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Express News | Alphabet CEO Pichai sold 22,500 shares of stocks and earned $4.2 million.
Technology stocks are the biggest winners in the first half of the year, how does the US stock market view the future?
In the first half of 2024, the US stock market continued to rise, with the Dow Jones Industrial Average up 3.93% and the S&P 500 index far exceeding historical average gains. The Nasdaq index has repeatedly hit new highs and is still leading the US stock market.
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The AI wave has driven the amount of risk investment in the USA to a new high in nearly two years, while the exit activity has continued to be sluggish.
In the second quarter of 2024, the amount of venture capital in the USA reached $55.6 billion, a 47% increase compared to the previous period and also the highest in the past two years. However, the continued slump in exit activities also poses challenges to the sustainability of VC financing and subsequent investments.
Express News | Google's carbon emissions have increased by nearly 50% in the development of AI over the past 5 years. Is AI the nemesis of global net zero emissions?
Alphabet has closed its agriculture AI technology subsidiary, Mineral, due to intense industry competition and thin profits.
On July 4th, Guo Leng Hui reported that Alphabet, Google's parent company, closed its agricultural AI technology company Mineral. It is reported that Mineral was incubated by X Laboratory, which gave birth to projects such as Waymo, and became an independent subsidiary of Alphabet at the beginning of 2023. The company's goal is to analyze agricultural data through AI and robotics technology, achieve precise and clear field management, sustainably increase food production, and deal with the food supply crisis caused by climate change. Mineral has developed a "field off-road" that can take high-definition photos of crops.