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Google's business is growing at its fastest rate in two years, and a blowout earnings report in April sparked the biggest rally in Alphabet shares since 2015, pushing the company's market cap past $2 trillion.
Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its "Core" teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned.
Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company's ability to generate profits from its hefty investments in artificial intelligence.
Alphabet will report first-quarter earnings after the bell Thursday.
Wearing a hoodie with the words "We use Math" on the front, Google search boss Prabhakar Raghavan had an important message for employees at an all-hands meeting last month. But he first wanted them to settle in and get comfortable.
During a keynote speech in New York on Monday from the managing director of Google's Israel business, an employee in the company's cloud division protested publicly, proclaiming “I refuse to build technology that powers genocide.”
Google co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of artificial intelligence enthusiasts that he came out of retirement "because the trajectory of AI is so exciting."
In a memo Tuesday evening, Google CEO Sundar Pichai addressed the company’s artificial intelligence mistakes, which led to Google taking its Gemini image-generation feature offline for further testing.