Alphabet's Earnings: Growth, AI Investments, and Wall Street Reactions

Temu And Shein got a reprieve from the USPS, but they are still in deep, deep trouble. I’ll explain why. Alphabet earnings disappoint their investors but cheer investors of Nvidia. Google and Meta going in different directions when it comes to AI. And why are people increasingly refusing to pay ransomware?

Sponsors:

• Acorns.com/ride

Links:

• USPS Resumes Accepting Packages From China After Unexpected Suspension (Wired)
• Google expects to spend $75 billion this year on the AI race (The Verge)
• Google drops pledge not to use AI for weapons or surveillance (The Washington Post)
• Meta says it may stop development of AI systems it deems too risky (TechCrunch)
• After a bruising year, Sonos readies its next big thing: a streaming box (The Verge)
• 35% Year-over-Year Decrease in Ransomware Payments, Less than Half of Recorded Incidents Resulted in Victim Payments (Chainalysis)
• Apple Launches New 'Invites' App (MacRumors)

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