Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1
Julia Love /Bloomberg:
Google projects its capex at $195B to $205B in 2026, after saying in April that it will spend up to $190B; Q2 capex grew 100% YoY to $44.92B; GOOGL falls 7%+
Julia Love /Bloomberg:
Google projects full-year capex will be $195B to $205B in 2026, after saying in April that it will spend as much as $190B; its Q2 capex hit $44.92B, up 100% YoY
Julia Love /Bloomberg:NEW
Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1
Julia Love /Bloomberg:
Alphabet winds down agriculture startup Mineral, which became an independent subsidiary in 2023, and is licensing some of its tech to berry producer Driscoll's
Julia Love / Bloomberg :
A profile of Alphabet's moonshot X lab, which is carving out a path to spin off projects as independent startups, after years of debate and experimentation
more of a focus on financial success these days, plus Google looks more like a conservative incumbent than out-of-the-box innovator. https://www.bloomberg.com/... #Google Max Chafkin / @chafkin : this...
Human smugglers are using Facebook, Instagram, Snapchat, TikTok, and WhatsApp to recruit a new generation of coyotes to transport migrants from Mexico to the US
Julia Love / Bloomberg : X: @sarahfrier , @josheidelson , @ttp_updates , @josheidelson , and @byjulialove X: Sarah Frier / @sarahfrier : Please read @byJuliaLove today, and be transported to the bord...
Sources: Twitter resumed paying Google Cloud for its services; the companies are negotiating a partnership that could include ads and Google using Twitter's API
Julia Love / Bloomberg :
Google lays off most of its Area 120 incubator team and plans to graduate three projects in 2023; sources: Google cut virtually all staff not on the projects
Julia Love / Bloomberg :
Research: the US tech industry shed 9,587 jobs in October, the highest since November 2020; in 2022, 104K+ startup workers have lost jobs, up from 81K in 2020
Julia Love / Bloomberg :