Alphabet Inc Class CGemini app surpasses 1 billion monthly users, a major adoption milestone for Alphabet.
Google CEO Sundar Pichai announced that the Gemini app has surpassed 1 billion monthly users, making it the company's 14th product to reach that milestone and its fastest-growing product. Separately, shares of Samsung Electronics and SK Hynix jumped about 8% in South Korea after a report that Singapore sovereign wealth fund Temasek plans to invest directly in both chipmakers, helping push the KOSPI more than 4% higher. The Pentagon launched the Golden Dome Hub, a portal to provide companies with information on contracting opportunities tied to the planned $185 billion missile-defense program, aiming to attract commercial technology firms and smaller defense contractors. Senator Bernie Sanders called on OpenAI, Anthropic, and Meta to freeze development of advanced AI models, citing risks the technology may pose. New York City lawmakers introduced the Delivery Protection Act, which would require certain last-mile delivery companies to directly employ workers instead of using third-party subcontractors, with Amazon as the main target and FedEx and UPS also potentially affected.
Alphabet Inc Class CGemini app surpasses 1 billion monthly users, a major adoption milestone for Alphabet.
Samsung Electronics Co LtdTemasek plans to invest directly in Samsung Electronics, boosting shares.
Amazon.com IncNew York City's Delivery Protection Act targets Amazon, requiring direct employment of delivery workers.
Meta Platforms Inc.Senator Sanders calls for freeze on advanced AI models, potentially impacting Meta's AI development.
FedEx CorporationFedEx potentially affected by New York City's Delivery Protection Act requiring direct employment.
United Parcel Service IncUPS potentially affected by New York City's Delivery Protection Act requiring direct employment.
SK Hynix IncTemasek plans to invest directly in SK Hynix, boosting shares.
Temasek plans direct investments in chipmakers, a capital move.
Senator Sanders calls for AI freeze, but Anthropic not directly targeted.
Senator Sanders calls for AI freeze, but OpenAI not directly targeted.