Tuesday, May 28

Tag: Sundar Pichai

Google to Invest $10 billion in India: Sundar Pichai
INDIA

Google to Invest $10 billion in India: Sundar Pichai

New Delhi, Jul 13, 2020: Google CEO Sundar Pichai said that they plan to invest $10 billion (Rs 75,000 crore) in India over the next five to seven years to help accelerate the adoption of digital technologies in the country. Pichai, who held a virtual meeting with Prime Minister of India Mr. Narendra Modi on Monday morning, made the announcement at the annual ''Google for India'' event via video conference. Announcing the $10 billion investment in India over the next 5-7 years through ''Google for India Digitization Fund'', Pichai asserted that the move is a reflection of the company's confidence in the future of the country and its digital economy. Pichai said a whole new generation of technologies are happening in India first, and that people in the country no longer have to wa...
Google Cloud and Youtube Revenue Jumps, Alphabet Shares Slump 4 Percent
BUSINESS

Google Cloud and Youtube Revenue Jumps, Alphabet Shares Slump 4 Percent

Detailing its cloud computing and YouTube revenues for the first time, Alphabet reported that profits rose 19 percent from a year ago in the quarter to nearly $10.7 billion as revenues increased 17 percent to $46 billion. Alphabet and Google chief executive Sundar Pichai touted YouTube as a revenue star at the company, with ad revenue reaching $15 billion last year in an increase of about 36 percent from 2018. YouTube music and television premium services now have more than 20 million paid subscribers, according to Pichai. Despite assurances by executives that Alphabet sees plenty of money-making potential ahead and is investing to capitalize on long-term trends, Alphabet shares slipped more than four percent in after-market trades that followed release of the earnings figures. ...
Larry Page, Sergey Brin step down; Sundar Pichai promoted as Alphabet CEO
News

Larry Page, Sergey Brin step down; Sundar Pichai promoted as Alphabet CEO

Google's India-born Chief Executive Officer Sundar Pichai will assume the leadership role at its parent firm Alphabet after the internet giant's co-founders Larry Page and Sergey Brin stepped down from its active management, making him one of the most powerful corporate leaders of the world. Page and Brin are stepping down as CEO and president, respectively, of Alphabet, the company announced on Tuesday. Pichai, 47, the current CEO of Google and a longtime executive at the company, will take over as CEO of Alphabet in addition to his current role. Considered as a significant shakeup in the Silicon Valley company, the shuffle comes at a time when Google is facing mounting scrutiny over its size, data privacy practices and potential impact on society. With Alphabet now well-esta...
Google will never sell data to 3rd parties: Sundar Pichai, Google CEO
Entrepreneurs Talk

Google will never sell data to 3rd parties: Sundar Pichai, Google CEO

Google will never sell any personal information of its users to third parties, CEO Sundar Pichai has said, amidst growing global concern over the misuse of personal data by some social media giants. In an opinion piece in The New York Times published on Tuesday, he also said that privacy cannot be a "luxury good" that is only available to people who can afford to buy premium products and services.The 46-year-old Indian-origin CEO of Google said he believed that privacy was "one of the most important topics of our time."People today are rightly concerned about how their information is used and shared, yet they all define privacy in their own ways, he said. "To make privacy real, we give you clear, meaningful choices around your data. All while staying true to two unequivocal policies...
Trump says Google CEO Sundar Pichai committed to US, not Chinese military
USA

Trump says Google CEO Sundar Pichai committed to US, not Chinese military

US President Donald Trump said that Google CEO Sundar Pichai, whom he'd previously accused of indirectly boosting China's military, has reassured him that he is "totally committed" to US security. "Just met with @sundarpichai, President of @Google, who is obviously doing quite well," Trump tweeted after a White House meeting. "He stated strongly that he is totally committed to the US Military, not the Chinese Military." Earlier this month Trump complained that Google's business activities in China were "helping China and their military. "There was also criticism from General Joseph Dunford, chairman of the Joint Chiefs of Staff, who told Congress "the work that Google is doing in China is indirectly benefiting" China's armed forces. America's top military officer has also urged U...
AI will be Bigger Than Electricity or Fire- Sundar Pichai, Google CEO
Entrepreneurs Talk

AI will be Bigger Than Electricity or Fire- Sundar Pichai, Google CEO

weforum- Sundar Pichai, CEO of Google was speaking at Wef 2018 conference said that the Artificial Intelligence will save us not destroy us. “AI is probably the most important thing humanity has ever worked on. I think of it as something more profound than electricity or fire,” he said. “Any time you work with technology, you need to learn to harness the benefits while minimising the downsides.” While some thinkers notably Professor Stephen Hawking have warned that AI could wipe out mankind, Pichai was optimistic. He said that the technology could eliminate many of the constraints we now face, helping us for example to make “clean, cheap, reliable energy” a reality. Pichai, who grew up in India, spoke of the transformative power of technology. “Growing up, I did...
Google Launching Artificial Intelligence Research Center In China
CHINA

Google Launching Artificial Intelligence Research Center In China

Alphabet Inc’s Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country. Google said in a statement the research center is the first of its kind in Asia and will comprise a small team operating out of its existing office in Beijing. Chinese policy makers have voiced strong support for AI research and development in the country, but have imposed increasingly strict rules on foreign firms in the past year, including new censorship restrictions. Google’s search engine is banned in the Chinese market along with its app store, email and cloud storage services. China’s cyber regulators say restrictions on foreign media and internet platforms ...
Apple’s Tim Cook Says Developers Have Earned $17B From China App Store
CHINA

Apple’s Tim Cook Says Developers Have Earned $17B From China App Store

Apple Inc’s chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total 112 billion yuan ($16.93 billion), representing roughly a quarter of total global App Store earnings. Cook shared the data on Sunday during a speech at China’s top public cyber policy forum, organised by the Cybersecurity Administration of China (CAC), which oversees internet regulation including censorship. Earlier this year, Apple said that developers had earned roughly $70 billion in total revenue through the store. Apple is facing criticism from local users and rights groups for bowing to pressure from Beijing cyber regulators after it decided to remove hundreds of apps from its Chinese store this year, including messaging apps and virtual private network (VPN)...
Google Bringing its Voice Based Digital Assistant to iPhone To Challenge Siri
News

Google Bringing its Voice Based Digital Assistant to iPhone To Challenge Siri

Alphabet's Google is bringing its digital assistant to Apple's iPhone, making a play for the higher end of the smartphone market and challenging Apple's Siri feature on its own devices. The announcement heralds a step by Google, whose Android operating system runs on the majority of the world's smartphones, to get a foothold on Apple's phones, which have smaller market share but are used by people who tend to spend more on technology. It comes as Google, Apple and Amazon.com are competing to establish dominance in the voice-powered digital assistant segment, which many in the industry believe will supplant keyboards and touch screens as a primary way that users interact with technology. Speaking at an annual developer conference in Mountain View, California, Google Chief Executive S...
Google’s Search For Non-ad Revenue Puts Spotlight on Cloud & Pixel
News

Google’s Search For Non-ad Revenue Puts Spotlight on Cloud & Pixel

Alphabet's non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store, has long been sandwiched between Google's advertising juggernaut and its moonshot ventures that have captured popular imagination. Not any more. The business, categorized as "Other Revenue" in its earnings report, posted a 49.4% jump in revenue to $3.10 billion on Thursday - a sum already bigger than Twitter's annual revenue. The business now represents about 13% of Alphabet's total revenue, compared with 10% a year earlier. That may not be a big jump but definitely shines a light on Google's efforts to cut down its dependence on revenue from advertising, where it competes with Facebook. "(Google) is doing a good job, a much better job in diversifying revenue than Facebook is...