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The Sunday Brief: the lowest quartile (2Q earnings preview)

July greetings from Cedar Rapids, Kansas City and Washington, DC.  Kudos to my brother-in-law, Andrew Ashcroft, for earning his promotion to Captain in the U.S. Navy.  It was an honor to join family and friends at the Pentagon earlier this month to celebrate his...

European policies for competition and growth in ICT through regulation of Big Tech, network operators and standard-essential technology licensing

Big Tech companies have profited greatly from dominant market positions while riding largely for free over the top of fixed and mobile telecom networks and devices. The entire Information and Communications Technologies (ICT) ecosystem is enabled by a variety of interoperability technologies including 5G...

Alphabet earnings miss the mark, again

Google’s parent company fell short of Wall Street expectations, though Google Cloud bucked the trend Google parent company Alphabet reported earnings and revenue weaker than Wall Street analysts expected, driving the stock price down in after-hours trading on Tuesday. Alphabet reported earnings per share (EPS) of $1.06;...

Google parent Alphabet misses on Q2 earnings and revenue

Search and Cloud are driving the business, said execs Alphabet, Google’s parent company, on Tuesday posted second-quarter earnings that narrowly missed Wall Street estimates. The company reported $69.69 billion in revenue, 13% higher year over year, mostly in line with estimates. Net income was $16...

Cities deploy Google-made smart-city stickers to build trust in IoT surveillance tech

It has taken three years to appear, but four cities (“communities”) are to adopt and test a set of visual icons, originally developed and announced as part of the Google parent-company Alphabet’s Sidewalk Labs project, on smart-connected infrastructure around their streets and neighbourhoods. The...

Google Cloud revenues jump on billion-dollar deals

Google Cloud saw strong fourth-quarter revenue and shrunk operating losses as parent Alphabet takes the long view on profitability.

Hyperscalers and telcos at the industrial edge – a royal couple or a battle royale?

The kaleidoscope has been shaken, and the pieces are in flux; it is a quote from when British politics was supposed to change forever. But it captures very well an even more seismic upheaval, which promises indelible change for global industry – and will...

Alphabet launches robot software company Intrinsic to drive localised Industry 4.0

Google parent company Alphabet has announced the launch of a new robotics software company called Intrinsic, spun out of its X research lab, or so-called ‘moonshot factory’. The X division has previously birthed standalone Alphabet businesses including autonomous car company Waymo and life sciences...

Sidewalk Labs blames Covid economy for shock shutdown of $1bn Toronto venture

Sidewalk Labs, the smart-city side project of Google-parent company Alphabet, has pulled the plug on its controversial tech-fuelled urban re-development project in Toronto, blaming “economic uncertainty” brought on by the coronavirus pandemic. The firm said the economic impact of the coronavirus crisis was felt in...

AT&T, Loon prepare for the worst with high-altitude internet balloons

Loon has secured fly over approval for its high-altitude internet balloons in more than 50 countries and regions AT&T has partnered up with Alphabet’s Loon division, whose aim is to provide internet connection using high-altitude internet balloons, or more technically, unmanned aircraft systems (UAS). The...

Decision on Sidewalk Labs delayed as Toronto seeks public review

Waterfront Toronto, in charge of the $1 billion redevelopment of Toronto’s waterfront neighbourhood, has extended the deadline on whether to move forward with Google sister company Sidewalk Labs’ proposal for the smart city enclave. The board of Waterfront Toronto has extended the consultantion period from...

Cellular-satellite start-up UbiquitiLink raises $5.2 million

Cellular-satellite start-up UbiquitiLink, which aims to connect regular cellular phones via a netowrk of low-earth-orbit nanosatellites, raised a second round of seed funding this week, snagging $5.2 million and bringing its total raised to $12 million. UbiquitiLink said that the money will speed up...

Loon gets a $125M boost from Softbank JV

Alphabet spin-off Loon, which relies on high-altitude balloons and drones to provide wireless internet service to terrestrial users, has snagged $125 million in investment from Softbank joint venture HAPSMobile. The companies say that they are "actively exploring commercial collaborations to accelerate the deployment of...

Alphabet’s Loon brings on former telecom execs to advise

Alphabet's Loon, which focuses on bringing balloon-based connectivity to remote areas, is adding former telecom executives from some of the largest mobile operators to a new advisory board focused on commercialization and network operator partnerships. The three founding members of Loon's new advisory board include...

Waymo obtains driverless car testing permit in California

  Waymo said it will begin testing in Palo Alto, Mountain View, Los Altos, Los Altos Hills and Sunnyvale   California’s Department of Motor Vehicles has issued a permit to Waymo authorizing the company to test driverless vehicles on public roads, including freeways, highways and streets in...

‘No one owns urban data’, says Google, as privacy commissioner quits Sidewalk Labs

Ontario’s former privacy commissioner has resigned from her consulting role at Google’s sister company Sidewalk Labs over its failure to guarantee citizens’ personal data would be protected at its Toronto smart-city development. Ann Cavoukian resigned from Sidewalk Labs, owned by Google parent Alphabet, on Friday...

Toyota invests $500m in Uber for fleet of autonomous taxi cabs, starting 2021

Toyota is to invest $500 million in Uber, as the pair seek to bring autonomous ride-sharing to the mass-market. The deal values Uber at $72 billion, despite the company making losses of $4.5 billion last year. Technology from both companies will be integrated into purpose-built...

Google reportedly looking into leveraging blockchain technology

Google embracing blockchain technology Google is reportedly looking into using blockchain technology to boost the search engine giant’s cloud business, according to sources familiar with the matter at Bloomberg. Blockchain is a technology that helps keep record of online transactions in a distributed, decentralized way using...

Samsung CTO leaves to lead Google’s IoT initiatives

Goal is to align consumer and enterprise products to tell "IoT story of Google" Former Samsung CTO Injong Rhee, who joined the Korean tech giant in 2011, announced in a LinkedIn post that he has taken on the new role of entrepreneur-in-residence to lead Alphabet...

Alphabet launches security firm Chronicle to advance threat detection

Alphabet unveils new cyber security business Google parent company Alphabet announced it is deploying a new security firm dubbed Chronicle, with the aim of helping businesses recognize and thwart cyber attacks. The company will leverage Google’s computing and storage infrastructure, as well as machine learning...

Google CEO compares AI to electricity and fire

AI research and development requires a "balanced" approach Technology giant Google, a subsidiary of parent company Alphabet, is engaged in a wide range of research into applications for artificial intelligence (AI) that include machine translation to remove language barriers, improving healthcare by empowering doctors to...

Cloud growth boosts big tech third-quarter earnings

Amazon, Alphabet, Microsoft and Intel beat earning expectations Amazon, Alphabet, Microsoft and Intel posted quarterly earnings last Thursday, which reflected a shift away from company-owned data centers and toward the cloud. All of the companies surpassed expected earnings, resulting in a surge in share prices...

Need for better security architecture underscored by McAfee

McAfee representative highlights cyber security issues facing modern-day networks AUSTIN--Conventional architecture is not sufficient to deal with the onslaught of cyber security issues in the digital realm. That is the insight of Brett Kelsey, vice president and chief technology strategist for the Americas with McAfee....

Report: EU weighing record fine in Android anti-trust case

Google's Android OS raises EU competitive concerns Alphabet could be hit with another record fine from the European Union, this time for using its Android operating system to protect the market position of its applications and search engine on mobile devices by limiting device manufacturer's...