Amazon, Google named by EU among ’critical’ tech providers for finance industry

Bloomberg Intelligence's Mandeep Singh discusses the positive reception of Google's Gemini 3 artificial intelligence model, highlighting the factors contributing to its acclaim and implications for the company's stock performance. He shares insights during a segment on 'Bloomberg Tech' with Caroline Hyde and Ed Ludlow.

Sundar Pichai, CEO of Google, stated that the role of a CEO is among the 'easier things' that artificial intelligence (AI) could potentially replace. He highlighted that advancements in AI could assist individuals in making decisions regarding medical treatments and stock investments.

Loop Capital analyst Rob Sanderson has upgraded Alphabet's stock rating from hold to buy, raising the price target to $320. This marks a significant shift in Sanderson's stance, as he has previously been cautious about the company's performance. The upgrade reflects growing optimism in the market regarding Alphabet's prospects.

The European Commission has been accused of a significant rollback of digital protections following proposals to delay key aspects of the Artificial Intelligence Act and dilute data protection regulations. If implemented, these changes would allow tech companies to utilize personal data for AI model training without user consent and reduce the frequency of consent requests for online tracking.

On November 14, Google’s YouTube and The Walt Disney Company announced an agreement to restore Disney-owned networks on YouTube TV after a two-week blackout. This resolution allows millions of subscribers to regain access to popular channels such as ABC, ESPN, and The Disney Channel.

Zoox, an autonomous vehicle company owned by Amazon, has been developing a distinctive vehicle for the past decade. While competitors like Tesla's Robotaxi and Waymo attract significant media attention, Zoox's unique design and technology have remained relatively under the radar, yet they are memorable once seen.

Adobe has announced a $1.9 billion acquisition of Semrush, a software provider that assists businesses, including major companies like Amazon and TikTok, with search-engine optimization and marketing strategies. This deal highlights Adobe's commitment to enhancing its digital marketing capabilities.

The Netherlands has suspended its state seizure of the Chinese-owned chipmaker Nexperia, pausing a dispute that had threatened global car production. Dutch Economic Affairs Minister Vincent Karremans announced the decision, which aims to alleviate tensions between the EU and China over semiconductor supply chains.