Core Viewpoint - Alphabet is positioned as a leader in the AI infrastructure race, having developed its capabilities over the past decade, and is expected to widen its lead in the AI sector moving forward [2][9]. Group 1: AI Development and Infrastructure - Alphabet has been working on AI since 2011, establishing the Google Brain research lab and developing the TensorFlow framework, which is now widely used for training large language models (LLMs) [3][4]. - The company acquired DeepMind in 2014 and merged it with Google Brain in 2023, which contributed to the development of its Gemini LLM [3]. - Alphabet released its TensorFlow machine learning library in November 2015 and introduced tensor processing units (TPUs) in 2016, designed specifically for machine learning and AI workloads [4]. Group 2: Competitive Advantage - Alphabet's TPUs are now in their seventh generation, providing a significant performance and cost advantage over competitors who are just beginning to develop their own AI ASICs [5][6]. - The company benefits from a structural cost edge due to its combination of custom AI chips and foundational AI models, creating a flywheel effect that enhances its competitive position [6][7]. - By utilizing TPUs for training Gemini, Alphabet achieves better returns on capital expenditure compared to competitors relying on Nvidia's GPUs, allowing for reinvestment into further improvements [7]. Group 3: Market Position and Future Outlook - Alphabet's ownership of a world-class AI model enables it to capture the entire AI revenue stream, unlike competitors such as Amazon and Microsoft, which depend on third-party LLMs [8]. - The upcoming acquisition of cloud security company Wiz is expected to enhance Alphabet's ecosystem advantage [8]. - The company is positioned to be the big winner in the next phase of AI infrastructure due to its vertical integration and custom AI chips, making it a long-term buy despite its recent strong performance [9].

The results show a continuation of trends we had analyzed in previous quarters : cyclical decrease in size of the equity business, and sequentially of theLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying c ...

Litigation finance is having a bad year.After predicting huge growth as recently as January 2024, the industry is now finding that hedge funds and other sources of capital are pulling back. The situation has led some litigation finance firms to suspend fund-raising rounds, while others are exploring alternative paths to generate cash. The industry — a $20 billion market that channels capital from investors to lawyers chasing corporate malfeasance — faces an array of hurdles in the form of regulatory changes ...

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 01, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) (f/k/a Alternet Systems, Inc.) completed all regulatory processes to change the company’s ticker symbol from ALYI to MBAK on the OTCID market. This change became effective on 28 November 2025 where the company is now listed as OTC:MBAK. MBAK Energy Solutions, Inc. is engaged in the development, manufacturing, and commercialization of non-fossil fuel energy products. The comp ...

PARIS, FRANCE, 1 DECEMBER 2025 - It is with great sadness that Ipsen (Euronext: IPN; ADR: IPSEY) today announces that Henri Beaufour, Ipsen Board Member and a representative of the founding family, passed away on Friday, 28 November 2025. Henri Beaufour, together with his sister Anne Beaufour, played a pivotal role in supporting the company’s strategic direction and upholding the values established by the Beaufour family. The Board of Directors and Executive Leadership Team extend their heartfelt condolenc ...

OSLO, Norway (1 December 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of an OBN contract in Europe. The company’s node-on-a-rope crew is scheduled to mobilize early May 2026, and the contract has a duration of approximately 60 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure our first OBN contract for the 2026 season in Europe. The European market currently has several tenders for OBN projects planned for 2026, and our goal i ...

WISeKey, SEALSQ and WISeSat.Space Successfully Launch Their New Satellite Aboard SpaceX Mission   Geneva, Switzerland, December 1, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, in cooperation with its subsidiaries, SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, and WISeSat.Space (“ ...

Geneva, Switzerland, December 1, 2025 - Addex Therapeutics (SIX and Nasdaq: ADXN), a clinical-stage biopharmaceutical company focused on developing a portfolio of novel small molecule allosteric modulators for neurological disorders, today announced that it will report its Third Quarter 2025 Financial Results on December 4, 2025. Tim Dyer, CEO and Mikhail Kalinichev, Head of Translational Science, will provide a business update and review of the Addex product pipeline during a teleconference and webcast for ...

Nokia CorporationStock Exchange Release1 December 2025 at 8:00 EETNokia Corporation’s Financial Calendar for 2026 Espoo, Finland – In this stock exchange release, Nokia provides its 2026 financial calendar, which includes the planned publication dates of its financial reports. Planned publication dates for Nokia's financial reports in 2026: report for Q4 and full year 2025: 29 January 2026interim report for Q1 2026: 23 April 2026report for Q2 2026 and half year 2026: 23 July 2026interim report for Q3 2026 a ...

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR Marcelo Lu to join Clariant in January 2026 as President Designate for Care Chemicals & Americas and Member of Executive Steering CommitteePlanned succession following Christian Vang's upcoming retirement in 2026Christian Vang to remain in Advisory Capacity for six months following transition MUTTENZ, DECEMBER 1, 2025  Clariant, a sustainability-focused specialty chemical company, today announced a planned leadership transition within its Business Unit Care Chemica ...