In its Q3 earnings, Alphabet said the profit included "net gains on equity securities of $10.7B," in part from a private company, which sources say is Anthropic (Bloomberg)
PositiveArtificial Intelligence

Alphabet's recent Q3 earnings report revealed a significant profit boost, largely attributed to net gains on equity securities amounting to $10.7 billion. This impressive figure is partly due to their investment in Anthropic, a private company that has garnered attention in the tech industry. This news is important as it highlights Alphabet's strategic investments and their impact on financial performance, showcasing the potential for growth in AI and technology sectors.
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