Google

Valuation $23B

About Google

Google is a multinational corporation that specializes in Internet-related services and organizes the world’s information.
Headquarters Google, Mountain View
Founded 1998-01-01
Industry Apps, Artificial Intelligence (AI), Cloud Storage, Information Technology, Office Administration, Search Engine, SEO, Software
Last Funding Type Convertible Note
Valuation 23
Total Funding $26.10 million dollars
IPO Status Public

Financial

Google reported another quarter of accelerating growth, leading to an increase in its stock price. The company also invested $2.3 billion in Ohio to enhance its technical infrastructure. Despite these positive developments, Google cut at least 100 jobs in its fast-growing cloud unit.

Google is advancing in several areas of technology. They are developing an automated assistant capable of generating responses and controlling cameras based on user conditions, enhancing user interaction with applications. In quantum computing, Google is working on error mitigation techniques like virtual distillation to improve quantum state accuracy. They are also exploring generative neural networks for video creation, and machine learning architectures for efficient data processing. Additionally, Google is enhancing speech recognition with contextual biasing and visual search capabilities.

Google Workspace enhances security with new authentication requirements starting September 30, aiming to limit access from insecure devices and apps. Additionally, the integration of Gemini AI across its apps, including Gmail, Docs, and Drive, offers advanced features like email summarization and smart responses, primarily targeting education sectors and paid users. Significant updates also include speed improvements in Google Sheets and the introduction of AI-powered video creation tool, Vids, for Workspace Labs users.
Funding Rounds 3
Number of Lead Investors 3
Total Funding Amount  $26.10 million dollars
Number of Investors 13

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