Alphabet Inc.

Alphabet and Tesla shares plunge as runaway AI spending spooks investors

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Alphabet and Tesla shares plunge as runaway AI spending spooks investors

Shares of Alphabet and Tesla took a beating Thursday after the tech giants said they would ramp up their already breakneck pace of artificial intelligence spending – rattling investors who are increasingly wary of whether the massive bets will pay off.   Tesla shares fell 10% and Alphabet sank over 5%. The dismal trading day comes … Read more

Waymo recalls nearly 4,000 robotaxis due to dangerous software glitch

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Waymo recalls nearly 4,000 robotaxis due to dangerous software glitch

Have they lost their Way-mo? Alphabet’s glitch-plagued robo-cab subsidiary has yet another speed bump. Waymo has recalled 3,800 autonomous taxis after identifying a bug that allowed the vehicles to drive into standing water, per a letter on the National Highway Traffic Safety Administration’s (NHTSA) website. According to the NHTSA, which is probing the mishap, the software … Read more