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Tech News
Alphabet reported 25% revenue growth to $127.6bn and a 103% jump in Google Cloud revenue, but quarterly profit fell 25% and free cash flow turned negative by more than $9bn, roughly double the prior quarter's shortfall. The company's market value dropped from $3.97tn to $3.46tn as its stock fell nearly 13% on Thursday, one of its worst single-day showings this year.
Google published a changelog detailing a wave of fixes to its Home app and Gemini assistant, addressing issues like Gemini falsely claiming it misunderstood unspoken commands, incorrect alarm volume settings, and confusion between timers and sleep timers. The update also includes improvements for YouTube TV voice commands on smart displays and better handling of Matter-connected smart plugs.
Strava has expanded its AI assistant integrations to include Google Gemini, following a similar rollout with Anthropic's Claude months earlier. Subscribers who connect their Strava account to Gemini can ask natural-language questions about their training history, such as pace trends, race performance, or how strength training affects running, with the integration described as optional and read-only.
Amazon Web Services reported third-quarter revenue of $45.98 billion, a 39% year-over-year increase that topped the $45.29 billion analysts had expected, according to the company's statement. Operating income for the segment rose 55% to $17.77 billion, also exceeding forecasts, and AWS now represents nearly 23% of Amazon's total revenue, a record share.
Reddit reported third-quarter revenue of $895 million and EPS of $1.40, both above analyst estimates, but gave weak fourth-quarter sales guidance that sent shares down more than 15%. CEO Steve Huffman said the company will begin testing a requirement for all users to create accounts to access the site, starting outside the U.S. in the fourth quarter, with no firm timeline for a full rollout.
Alphabet's stock dropped significantly on October 29, pulling the Nasdaq down with it, after third-quarter earnings showed Google Services revenue of $96.3 billion, below Wall Street's $98.5 billion estimate. Search revenue growth slowed to 12% year over year, down from 17% in Q2 and 19% in Q1, while operating expenses rose and free cash flow turned negative as the company increases spending on data centers and AI models.
Google has resolved a Google Photos bug that kept edited images from appearing in the image picker used by other Android apps, such as messaging and social media services. The issue, which surfaced over the summer, mainly affected users who overwrote originals rather than saving edits as separate copies. Reports from APK Mirror's Artem Russakovskii and 9to5Google confirm the fix is now live.
Google is rolling out advertisements within AI Mode search results to Australia, Canada, India, Kenya, Malaysia, New Zealand, Nigeria, Pakistan, the Philippines, and Singapore, with Brazil, Mexico, and the UK to follow later this year. In the US, Google is introducing 'multiturn' ads that can appear across follow-up queries, not just the initial search.
Google has released a broad batch of software updates for its smart home hardware lineup, including Nest Wifi and Wifi Pro routers, HD and 4K Chromecast with Google TV, and its smart speaker range (Google Home Speaker, Nest Audio, Nest Mini). The updates mostly focus on bug fixes and stability, with specific improvements like better DNS handling and mesh performance on Wifi devices, an August 2026 security patch for Chromecast, and fixes for Wi-Fi 7 and WPA3 issues plus smoother playback on speakers.
Alphabet shares suffered their worst single-day decline on record after investors reacted negatively to the company's latest quarterly results. The selloff wiped out roughly half a trillion dollars in market capitalization in one trading session.
A developer published 'dontallow', a small Swift utility that automatically clicks 'Don't Allow' on macOS's recurring 'find devices on local networks' prompt. The tool runs with no CPU usage while idle and persists across reboots, requiring a single Swift file and no external dependencies. According to the creator, the prompt resurfaces repeatedly because Chromium-based browsers like Chrome, Brave, Edge and Arc relaunch from randomized temp paths each time, causing macOS to treat them as new apps needing a fresh permission decision.
Alphabet shares fell sharply after Q3 earnings showed its AI Mode search feature generates less revenue than traditional search, even though overall search revenue rose 12% year-over-year to $63.25 billion. At its lowest point, Alphabet lost roughly $524 billion in market value, the second-largest single-day loss for a US-listed company ever, behind only Nvidia's drop in January 2025. Bespoke Investment Group noted it marks Alphabet's steepest post-earnings decline since going public in 2004.