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Google on Thursday said it will invest $2 billion in Malaysia, with part of the funds going toward building its first data center and cloud region in the country, as the demand for AI and cloud services rises.
Alphabet's outgoing finance chief, Ruth Porat, spent the past year and a half trying to help her internet company navigate the generative artificial intelligence boom. The person who was just named her successor was knee-deep in a very different phenomenon: anti-obesity drugs.
KUALA LUMPUR, Malaysia (AP) — Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country.
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.