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Google-parent Alphabet's  cloud Business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows maker's investment in artificial intelligence was paying off. Alphabet's shares fell 7% in after hours trading on Tuesday. Microsoft's rose 5%. The drop in Alphabet's shares, despite it beating Wall Street estimates for overall profit and sales, showed investors wanted it to deliver gains in artificial intelligence and demonstrate it remained competitive against Microsoft's Azure and Amazon.com's (AMZN.O) AWS cloud businesses. "While a single quarter doesn't a major trend make, this quarter's cloud results ... suggest that Azure is gaining share against its com Pet ition," said Bob O'Donnell, chief analyst at TECHnalysis Research. "In addition, it could be that Microsoft's very strong messaging on their Copilots and GenAI technology is getti...

Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters. Yaccarino, who started as CEO on June 5, told Twitter investors on Thursday that the company is in early conversations with political and Entertainment figures, payments services and news and media publishers on potential partnerships, said a source familiar with the matter, who spoke on condition of anonymity to discuss a private investor call. The presentation was Yaccarino's first time addressing the company's investors, the source said. After Musk acquired Twitter in October, the social media firm faced months of chaos, including layoffs of thousands of employees, criticism over lax content moderation, and an exodus of many advertisers who did not want their ads appearing next to inappropriate cont...

Alphabet Inc's Google plans to introduce generative artificial intelligence into its advertising Business over the coming months to create "novel" advertisements, the Financial Times reported on Thursday, citing an internal presentation. Generative AI is a type of Technology that relies on past data to create rather than identify content. Last month, Google began the public release of its chatbot Bard, seeking users and feedback to gain ground on Microsoft Corp in the race to top the market for AI Technology . Per the presentation, advertisers can supply "creative" content such as imagery, video and text relating to a particular ad campaign, and the AI will then mix this material to generate ads based on the target audience, along with sales targets, the report said. While there have been concerns about the wider impact of AI on issues like disinformation, phishing attempts and cybercrime, Google plans to put in guardrails to...

In an effort to limit online ad monopolies, the US Senate is seeking to pass the AMERICA Act (Advertising Middlemen Endangering Rigorous Internet Com Pet ition Accountability), to break up ad Business es of tech giants like Google and Meta. According to the Act, large digital ad firms won't be allowed to own both sides of an ad exchange, where they have ownership over demand and supply-side platforms. Additionally, those buying and selling ads can't own both the demand and supply side of the ad platform, except to only sell their ad stock. Medium-sized companies will also be required to make the "best execution" for ad bids, instead of just holding back to serve their operations. The Act emphasises transparency and access to technical capabilities and data. Read  Twitter's biggest users refuse to pay for blue checkmarks If a business, however, does run two sides of the market, it will need to establish "firewalls" to minimise abuse and conflic...

Britain must support its semiconductor industry to win inward investment and secure supplies of the chips essential to its industrial and economic prospects, a group of lawmakers said. Spurred by a global shortage, governments in the United States and Europe have ploughed tens of billions of dollars into semiconductors, including building new manufacturing "fabs". Britain, however, had not published its promised strategy on the sector and risked falling behind in securing inward investment, the lawmakers said in a report on Monday. "The government is putting UK plc at significant risk by failing to take action in support of the semiconductor industry," said Darren Jones, chair of the Business , energy and industrial strategy committee. The committee said Britain should cooperate with the United States under its CHIPS act, and engage with Taiwan, which is the world's biggest manufacturer of advanced chips. The lawmakers said while Britain's semicond...

NEW DELHI: Amazon Inc will shut down a food-delivery Business it was testing in India, the e-commerce giant said on Friday, a day after it announced the winding down of its online learning platform for high-school students in the country. Amazon Food, a Business the company was trialing in the southern Indian city of Bengaluru, would be discontinued, it said. "As part of our annual operating planning review process, we have made the decision to discontinue Amazon Food," a company spokesperson told Reuters. "We don't take these decisions lightly. We are discontinuing these programs in a phased manner to take care of current customers and partners." The Economic Times earlier reported that the Business would be discontinued from Dec. 29 onwards, citing a communication from the company to its restaurant partners. On Thursday, Amazon said it was shutting down the Amazon Academy platform in India that was launched early last year amid a boom...