- GOOG Q2: diluted EPS $9.11 vs $2.88 expected; revenue $119.8B (+24% YOY) vs $116.9B est; Google Cloud revenue +82% YOY; EPS included ~$99B unrealized equity gain.
- GOOG disclosed about $811B in committed capital for tech infrastructure, inventory, energy and content; total future commitments about $902B including $91B in leases, mostly due by 2030.
- GOOG: Waymo recalled ~3,800 botaxis in May for flood-driving software, then ~3,900 more after entries into closed freeway construction zones; NHTSA flagged safety pattern and urged fixes
- A Google DeepMind exec warned GOOG could see AI infrastructure spending outpace revenue growth ahead of the next major AI advance, highlighting faster capex vs. revenue timing.
- Alphabet (GOOG) will meet White House officials on voluntary safety testing of advanced AI models; administration plans to exclude open-weight AI models from the proposed tests.
- India may allow merchant fees on digital payments, which would change Google Pay’s merchant costs and could affect Google’s (GOOG) competitive position in UPI payments.
- SpaceX filing says Alphabet Class C (GOOG) will natively support Starlink Gen2 Direct-to-Device in late 2027, ahead of broader launch and global coverage by 2028.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.