Alphabet Unveils Chronicle, a New Business Unit Devoted to Cyber Security


Astro Teller, who oversees Google[x], speaks at the South by Southwest (SXSW) interactive, film and music conference in Austin, Texas March 17, 2015. REUTERS/Laura Buckman
Astro Teller, who oversees Google[x], speaks at the South by Southwest (SXSW) interactive, film and music conference in Austin, Texas March 17, 2015. REUTERS/Laura Buckman
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Alphabet Unveils Chronicle, a New Business Unit Devoted to Cyber Security


Astro Teller, who oversees Google[x], speaks at the South by Southwest (SXSW) interactive, film and music conference in Austin, Texas March 17, 2015. REUTERS/Laura Buckman
Astro Teller, who oversees Google[x], speaks at the South by Southwest (SXSW) interactive, film and music conference in Austin, Texas March 17, 2015. REUTERS/Laura Buckman

Parent company Alphabet Inc. announced the launch of a new subsidiary company, known as Chronicle, devoted to cybersecurity.

Alphabet Inc introduced a new business unit on Wednesday that will sell cyber security software to Fortune 500 companies, Reuters reported.

The move will help the parent of Google to become a major player in corporate computing.

Chronicle was formed in 2016 inside of X, Alphabet’s experimental lab.

Stephen Gillett, chief executive of Chronicle and a former top official at the cyber firm Symantec Corp, said access to Google’s expertise in automated data analysis would give the company an edge over other companies in the cybersecurity market.

The company is testing an early version of its services with some of the 500 firms, but he declined to name them.

"We are absolutely committed to staying ahead of cyber-criminals and we have the resources to see it through," Gillett added.

Unlike most other X efforts, the latest unit will sell services to other companies -- another indication of the shift toward enterprise markets for the tech giant, according to Bloomberg.

The cyber security initiative shows Alphabet’s keenness to grow beyond its core online advertising business at Google and become a huge player in enterprise computing technology.



Trump Offers Support to Musk's Car Company in a Surprising Post as Tesla Stock Plunges

Mar 22, 2025; Philadelphia, PA, USA; Elon Musk and President Donald Trump during the Division I Men's Wrestling Championship held at Wells Fargo Center. Mandatory Credit: Eric Hartline-Imagn Images/File Photo
Mar 22, 2025; Philadelphia, PA, USA; Elon Musk and President Donald Trump during the Division I Men's Wrestling Championship held at Wells Fargo Center. Mandatory Credit: Eric Hartline-Imagn Images/File Photo
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Trump Offers Support to Musk's Car Company in a Surprising Post as Tesla Stock Plunges

Mar 22, 2025; Philadelphia, PA, USA; Elon Musk and President Donald Trump during the Division I Men's Wrestling Championship held at Wells Fargo Center. Mandatory Credit: Eric Hartline-Imagn Images/File Photo
Mar 22, 2025; Philadelphia, PA, USA; Elon Musk and President Donald Trump during the Division I Men's Wrestling Championship held at Wells Fargo Center. Mandatory Credit: Eric Hartline-Imagn Images/File Photo

President Donald Trump took to social media Thursday morning to support Elon Musk's car company, a startling development given their bitter public feud.

”I want Elon, and all businesses within our Country, to THRIVE,” Trump wrote on Truth Social, Reuters reported.

The post wasn't enough to help Tesla's stock, which fell sharply after the company reported another quarter of lackluster financial results and Musk warned of some potentially “rough quarters” into next year. At midday, the stock was down around 9%.

Late Wednesday, Tesla said revenue fell 12% and profit dropped 16% in the April-June quarter. Many prospective buyers have been turned off by Musk’s foray into right-wing politics, and the competition has ramped up in key markets such as Europe and China.

Investors have been unnerved by Musk's social media spat with the president because Trump has threatened to retaliate by ending government contracts and breaks for Musk's various businesses, including Tesla.

But Trump struck a starkly different tone Thursday morning.

“Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the US Government. This is not so!" Trump wrote. “The better they do, the better the USA does, and that’s good for all of us.”

After Trump's massive budget bill passed earlier this month, Tesla faces the loss of the $7,500 EV tax credit and stands to make much less money from selling regulatory credits to other automakers. Trump’s tariffs on countries including China and Mexico will also cost Tesla hundreds of millions of dollars, the company said on its earnings call.

Musk has blasted the budget bill on his own social media platform X for adding to US debt at a time when it is already too large. The Tesla CEO has called the budget pushed by the president a “disgusting abomination” and has threatened to form a new political party.

On Wednesday's call, Musk said the electric vehicle maker will face “a few rough quarters” as it moves into a future focused less on selling cars and more on offering people rides in self-driving cars. He also talked up the company's business making humanoid robotics. But he acknowledged those businesses are a ways off from contributing to Tesla’s bottom line.

Tesla began a rollout in June of its paid robotaxi service in Austin, Texas, and hopes to introduce the driverless cabs in several other cities soon. Musk told analysts that the service will be available to probably “half of the population of the US by the end of the year — that’s at least our goal, subject to regulatory approvals.”

“We’re in this weird transition period where we’ll lose a lot of incentives in the US,” Musk said, adding that Tesla “probably could have a few rough quarters” ahead. He added, though, “Once you get to autonomy at scale in the second half of next year, certainly by the end of next year, I would be surprised if Tesla’s economics are not very compelling.”