Alphabet


'Alphabet' Articles

Alphabet's Waymo Accuses Uber of Stealing Self-Driving LiDAR System

Google parent company Alphabet's self-driving Waymo car division today filed a lawsuit [PDF] against Uber, accusing the company of stealing its self-driving intellectual property. In blog post shared this afternoon, Waymo explains that employees of Otto, a self-driving trucking startup recently acquired by Uber, allegedly stole technical information from Google's autonomous car project, something it equates to "stealing a secret recipe from a beverage company." Specifically, former Google employee Anthony Levandowski, who co-founded Otto, is accused of stealing 14,000 confidential files that included data on the laser-based radar system used in Waymo vehicles. Waymo conducted a forensic investigation of Levandowski's former computer after accidentally receiving an email of Otto's LiDAR circuit board, which closely resembled Waymo's design.We found that six weeks before his resignation this former employee, Anthony Levandowski, downloaded over 14,000 highly confidential and proprietary design files for Waymo's various hardware systems, including designs of Waymo's LiDAR and circuit board. To gain access to Waymo's design server, Mr. Levandowski searched for and installed specialized software onto his company-issued laptop. Once inside, he downloaded 9.7 GB of Waymo's highly confidential files and trade secrets, including blueprints, design files and testing documentation. Then he connected an external drive to the laptop. Mr. Levandowski then wiped and reformatted the laptop in an attempt to erase forensic fingerprints.According to Waymo, its LiDAR system is "one

Google Again Surpasses Apple as Most Valuable Company in the World

With Apple shares dipping below $90 this morning, Google's parent company Alphabet briefly overtook Apple as the world's most valuable company hitting a market cap of $498 billion compared to Apple's market cap of $494 billion. Apple and Google shares continue to fluctuate and the two companies are neck-and-neck for the top valuation, but Google remains in the lead. Apple's stock has seen steep declines in recent weeks, following its first ever drop in iPhone sales and its first year-over-year revenue decline since 2003. Apple's share price is down again amid rumors of weak demand for the upcoming iPhone 7 and there's no relief in sight as Apple is also expecting a revenue drop in Q3 2016. Apple's guidance for the quarter includes expected revenue of $41 to $43 billion and gross margin between 37.5 and 38 percent, compared to $49.6 billion revenue and gross margin of 39.7 percent in Q3 2015. Google parent company Alphabet previously overtook Apple as the most valuable company in the world in February of 2016 following a strong Q1 2016 earnings report. Earlier today, Apple was ranked the world's most valuable brand by Forbes, assigned a brand value of $154.1 billion compared to Google's $82.5

Google Surpasses Apple as World's Most Valuable Company

Google's parent company, Alphabet, is encroaching on Apple's status as the most valuable company in the world, reports CNN. While Apple is currently on top, a surge in Alphabet shares today gave it a market valuation of $533.4 billion, briefly surpassing Apple's valuation of $532.7 billion on a 1 percent stock drop. Alphabet shares dropped shortly after, leaving Apple at a higher valuation, but the numbers could shift again tomorrow following Alphabet's first financial earnings report this afternoon. Alphabet is expected to announce overall revenue growth of close to 15 percent with a 20 percent increase in earnings per share. Over the course of the last several months, Apple shares have fallen steadily, dropping its peak valuation of $740 billion to ~$540 billion. Despite record earnings for the first fiscal quarter of 2016, with revenue of $75.9 billion and net quarterly profit of $18.4 billion, Apple has not bounced back from rumors that the iPhone 6s and the iPhone 6s are not selling well and concerns that the company has reached "peak iPhone" with no replacement product on the horizon. Apple is in for a rough second quarter as the company is expected to announce its first ever decline in iPhone sales and its first year-over-year revenue drop in thirteen years. Currency headwinds caused by a strong U.S. dollar are costing Apple a significant percent of its earnings compared to the year-ago quarter. Update 1:05 PM: Alphabet is up another 8 percent in after hours trading following a strong earnings report, meaning Alphabet will almost certainly open trading