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finance4 days ago•19 min saved

Google-Backed Marvell Pushes Ambitious Valuation Talk in AI Infrastructure

Yahoo Finance reports that Google's expanded custom-silicon deal with Marvell (MRVL) includes a warrant to buy up to 58.97 million MRVL shares potentially worth about $12.2 billion, fueling chatter that Marvell could approach a $1 trillion valuation if ongoing AI-infrastructure wins align; analysts caution the $1T scenario is far from guaranteed and would require multiple large hyperscaler contracts and years of execution, noting a preliminary valuation based on current revenue multiples would be far lower (around hundreds of billions).

via Yahoo Finance|

#ai-infrastructure #alphabetgoogle #finance

technology17 days ago•6 min saved

Hassabis Steps Back as DeepMind CEO, Koray Kavukcuoglu Named to Lead DeepMind

Demis Hassabis will relinquish day-to-day duties as Google DeepMind’s CEO to become chair and chief scientist at Alphabet, with Koray Kavukcuoglu named senior vice-president to lead DeepMind. The move signals tighter US control, comes amid Gemini competition and staff concerns over Pentagon collaborations, and follows Jeff Dean’s departure to form Discovery Loop. Hassabis has urged a US safety body for cutting-edge AI as the industry faces a pivotal, potentially AGI-tinged moment.

via The Guardian|

#alphabetgoogle #deepmind #demis-hassabis

technology1 month ago•3 min saved

Google’s SpaceX windfall fuels near $100B unrealized gains, but AI race looms

Alphabet’s early SpaceX stake is now worth about $94.1B, contributing to nearly $100B in unrealized gains as SpaceX’s valuation nears $1.5T after its IPO; Google also backs Anthropic and Databricks. Despite the windfall, earnings questions centered on capex and AI progress, with revenue up ~25% and the stock slipping ~1.2% as executives avoided discussing the investments on the call.

via Business Insider|

#ai-investments #alphabetgoogle #spacex

business4 months ago•26 min saved

Google’s SpaceX stake could surpass most companies if SpaceX IPO reaches trillions

Google’s roughly 6.1% stake in SpaceX could be worth about $122 billion if SpaceX hits a $2 trillion valuation in its upcoming IPO, a level that would outsize many public companies; SpaceX’s private value has surged to about $1.25 trillion after its xAI merger, with reports that the IPO could raise around $75 billion at a $1.75 trillion valuation (some outlets rate it at $2 trillion). Alphabet/Google’s stake has shrunk since the 2015 investment with Fidelity, Musk still owns about 40% of SpaceX, and Google also maintains ties to Anthropic, another mega-IPO candidate.

via MarketWatch|

#alphabetgoogle #business #initial-public-offering