Alphabet Stock News

Why Alphabet Stock Tumbled on Thursday

The Consumer Financial Protection Bureau reportedly aims to place Google under formal federal supervision. The Washington Post reported Thursday (Nov. 14) and said in a post on social platform X that the move “could subject the technology giant to the regular inspections and other rigorous monitoring that the government imposes on major banks.

Alphabet Inc (NASDAQ:GOOG)'s search giant Google could soon find itself subject to direct federal supervision under a legal framework typically reserved for financial services firms. According to a report by The Washington Post, the Consumer Financial Protection Bureau (CFPB) wants its monitoring and inspection powers broadened to encompass Google's financial operations.

Alphabet's Google on Thursday released a smartphone app for its artificial intelligence chatbot on Apple's App Store that introduced the latest generation of its voice assistant to the popular mobile operating system.

Francois Chollet, a leading figure in the AI world, is leaving Google after close to a decade.

Key Points: Except for Russia and China, Google (NASDAQ: GOOG) has controlled the search engine business globally; but now it faces fierce new competition.

The U.S. Consumer Financial Protection Bureau (CFPB) has taken steps to put Alphabet's Google under formal federal supervision, the Washington Post reported, potentially mounting yet another regulatory challenge for the Big Tech giant.

African governments should give fibre optic cables greater protection from attacks and harmonize policies around layouts to encourage the development of tech infrastructure, a Google executive said on Thursday.