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Start-up founder Demis Hassabis trades independence for greater influence over the future of artificial intelligence
Tech groups’ core businesses hold up better than expected after recent struggles
Cost-cutting and AI competition has forced tech group to redouble its efforts to turn research into services
Chief executive Sundar Pichai also points to ‘momentum’ in search giant’s cloud business
Google parent head was granted big stock award before company moved to cut jobs in 2023
Shake-up will put Demis Hassabis in charge of expanded group as search giant seeks an edge in AI race
Longtime Google employee had overseen the video site’s transformation into a digital content giant
Analysts warn of ‘speculative’ bubble as some shares more than double in value this year
Ad error draws scrutiny as tech group tries to regain edge in search technology
Amazon, Meta, Alphabet and Microsoft reveal hefty price tag as they rein in spending
Investors should note that redundancies and a bounce related to monetary policy are one-off phenomena
Big tech’s slower growth is fine, if it’s temporary
Apple is the only one of the bunch to avoid mass job cuts so far
Search giant’s grip over online ad market has slipped
iPhone-maker enhances maps, search and online advertising on iOS to challenge rival Android system
Activists seem to think so
Google parent to cut 12,000 jobs as tech sector sheds more than 200,000 posts over 12 months
Bid to extend tech throughout city state to wipe out disease-carrying mosquito population
Interventions from shareholders have hit a nerve as Silicon Valley’s long boom slows
TCI letter comes as Google parent’s Big Tech peers slash jobs to cope with slowing growth
Companies start to adjust their cost base for a low-growth economic climate
Taking growth for granted
Hammering of sector shares partly reflects worries over costs and benefits of AI and the metaverse projects
Investors spooked by weak earnings season and runaway costs at largest digital companies
Inflation and recession fears throttle spending on advertising and personal computers
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