Consumer Tech Weekly Roundup Covers Earnings, AI and Product News
A consumer technology roundup covers reported results, AI developments, product announcements and other corporate news from Oct. 12–16.
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Alphabet to roll out a new AI model, BI report
TradeXchange Newsdesk says Alphabet (GOOGL) plans to roll out a new AI model, citing BI.
Alphabet Inc. sued over alleged Gemini AI model launch delay
Alphabet Inc. (GOOGL/GOOG) faces a class action lawsuit alleging it failed to disclose that its Gemini 3.5 Pro AI model was delivering disappointing training results and would be significantly delayed. The lawsuit covers the period from May 19, 2026, to July 16, 2026. Investors have until December 1, 2026, to request l
Bulls and Bears: Alphabet, Micron, Nike
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks ended the week mixed as a weaker-than-expected September jobs report eased concerns about another Federal Reserve rate hike, helping technology shares rebound. The S&P 500 fell 0.3% for
EXCLUSIVE — Anthropic considers releasing new AI model ahead of IPO, sources say
Anthropic weighs launch timing as OpenAI's GPT-6 Astra gains business traction, sources say Astra accounts for about 13% of enterprise AI spending tracked by Ramp, versus 8% for Claude Fable Anthropic could push IPO to after November US midterm elections, two people familiar say By Echo Wang, Krystal Hu and Milana Vinn
Meta settles social media case, books $10 billion charge
Meta Platforms reached an $18 billion settlement with 29 U.S. state attorneys general over allegations tied to Instagram and Facebook design features, will record a $10 billion third-quarter legal charge, and kept July guidance unchanged.
Google seeks approval to buy Spirit Airlines data for $10 million
Google reportedly agreed to buy internal business data from bankrupt Spirit Airlines for $10 million for product development and AI model training, with a judge set to consider the sale Wednesday.