon Musk unveils Tesla’s ‘Cybercab,’ plans to bring autonomous driving tech to other models in 2025

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    LOS ANGELES (AP) — Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available.

    CEO Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of the company’s “Cybercabs,” telling the crowd that the sleek, AI-powered vehicles don’t have steering wheels or pedals. He also expressed confidence in the progress the company has made on autonomous driving technology that makes it possible for vehicles to drive without human intervention.

    Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

    “We’ll move from supervised Full Self-Driving to unsupervised Full Self-Driving. where you can fall asleep and wake up at your destination,” he said. “It’s going to be a glorious future.”

    Tesla expects the Cybercabs to cost under $30,000, Musk said. He estimated that the vehicles would become available in 2026, then added “before 2027.”

    The company also expects to make the Full Self-Driving technology available on its popular Model 3 and Model Y vehicles in Texas and California next year.

    “If they’re going to eventually get to robotaxis, they first need to have success with the unsupervised FSD at the current lineup,” said Seth Goldstein, equity strategist at Morningstar Research. “Tonight’s event showed that they’re ready to take that step forward.”

    When Tesla will actually take that step, however, has led to more than a little anxiety for investors who see other automakers deploying similar technology right now. Shares of Tesla Inc. tumbled 9% at the opening bell Friday.

    Waymo, the autonomous vehicle unit of Alphabet Inc., is carrying passengers in vehicles without human safety drivers in Phoenix and other areas. General Motors’ Cruise self-driving unit had been running robotaxis in San Francisco until a crash last year involving one of its vehicles.

    Also, Aurora Innovation said it will start hauling freight in fully autonomous semis on Texas freeways by year’s end. Another autonomous semi company, Gatik, plans to haul freight autonomously by the end of 2025.

    “Tesla yet again claimed it is a year or two away from actual automated driving — just as the company has been claiming for a decade. Indeed, Tesla’s whole event had a 2014 vibe, except that in 2014 there were no automated vehicles actually deployed on public roads,” Bryant Walker Smith, a University of South Carolina law professor who studies automated vehicles, told The Associated Press in an email. “Now there are real AVs carrying real people on real roads, but none of those vehicles are Teslas. Tonight did not change this reality; it only made the irony more glaring.”

    Tesla had 20 or so Cybercabs on hand and offered event attendees the opportunity to take rides inside the movie studio lot — not on Los Angeles’ roads.

    At the presentation, which was dubbed “We, Robot” and was streamed live on Tesla’s website and X, Musk also revealed a sleek minibus-looking vehicle that, like the Cybercab, would be self-driving and can carry up to 20 passengers.

    The company also trotted out several of its black and white Optimus humanoid robots, which walked a few feet from the attendees before showing off dance moves in a futuristic-looking gazebo.

    Musk estimated that the robots would cost between $28,000-$30,000 and would be able to babysit, mow lawns, fetch groceries, among other tasks.

    “Whatever you can think of, it will do,” he said.

    The unveiling of the Cybercab comes as Musk tries to persuade investors that his company is more about artificial intelligence and robotics as it labors to sell its core products, an aging lineup of electric vehicles.

    Tesla’s model lineup is struggling and isn’t likely to be refreshed until late next year at the earliest, TD Cowen analyst Jeff Osborne wrote in a research note last week.

    Osborne also noted that, in TD Cowen’s view, the “politicization of Elon” is tarnishing the Tesla brand among Democrat buyers in the U.S.

    Musk has endorsed Republican presidential candidate Donald Trump and has pushed many conservative causes. Last weekend he joined Trump at a Pennsylvania rally.

    Musk has been saying for more than five years that a fleet of robotaxis is near, allowing Tesla owners to make money by having their cars carry passengers while they’re not in use by the owners. Musk said that Tesla owners will be able to put their cars into service on a company robotaxi network.

    But he has acknowledged that past predictions for the use of autonomous driving proved too optimistic. In 2019, he promised the fleet of autonomous vehicles by the end of 2020.

    The announcement comes as U.S. safety regulators are investigating Full Self Driving and Autopilot based on evidence that it has a weak system for making sure human drivers pay attention.

    In addition, the U.S. National Highway Traffic Safety Administration forced Tesla to recall Full Self-Driving in February because it allowed speeding and violated other traffic laws, especially near intersections. Tesla was to fix the problems with an online software update.

    Last April in Snohomish County, Washington, near Seattle, a Tesla using Full Self-Driving hit and killed a motorcyclist, authorities said. The Tesla driver told authorities that he was using the system while looking at his phone when the car rear-ended the motorcyclist. The motorcyclist was pronounced dead at the scene, authorities said.

    NHTSA says it’s evaluating information on the fatal crash from Tesla and law enforcement officials.

    The Justice Department also has sought information from Tesla about Full Self-Driving and Autopilot, as well as other items.

    ___

    Krisher reported from Detroit.

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  • The AI Boom Is Raising Hopes of a Nuclear Comeback

    The AI Boom Is Raising Hopes of a Nuclear Comeback

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    For five years, reactor one at Three Mile Island nuclear power station in Pennsylvania has lain dormant. Now, thanks to a deal with Microsoft, the reactor will start running again in 2028—this time to exclusively supply the tech firm with oodles of low-carbon electricity.

    It’s all part of an ongoing flirtation between Big Tech and nuclear power. In March, Amazon Web Services agreed to buy a data center powered by Susquehanna nuclear power station in Pennsylvania. At an event at Carnegie Mellon University on September 18, Alphabet CEO Sundar Pichai mentioned small modular nuclear reactors as one potential source of energy for data centers. The links don’t stop there either: OpenAI CEO Sam Altman chairs the boards of nuclear startups Oklo and Helion Energy.

    The AI boom has left technology companies scrambling for low-carbon sources of energy to power their data centers. The International Energy Agency estimates that electricity demand from AI, data centers, and crypto could more than double by 2026. Even its lowball estimates say that the added demand will be equivalent to all the electricity used in Sweden or—in the high-usage case—Germany.

    This surge in energy demand is music to the ears of the nuclear power industry. Electricity demand in the US has been fairly flat for decades, but the sheer scale and intensity of the AI boom is changing that dynamic. One December 2023 report from a power industry consultancy declared the era of flat power demand over, thanks to growing demand from data centers and industrial facilities. The report forecasts that peak electricity demand in the US will grow by 38 gigawatts by 2028, roughly equivalent to 46 times the output of reactor one at Three Mile Island.

    “[AI] is really taking off, and it’s garnering a lot of attention in the energy industry,” says John Kotek, senior vice president for policy development and public affairs at nuclear industry trade association the Nuclear Energy Institute. Kotek says there’s also a national security angle. “People legitimately see AI as a field of competition between the US and our global competitors.” The US falling behind in the AI race because it doesn’t have enough power “is something that’s really causing people to focus attention,” he says.

    Nuclear power is attractive to tech companies because it provides low-carbon electricity round-the-clock, unlike solar and wind, which run intermittently unless coupled with a form of energy storage. Reactivating reactor one will provide Microsoft with 835 megawatts of low-carbon energy over the 20 years that the deal will run for. Since Microsoft has pledged to be carbon negative by 2030, spiraling electricity demand from AI poses a major threat to the firm’s climate plans unless it can find sources of low-carbon power. In 2023, Microsoft’s emissions increased by 29 percent compared with 2020, primarily driven by the construction of new data centers.

    Three Mile Island nuclear power station has two reactors. The second reactor was infamously the site of a partial meltdown in 1979 and it has remained out of action ever since. But reactor one kept on chugging away without incident until 2019, when it was taken offline for financial reasons—mainly due to competition from gas- and wind-powered electricity. Kotek says there are relatively few idle reactors that could also be brought back online fairly quickly, but that a lot of power plant owners are interested in extending their operating licenses of their existing plants to try and ride the AI power wave.

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  • Google Agrees to Shell Out $250M to Support Journalism—But Not Everyone Is Thrilled

    Google Agrees to Shell Out $250M to Support Journalism—But Not Everyone Is Thrilled

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    The Big Tech company previously objected to similar proposals. JOSH EDELSON/AFP via Getty Images

    Google (GOOGL) has struck a rare partnership with California to support journalism across the state. The first-in-the-nation agreement, announced yesterday (Aug. 21), will see the Big Tech player invest around $170 million over the next five years to strengthen a struggling local media landscape and aid in experimentation with A.I. However, the seemingly well-intentioned deal met controversy from media industry members.

    The deal comes as lawmakers push for Big Tech companies to compensate news organizations. In recent decades, news organizations have suffered from dwindling ad revenue as advertisers and readers transition away from print to social media platforms and search engines. The journalism industry in the U.S. has lost nearly two-thirds of its reporters since 2005, according to a 2023 study from Northwestern University. Each week, two and a half local newspapers closed down, the study found.

    Under the new agreement, a total of $250 million in public and private funding will be funneled into initiatives encouraging the local sustainability of outlets. “This agreement represents a major breakthrough in ensuring the survival of newsrooms and bolstering local journalism across California—leveraging substantial tech industry resources without imposing new taxes on Californians,” said California Governor Gavin Newsom in a statement.

    In addition to continuing to dole out annual grants of $10 million to existing journalism programs it supports, Google will give $55 million over the next five years to a new fund that will be administered by the Graduate School of Journalism at the University of California, Berkeley. Known as the News Transformation Fund, it will distribute funding across California publications and emphasize underrepresented groups and news deserts.

    The search engine giant is also expected to pour $12.5 million each year into a new National A.I. Innovation Accelerator, a program that will be administered with a private nonprofit and provide resources to experiment with A.I. across a variety of industries. Both of the agreement’s initiatives are expected to go live in 2025. “California lawmakers have worked with the tech and news sectors to develop a collaborative framework to accelerate A.I. innovation and support local and national businesses and non-profit organizations,” said Kent Walker, chief legal officer for Google’s parent company Alphabet (GOOGL), in a statement.

    A questionable approach to saving journalism

    Google has previously fought more comprehensive proposals in California urging Big Tech companies to support news outlets. In response to a proposed bill that would have seen Google forced to pay outlets for surfacing their content, the company earlier this year described the solution as the “wrong approach to supporting journalism” and one that would lead to “uncapped financial exposure,” with the company even temporarily removing links to California news outlets from its search engine.

    Not everyone is pleased with the new agreement. The Media Guild of the West, which represents journalists across Southern California, described the partnership as an “undemocratic and secretive deal with one of the businesses destroying our industry” in a statement. In addition to taking issue with Google’s financial commitment, it described the A.I. accelerator project as embracing an initiative “that could very well destroy journalism jobs.”

    The threat of A.I. has been a key worry in recent years for news outlets concerned about its misuse of content and potential to replace jobs. A.I. companies have attempted to dissuade such fears by entering into partnerships with media companies, such as those struck between OpenAI and brands like Vogue, Time Magazine and The Wall Street Journal that see the startup compensate outlets in order to use their content in A.I. tools and to train models. Perplexity AI, an A.I.-powered search engine, also recently launched a revenue-sharing model that will offer publishing partners a portion of ad revenue when their material is used in its A.I. tool’s responses.

    Google Agrees to Shell Out $250M to Support Journalism—But Not Everyone Is Thrilled

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  • Dakota Wealth Management Lowers Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

    Dakota Wealth Management Lowers Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

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    Dakota Wealth Management reduced its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,172 shares of the information services provider’s stock after selling 1,824 shares during the quarter. Alphabet comprises about 0.8% of Dakota Wealth Management’s holdings, making the stock its 20th biggest holding. Dakota Wealth Management’s holdings in Alphabet were worth $33,781,000 at the end of the most recent reporting period.

    A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial River Wealth Management LLC boosted its holdings in shares of Alphabet by 5.3% in the 2nd quarter. Colonial River Wealth Management LLC now owns 2,126 shares of the information services provider’s stock worth $390,000 after purchasing an additional 107 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Alphabet by 1.6% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 151,624 shares of the information services provider’s stock valued at $27,811,000 after buying an additional 2,374 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in Alphabet by 3.6% in the second quarter. China Universal Asset Management Co. Ltd. now owns 20,980 shares of the information services provider’s stock worth $3,848,000 after purchasing an additional 731 shares during the period. Kavar Capital Partners Group LLC increased its position in Alphabet by 4.2% during the 2nd quarter. Kavar Capital Partners Group LLC now owns 6,196 shares of the information services provider’s stock valued at $1,136,000 after buying an additional 250 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Alphabet by 4.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,863,565 shares of the information services provider’s stock worth $341,815,000 after buying an additional 83,482 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

    Insiders Place Their Bets

    In other news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the transaction, the chief accounting officer now directly owns 29,966 shares in the company, valued at approximately $5,209,888.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the transaction, the senior vice president now directly owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,565 shares of company stock worth $27,253,193. 12.99% of the stock is owned by corporate insiders.

    Analyst Ratings Changes

    A number of equities research analysts have weighed in on the stock. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Oppenheimer lifted their target price on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen lifted their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $182.86.

    Check Out Our Latest Report on GOOG

    Alphabet Stock Performance

    Shares of GOOG stock traded down $1.56 on Wednesday, hitting $167.40. The company had a trading volume of 1,173,380 shares, compared to its average volume of 20,267,342. The company has a 50-day moving average price of $177.02 and a 200-day moving average price of $164.32. The firm has a market cap of $2.07 trillion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

    Alphabet (NASDAQ:GOOGGet Free Report) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

    Alphabet Dividend Announcement

    The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s payout ratio is currently 12.27%.

    Alphabet Profile

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

    Further Reading

    Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

    Receive News & Ratings for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Colonial River Wealth Management LLC Grows Stock Position in Alphabet Inc. (NASDAQ:GOOG)

    Colonial River Wealth Management LLC Grows Stock Position in Alphabet Inc. (NASDAQ:GOOG)

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    Colonial River Wealth Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 5.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,126 shares of the information services provider’s stock after acquiring an additional 107 shares during the period. Colonial River Wealth Management LLC’s holdings in Alphabet were worth $390,000 at the end of the most recent quarter.

    Several other hedge funds have also recently modified their holdings of GOOG. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter valued at about $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the 4th quarter worth approximately $32,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $34,000. Richardson Financial Services Inc. acquired a new stake in Alphabet during the 4th quarter valued at approximately $34,000. Finally, Hoese & Co LLP boosted its holdings in shares of Alphabet by 62.5% in the 2nd quarter. Hoese & Co LLP now owns 260 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

    Alphabet Price Performance

    Shares of GOOG stock traded down $1.56 during trading hours on Wednesday, hitting $167.40. 1,173,380 shares of the company’s stock were exchanged, compared to its average volume of 20,267,342. Alphabet Inc. has a fifty-two week low of $121.46 and a fifty-two week high of $193.31. The firm has a market cap of $2.07 trillion, a P/E ratio of 25.91, a P/E/G ratio of 1.28 and a beta of 1.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $177.02 and a two-hundred day moving average of $164.32.

    Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 7.62 EPS for the current year.

    Alphabet Dividend Announcement

    The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s payout ratio is currently 12.27%.

    Analysts Set New Price Targets

    A number of research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Oppenheimer upped their target price on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen lifted their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research report on Friday, June 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $182.86.

    Get Our Latest Analysis on GOOG

    Insider Transactions at Alphabet

    In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the transaction, the chief accounting officer now directly owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the sale, the chief accounting officer now owns 29,966 shares in the company, valued at approximately $5,209,888.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total value of $3,973,050.00. Following the transaction, the chief executive officer now owns 2,235,511 shares in the company, valued at $394,746,532.38. The disclosure for this sale can be found here. Insiders have sold 156,565 shares of company stock valued at $27,253,193 over the last ninety days. Insiders own 12.99% of the company’s stock.

    About Alphabet

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

    Read More

    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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  • Alphabet Inc. (NASDAQ:GOOGL) Position Increased by London & Capital Asset Management Ltd

    Alphabet Inc. (NASDAQ:GOOGL) Position Increased by London & Capital Asset Management Ltd

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    London & Capital Asset Management Ltd increased its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,836 shares of the information services provider’s stock after purchasing an additional 9,392 shares during the period. London & Capital Asset Management Ltd’s holdings in Alphabet were worth $6,616,000 at the end of the most recent reporting period.

    Several other hedge funds have also recently added to or reduced their stakes in GOOGL. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the 4th quarter valued at $30,000. Tributary Capital Management LLC bought a new stake in Alphabet during the 1st quarter valued at $30,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the 4th quarter valued at $38,000. CarsonAllaria Wealth Management Ltd. raised its stake in shares of Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares in the last quarter. Finally, Richardson Capital Management LLC raised its stake in shares of Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after buying an additional 140 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

    Insiders Place Their Bets

    In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the sale, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at $5,209,888.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.86, for a total transaction of $118,572.52. Following the completion of the transaction, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total value of $3,897,450.00. Following the transaction, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at approximately $391,132,665.42. The disclosure for this sale can be found here. Insiders sold 99,126 shares of company stock valued at $17,617,549 over the last quarter. Insiders own 11.55% of the company’s stock.

    Alphabet Price Performance

    GOOGL opened at $171.54 on Thursday. The stock has a market cap of $2.12 trillion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $178.65 and a 200 day moving average price of $161.07.

    Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter last year, the firm earned $1.44 earnings per share. Analysts forecast that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

    Alphabet Dividend Announcement

    The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is currently 12.27%.

    Analyst Upgrades and Downgrades

    A number of analysts have recently commented on the company. Guggenheim boosted their price objective on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Piper Sandler boosted their price objective on Alphabet from $200.00 to $206.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their price objective on Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Sanford C. Bernstein boosted their price objective on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.74.

    Read Our Latest Stock Report on Alphabet

    Alphabet Profile

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

    See Also

    Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

    Receive News & Ratings for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Clearwater Capital Advisors LLC Trims Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

    Clearwater Capital Advisors LLC Trims Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

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    Clearwater Capital Advisors LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,557 shares of the information services provider’s stock after selling 91 shares during the period. Clearwater Capital Advisors LLC’s holdings in Alphabet were worth $386,000 as of its most recent SEC filing.

    Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Joseph P. Lucia & Associates LLC grew its holdings in Alphabet by 1.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider’s stock valued at $1,000,000 after buying an additional 64 shares during the last quarter. M. Kraus & Co grew its holdings in Alphabet by 1.1% during the 1st quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after buying an additional 66 shares during the last quarter. Wynn Capital LLC grew its holdings in Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after buying an additional 67 shares during the last quarter. Aire Advisors LLC grew its holdings in Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after buying an additional 68 shares during the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Alphabet by 2.1% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock worth $511,000 after purchasing an additional 68 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

    Alphabet Stock Up 0.1 %

    Shares of Alphabet stock opened at $181.79 on Wednesday. The firm has a market cap of $2.25 trillion, a P/E ratio of 27.88, a P/E/G ratio of 1.36 and a beta of 1.05. The business has a 50-day moving average price of $179.36 and a 200 day moving average price of $160.01. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

    Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the company earned $1.17 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

    Alphabet Announces Dividend

    The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

    Analyst Upgrades and Downgrades

    A number of research analysts recently weighed in on the company. Susquehanna lifted their target price on Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a report on Monday, April 29th. Evercore ISI lifted their target price on Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. Mizuho reduced their target price on Alphabet from $290.00 to $205.00 in a report on Thursday, July 18th. Oppenheimer boosted their price objective on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Wedbush restated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research note on Monday. Six analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.88.

    Read Our Latest Research Report on Alphabet

    Insider Activity

    In other news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $185.85, for a total transaction of $278,775.00. Following the completion of the transaction, the director now directly owns 30,824 shares of the company’s stock, valued at $5,728,640.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $185.85, for a total value of $278,775.00. Following the transaction, the director now owns 30,824 shares of the company’s stock, valued at $5,728,640.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,488 shares of company stock valued at $21,866,705. 11.55% of the stock is currently owned by insiders.

    Alphabet Company Profile

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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  • TikTok will still be a ‘gatekeeper’ under the Digital Markets Act, EU rules

    TikTok will still be a ‘gatekeeper’ under the Digital Markets Act, EU rules

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    As far as the EU is concerned, TikTok requires strong, ongoing regulations. The EU’s General Court dismissed an action brought by TikTok’s parent company, ByteDance, which argued that the platform shouldn’t be considered a “gatekeeper” under the Digital Markets Act (DMA). The designation came in September 2023, and ByteDance filed to undo it just two months later.

    ByteDance had painted TikTok has an up and comer EU market, citing pushback through the development of Reels and Shorts — the General Court disagrees: “Although in 2018 TikTok was indeed a challenger seeking to contest the position of established operators such as Meta and Alphabet, it had rapidly consolidated its position, and even strengthened that position over the following years, despite the launch of competing services such as Reels and Shorts, to the point of reaching, in a short time, half the size, in terms of number of users within the European Union, of Facebook and of Instagram.”

    ByteDance had argued that TikTok was not dominant in the EU market, citing Instagram’s Reels and YouTube’s Shorts as meaningful competition. The General Court disagreed, writing that “although in 2018 TikTok was indeed a challenger seeking to contest the position of established operators such as Meta and Alphabet, it had rapidly consolidated its position … to the point of reaching, in a short time, half the size … of Facebook and of Instagram.”

    The General Court added that TikTok meets the qualifications set out to be a gatekeeper: a €75 million ($82 million) global market value, over 45 million monthly active end users and over 10,000 yearly active business users across the EU over the last three years.

    The DMA went into effect in March and prohibits gatekeepers — including Alphabet, Meta, Amazon and more — from favoring their own platforms or forcing users to stay inside their company’s ecosystem. ByteDance has just over two months to launch an appeal with the Court of Justice, the EU’s highest court.

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  • V Square Quantitative Management LLC Boosts Position in Alphabet Inc. (NASDAQ:GOOGL)

    V Square Quantitative Management LLC Boosts Position in Alphabet Inc. (NASDAQ:GOOGL)

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    V Square Quantitative Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 82.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 70,981 shares of the information services provider’s stock after purchasing an additional 32,138 shares during the quarter. Alphabet comprises about 2.4% of V Square Quantitative Management LLC’s holdings, making the stock its 3rd biggest position. V Square Quantitative Management LLC’s holdings in Alphabet were worth $9,915,000 as of its most recent filing with the Securities & Exchange Commission.

    Other institutional investors have also recently made changes to their positions in the company. GLOBALT Investments LLC GA purchased a new stake in shares of Alphabet during the fourth quarter worth about $12,522,000. Able Wealth Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $371,000. Hiddenite Capital Partners LP purchased a new stake in shares of Alphabet during the fourth quarter worth about $2,584,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Alphabet during the fourth quarter worth about $10,828,000. Finally, Prospect Financial Services LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $3,296,000. Institutional investors own 40.03% of the company’s stock.

    Alphabet Trading Up 0.9 %

    GOOGL opened at $176.79 on Friday. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.32 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $180.41. The stock has a fifty day moving average price of $168.08 and a 200-day moving average price of $150.90.

    Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the previous year, the company posted $1.17 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

    Alphabet Announces Dividend

    The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

    Wall Street Analysts Forecast Growth

    Several analysts recently issued reports on GOOGL shares. Mizuho increased their target price on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial raised their price target on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Finally, Roth Mkm raised their price target on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.26.

    Get Our Latest Analysis on GOOGL

    Insider Transactions at Alphabet

    In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $149.50, for a total value of $74,750.00. Following the transaction, the director now owns 8,791 shares in the company, valued at $1,314,254.50. The disclosure for this sale can be found here. In the last three months, insiders sold 158,958 shares of company stock valued at $25,805,853. Corporate insiders own 11.55% of the company’s stock.

    Alphabet Company Profile

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

    See Also

    Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

    Receive News & Ratings for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Burgundy Asset Management Ltd.

    Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Burgundy Asset Management Ltd.

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    Burgundy Asset Management Ltd. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,260,736 shares of the information services provider’s stock after selling 226,396 shares during the quarter. Alphabet makes up about 3.5% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its biggest holding. Burgundy Asset Management Ltd.’s holdings in Alphabet were worth $315,802,000 at the end of the most recent quarter.

    Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter worth $38,000. Meritage Group LP raised its position in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares in the last quarter. Armor Investment Advisors LLC raised its position in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares during the period. IAG Wealth Partners LLC raised its position in shares of Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC bought a new position in shares of Alphabet in the fourth quarter valued at about $55,000. 40.03% of the stock is owned by institutional investors.

    Alphabet Stock Performance

    NASDAQ:GOOGL opened at $176.73 on Friday. The company has a fifty day moving average of $165.34 and a 200-day moving average of $149.29. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 27.11, a P/E/G ratio of 1.32 and a beta of 1.01. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $178.77.

    Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the business posted $1.17 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

    Alphabet Dividend Announcement

    The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

    Analysts Set New Price Targets

    Several equities analysts have recently weighed in on GOOGL shares. Mizuho increased their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Morgan Stanley reissued an “overweight” rating and issued a $195.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and issued a $196.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Sanford C. Bernstein raised their price target on shares of Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada raised their price target on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.57.

    Read Our Latest Stock Analysis on GOOGL

    Insider Activity at Alphabet

    In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,758 shares of company stock valued at $25,580,826. 11.55% of the stock is owned by company insiders.

    About Alphabet

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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  • Sheaff Brock Investment Advisors LLC Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

    Sheaff Brock Investment Advisors LLC Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

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    Sheaff Brock Investment Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,000 shares of the information services provider’s stock after selling 8,919 shares during the period. Alphabet accounts for about 0.7% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 25th biggest holding. Sheaff Brock Investment Advisors LLC’s holdings in Alphabet were worth $9,639,000 as of its most recent filing with the Securities and Exchange Commission.

    Other large investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter valued at $38,000. Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Armor Investment Advisors LLC grew its stake in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC increased its holdings in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after buying an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $55,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

    Alphabet Price Performance

    GOOGL stock opened at $174.99 on Friday. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.30 and a beta of 1.02. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The firm has a 50 day moving average of $160.81 and a 200-day moving average of $146.70. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

    Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

    Alphabet Announces Dividend

    The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, June 10th.

    Analyst Ratings Changes

    Several equities research analysts recently issued reports on GOOGL shares. Jefferies Financial Group upped their price target on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. UBS Group boosted their price objective on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Citigroup increased their price target on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Piper Sandler restated an “overweight” rating and set a $200.00 price objective (up previously from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.57.

    Check Out Our Latest Analysis on GOOGL

    Insider Transactions at Alphabet

    In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,935 shares of company stock worth $31,178,987. Corporate insiders own 11.55% of the company’s stock.

    Alphabet Profile

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

    Further Reading

    Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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  • Apexium Financial LP Increases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

    Apexium Financial LP Increases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

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    Apexium Financial LP lifted its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 77.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,856 shares of the information services provider’s stock after purchasing an additional 20,957 shares during the quarter. Apexium Financial LP’s holdings in Alphabet were worth $6,685,000 as of its most recent SEC filing.

    Other institutional investors have also recently modified their holdings of the company. Aire Advisors LLC boosted its stake in shares of Alphabet by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after acquiring an additional 68 shares during the last quarter. Defined Wealth Management LLC boosted its stake in Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after buying an additional 71 shares during the last quarter. WealthCare Investment Partners LLC boosted its stake in Alphabet by 2.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after buying an additional 71 shares during the last quarter. Peoples Financial Services CORP. boosted its stake in Alphabet by 0.4% during the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after buying an additional 72 shares during the last quarter. Finally, RAM Investment Partners LLC boosted its stake in Alphabet by 1.0% during the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after buying an additional 73 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

    Alphabet Trading Up 0.5 %

    GOOGL opened at $177.85 on Wednesday. The business has a fifty day moving average price of $158.79 and a 200 day moving average price of $145.98. The stock has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.35 and a beta of 1.02. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

    Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the firm posted $1.17 EPS. Sell-side analysts expect that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

    Alphabet Announces Dividend

    The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%.

    Analysts Set New Price Targets

    A number of research firms have weighed in on GOOGL. BMO Capital Markets reissued an “outperform” rating and set a $215.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Truist Financial boosted their price objective on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Needham & Company LLC lifted their target price on Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Jefferies Financial Group lifted their target price on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $195.00 target price on shares of Alphabet in a research report on Wednesday, May 15th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.60.

    Get Our Latest Report on Alphabet

    Insider Transactions at Alphabet

    In related news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,935 shares of company stock valued at $31,178,987. 11.55% of the stock is currently owned by corporate insiders.

    Alphabet Company Profile

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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  • Montag A & Associates Inc. Has $18.37 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

    Montag A & Associates Inc. Has $18.37 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

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    Montag A & Associates Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,527 shares of the information services provider’s stock after buying an additional 1,831 shares during the quarter. Alphabet accounts for about 1.0% of Montag A & Associates Inc.’s investment portfolio, making the stock its 22nd largest position. Montag A & Associates Inc.’s holdings in Alphabet were worth $18,373,000 at the end of the most recent quarter.

    Other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the fourth quarter valued at about $38,000. Meritage Group LP grew its holdings in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares in the last quarter. Macroview Investment Management LLC increased its position in shares of Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Armor Investment Advisors LLC raised its stake in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its position in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the period. 40.03% of the stock is owned by institutional investors.

    Alphabet Price Performance

    Shares of GOOGL stock opened at $174.18 on Friday. The firm’s 50 day moving average price is $156.41 and its two-hundred day moving average price is $144.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $175.12. The stock has a market cap of $2.15 trillion, a PE ratio of 26.71, a PEG ratio of 1.30 and a beta of 1.02.

    Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the prior year, the business posted $1.17 EPS. As a group, analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

    Alphabet Dividend Announcement

    The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 10th.

    Insider Transactions at Alphabet

    In related news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 276,511 shares of company stock worth $41,234,695. 0.88% of the stock is currently owned by company insiders.

    Wall Street Analysts Forecast Growth

    A number of brokerages have recently issued reports on GOOGL. Wolfe Research increased their price objective on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. KeyCorp increased their price target on shares of Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Alphabet in a report on Wednesday. Citigroup increased their target price on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $195.00 price target on shares of Alphabet in a research note on Wednesday. Five analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.60.

    Check Out Our Latest Research Report on Alphabet

    Alphabet Profile

    (Free Report)

    Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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    Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

    Receive News & Ratings for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.

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