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Industries
Hardware
Consumer Software
AI & Machine Learning
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Mountain View, California
Founded
2015
Alphabet is a holding company that supports various ambitious projects, including well-known brands like Google and Nest. It operates in the technology sector, providing a wide range of products and services that are essential to everyday life, such as Google Maps, YouTube, Chrome, and Android. Alphabet's structure allows each business unit to operate independently under strong leadership, while the parent company manages capital allocation and overall strategy. This decentralized approach enables flexibility and responsiveness to market changes. Revenue comes from multiple sources, including advertising, hardware sales, and subscription services. The company's goal is to remain relevant in the fast-evolving tech landscape by exploring new and speculative ideas.
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Alphabet’s stock is reportedly considered to be undervalued as investors wonder if artificial intelligence will take away some of its market share in search. The Google parent company’s stock is down 16% this year, is underperforming other AI stocks like Microsoft and Meta, and is the cheapest among the Magnificent Seven companies, Bloomberg reported Thursday (April 10). Investors are concerned that Alphabet’s dominance in search means it has nowhere to go but down, that the company has fallen behind its competitors in AI, that it is making substantial investments in AI, and that younger consumers are using AI services rather than traditional search, according to the report
Andy Jassy details Amazon’s AI initiatives at AWS re:Invent in 2024. (GeekWire File Photo / Todd Bishop)Amazon CEO Andy Jassy’s total compensation reached $40.1 million in 2024, due largely to strong gains in the company’s stock price that boosted the value of the shares he vested during the year.The compensation figure, disclosed Thursday morning in the company’s annual proxy statement, was up 37% from $29.2 million the prior year. Although Jassy vested fewer shares — 211,000 in 2024 compared to 225,340 in 2023 — the value of those shares rose sharply to $38.5 million, up from $27.8 million the year before, because of Amazon’s stock gains.Other components of Jassy’s total compensation:. Base pay was unchanged at $365,000.Company 401(k) contributions totaling $6,900.Personal security costs of $1.12 million, up from $986,164 in 2023.$105,000 for a required Hart-Scott-Rodino (HSR) Act filing fee, which Amazon paid on Jassy’s behalf. Amazon’s stock jumped more than 40% in 2024, outpacing the broader market. The gains coincided with strong growth in its cloud business, and progress in AI.Amazon CEO Andy Jassy’s realized compensation reached $40.1 million in 2024, as shown in this graphic from the company’s proxy statement. (Click to enlarge.)(The company’s shares are down more than 13% so far this year — including a plunge and partial recovery along with the rest of the market after recent tariff announcements from President Trump.)Jassy’s decline in vested shares in 2024 reflected the vesting schedule for a 10-year equity grant awarded to him when he became Amazon’s second CEO in 2021, succeeding founder Jeff Bezos in the role.That grant, originally valued at $212 million, vests through 2031 regardless of Amazon’s performance — a structure that has drawn scrutiny from some shareholders and proxy advisory firms
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Google Cloud unveiled its seventh-generation Tensor Processing Unit (TPU) called Ironwood on Wednesday, a custom AI accelerator that the company claims delivers more than 24 times the computing power of the world’s fastest supercomputer when deployed at scale.The new chip, announced at Google Cloud Next ’25, represents a significant pivot in Google’s decade-long AI chip development strategy. While previous generations of TPUs were designed primarily for both training and inference workloads, Ironwood is the first purpose-built specifically for inference — the process of deploying trained AI models to make predictions or generate responses.“Ironwood is built to support this next phase of generative AI and its tremendous computational and communication requirements,” said Amin Vahdat, Google’s Vice President and General Manager of ML, Systems, and Cloud AI, in a virtual press conference ahead of the event. “This is what we call the ‘age of inference’ where AI agents will proactively retrieve and generate data to collaboratively deliver insights and answers, not just data.”Shattering computational barriers: Inside Ironwood’s 42.5 exaflops of AI muscleThe technical specifications of Ironwood are striking. When scaled to 9,216 chips per pod, Ironwood delivers 42.5 exaflops of computing power — dwarfing El Capitan‘s 1.7 exaflops, currently the world’s fastest supercomputer
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Google Cloud is making an aggressive play to solidify its position in the increasingly competitive artificial intelligence landscape, announcing a sweeping array of new technologies focused on “thinking models,” agent ecosystems, and specialized infrastructure designed specifically for large-scale AI deployments.At its annual Cloud Next conference in Las Vegas today, Google revealed its seventh-generation Tensor Processing Unit (TPU) called Ironwood, which the company claims delivers more than 42 exaflops of computing power per pod — a staggering 24 times more powerful than the world’s leading supercomputer, El Capitan.“The opportunity with AI is as big as it gets,” said Amin Vahdat, Google’s vice president and general manager of ML systems and cloud AI, during a press conference ahead of the event. “Together with our customers, we’re powering a new golden age of innovation.”The conference comes at a pivotal moment for Google, which has seen considerable momentum in its cloud business. In January, the company reported that its Q4 2024 cloud revenue reached $12 billion, a 30% increase year over year. Google executives say active users in AI Studio and the Gemini API have increased by 80% in just the past month.How Google’s new Ironwood TPUs are transforming AI computing with power efficiencyGoogle is positioning itself as the only major cloud provider with a “fully AI-optimized platform” built from the ground up for what it calls “the age of inference” — where the focus shifts from model training to actually using AI systems to solve real-world problems.The star of Google’s infrastructure announcements is Ironwood, which represents a fundamental shift in chip design philosophy
Google has removed the head of Gemini as its AI chatbot continues to lag behind ChatGPT. According to Semafor, Sissie Hsiao has stepped down to be replaced by Josh Woodward, the head of Google Labs who oversaw the launch of NotebookLM, the artificial intelligence (AI) tool that turns documents into two-person podcasts. Google DeepMind CEO [] The post Google Replaces Gemini Head After Lagging AI Performance appeared first on PYMNTS.com.
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Industries
Hardware
Consumer Software
AI & Machine Learning
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Mountain View, California
Founded
2015
Find jobs on Simplify and start your career today
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