Google-Parent Alphabet Tops Expectations With $18.9 bn Quarterly Profit

Google announced booming quarterly profits. Kirill KUDRYAVTSEV AFP
Google announced booming quarterly profits. Kirill KUDRYAVTSEV AFP
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Google-Parent Alphabet Tops Expectations With $18.9 bn Quarterly Profit

Google announced booming quarterly profits. Kirill KUDRYAVTSEV AFP
Google announced booming quarterly profits. Kirill KUDRYAVTSEV AFP

Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform that give it extensive global influence.

Alphabet revenue of $65.1 billion in the recently-ended quarter eclipsed the same period last year by some 41 percent, according to the tech titan.

"This quarter's results show how our (artificial intelligence) investments are enabling us to build more helpful products for people and our partners," said Sundar Pichai, CEO of Alphabet and Google.

"As the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate," he added.

The surge in Alphabet's earnings comes as the tech giant faces increased scrutiny from regulators regarding its power, according to AFP.

Google is among internet giants in the crosshairs of regulators and critics concerned about whether they unfairly dominate markets and fend off competition.

South Korea's antitrust watchdog fined Google nearly $180 million in September for abusing its dominance in the mobile operating systems and app markets, it said, the latest in a series of regulatory moves against tech giants around the world.

Google also reportedly faces the threat of a new antitrust lawsuit from US officials over the Silicon Valley giant's power in the online advertising market.

The latest figures build on the pandemic trend that has seen an acceleration in people using the internet for shopping, work, learning and entertainment.

Alphabet reported quarterly profit in July that had nearly tripled, as money poured in from ads on its search engine and YouTube video platform.

One area the giant has struggled is the smartphone handset market, and in October Google launched new Pixel 6 smartphones, its latest attempt to field a champion.

Smartphone sales are dominated by Apple and South Korean electronics colossus Samsung, but Google is aiming to expand its single-digit market share with the newest Android-powered Pixel line.

Google touted the phones as completely "reimagined" during a presentation in which it pointed to security, speed, style and sophisticated software capabilities.

Samsung was the top smartphone vendor with 23 percent of the market, while Apple was second with 15 percent and Chinese firm Xiaomi on its heels with 14 percent, Canalys reported.



EU Vows AI Rules Will Protect Europeans. Will They?

Humanoid and quadruped robots attend a demonstration calling for the regulation of AI development in Warsaw in September. Sergei GAPON / AFP/File
Humanoid and quadruped robots attend a demonstration calling for the regulation of AI development in Warsaw in September. Sergei GAPON / AFP/File
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EU Vows AI Rules Will Protect Europeans. Will They?

Humanoid and quadruped robots attend a demonstration calling for the regulation of AI development in Warsaw in September. Sergei GAPON / AFP/File
Humanoid and quadruped robots attend a demonstration calling for the regulation of AI development in Warsaw in September. Sergei GAPON / AFP/File

AI agents going rogue and ever-louder doomsday warnings have led many in Europe to wonder: are the EU's artificial intelligence rules enough to protect against the potential dangers?

The European Union insists that, yes, its law known as the AI Act is powerful enough since it forces companies to assess and mitigate risks, under threat of massive fines or even bans, AFP said.

EU lawmakers, officials and experts appear more skeptical, pointing to gaps in the rules and questioning whether Brussels has the stomach for a fight with AI labs.

The EU agreed its sweeping AI legislation in 2024 but delayed part of its implementation, and enforcement has only been possible since August this year.

Nonetheless, EU spokesman Thomas Regnier says the rules are "fully fit for purpose".

"You can feel safe at home in Europe, precisely because we have put all these safeguards in place," he said.

So far the EU has sent over 30 requests for information -- a preliminary step that can lead to investigations -- to companies on issues from copyright to cybersecurity and safety.

Brussels says its rules are working since they have already forced AI providers to cough up information to regulators, though Regnier declined to give details.

There are, however, questions about Europe getting access to the latest models: it took months for the EU to test Anthropic's Mythos following US export control orders.

Speaking on condition of anonymity, an EU official admitted such an issue could arise again.

- 'Dangerous experiments' -

EU chief Ursula von der Leyen has proposed talks with the main frontier labs to "pace" the technology's growth, arguing the AI Act puts Europe "in the position to shape global efforts" at regulation.

But that is a tall order without buy-in from the United States -- where President Donald Trump firmly opposes regulating the sector.

And not everyone is convinced the EU law has what it takes.

Four EU lawmakers including lead AI Act negotiator Brando Benifei warn of "legislative gaps" after the EU shelved plans for AI liability rules.

Such rules would have made it easier to hold AI providers accountable for harm caused by their tools.

The lawmakers argue current rules do "not apply to the research, testing or development phase" leaving Europeans "unprotected".

The European Commission rejects the claim.

The law can be "enforced against any provider, starting from the testing phase, if they experience a loss of control that affects the EU's internal market," including cyberattacks and biological or chemical misuse, Regnier said.

Researcher Harshvardhan Pandit echoed lawmaker concerns about liability in the bloc.

"We are missing these pieces of accountability, and if we don't fix this now and we get more of these incidents, this is only going to get worse," said Pandit, of AI Accountability Lab in Trinity College Dublin.

If a model ends up hacking a website, once AI providers have sold their tools, Pandit said "we don't know" who is ultimately responsible.

But he also said the AI Act requires developers "to have addressed" safety risks by the time a model reaches the market, noting that recent incidents including with OpenAI agents happened during testing.

And he noted the EU has other laws to counter risks, including on cybersecurity and data protection.

- US influence -

EU lawmaker Benifei said the AI Act correctly anticipated the threat of agents going rogue, but raised concerns about enforcement -- including that staffing levels at the EU's AI Office are nowhere near enough to match the risks.

"The European Commission must guarantee the office political backing, operational independence, resources, and technical staff to quickly deliver decisive enforcement," Benifei told AFP.

Analyst Pandit agreed the AI office needed "far more people and technical expertise".

The office currently employs around 125 staff.

And there is the question of whether the EU has the appetite for taking on AI providers, most of which are US-based.

Brussels has already drawn Washington's ire with probes under different laws, culminating in fines worth billions of dollars.

The EU official admitted the bloc may think twice before enforcing its full powers against American firms, considering Europe's dependence on US tech.

One way to have greater influence over AI safety, the official said, was to build its own technology.

"Europe must also build capabilities, from chips and cloud to a publicly funded CERN for AI," Benifei echoed, referring to the European physics lab in Switzerland that seeks to unravel the universe's composition.

He also said the EU, as von der Leyen pledged last month, should "work more closely with middle powers like Canada, which share an interest in rules that no power or company can dictate".


Nvidia-Backed Reflection Unveils First AI Model to Take on Chinese Open Models

An NVIDIA logo appears in this illustration taken August 25, 2025. (Reuters)
An NVIDIA logo appears in this illustration taken August 25, 2025. (Reuters)
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Nvidia-Backed Reflection Unveils First AI Model to Take on Chinese Open Models

An NVIDIA logo appears in this illustration taken August 25, 2025. (Reuters)
An NVIDIA logo appears in this illustration taken August 25, 2025. (Reuters)

Nvidia-backed Reflection ‌AI debuted its first open-weight model named Beam on Monday, as the startup aims to compete with lower-cost Chinese models such as DeepSeek and Kimi in coding and agentic tasks.

Reflection said Beam is competitive with Chinese AI startup Z.ai's GLM-5.2 and is closing in on Qwen3.8-Max on coding and agentic ‌tasks.

The startup ‌said ⁠that Beam contains ⁠501 billion total parameters, or variables that determine how an AI system processes information, but activates only 23 billion for each task to make the model faster and cheaper to ⁠run by using only part of ‌its network for ‌each task.

Comparatively, Z.ai's GLM-5.2 has ‌about 744 billion total parameters with 40 ‌billion active parameters.

The launch comes as US tech firms are trying to fend off competition from Chinese open-weight ‌models that are cheaper, more customizable and capable of generating code ⁠nearly ⁠as well as leading models from OpenAI and Anthropic.

Founded in 2024 by former DeepMind researchers Misha Laskin and Ioannis Antonoglou, Reflection develops tools that automate software development, a fast-growing use case for AI.

Earlier this year, Reflection signed a deal with SpaceX for additional computing capacity at the Elon Musk-led company's Colossus 2 data center.


Pinterest Taps Amazon Veteran James Dibbo as CFO

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. (Reuters)
A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. (Reuters)
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Pinterest Taps Amazon Veteran James Dibbo as CFO

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. (Reuters)
A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. (Reuters)

Pinterest ‌said on Monday it has appointed Amazon executive James Dibbo as its chief financial officer, effective October 26.

Dibbo, 56, who will succeed Julia Donnelly at Pinterest, has led finance for the e-commerce giant's Ads, Prime ‌Video and Amazon ‌MGM Studios businesses ‌among ⁠others.

Shares of Pinterest were down about 1% in extended trading.

"James has led complex global businesses at scale, helped build ⁠high-performing teams and ‌understands the ‌intersection of consumer experience, shopping, advertising ‌and technology," Pinterest CEO Bill ‌Ready said.

The company had said in August that Donnelly would depart on October ‌30.

Donnelly, who is leaving to pursue a ⁠new ⁠opportunity at a private, early-stage company, joined Pinterest in 2023.

The image-sharing platform had forecast slower third-quarter revenue growth as it navigates a highly competitive digital advertising market dominated by larger players such as Meta's Instagram and Facebook.