TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Former Google CEO and soon to be former Alphabet executive chairman Eric Schmidt just announced his decision to step down from his current role in the company. Schmidt has been the company’s top boss for a decade before he vacated the throne in 2011. He was central to the transition of Alphabet from Google and has been leading its board since it was founded. He will be staying on as an adviser going forward.
Schmidt’s decision to give up his seat as the leader of Alphabet’s board was announced via press release to focus instead on the company’s science and tech divisions. Current Alphabet CEO Larry Page had warm words for his predecessor, expressing excitement over his future contributions to the company.
“Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology,” Page said. “Continuing his 17 years of service to the company, he’ll now be helping us as a technical advisor on science and technology issues. I’m incredibly excited about the progress our companies are making, and about the strong leaders who are driving that innovation.”
The contributions that Schmidt made to Google’s success cannot be emphasized enough. He basically turned what was basically a side-project into one of the world’s biggest and most successful tech giants, Recode reports. This was largely due to his expertise in engineering and his considerable experience in being a software executive.
Alphabet is expected to replace Schmidt with a “non-executive chairman” at some point next year. In any case, he is confident that the company will do well even without him at the helm.
“Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition. The Alphabet structure is working well, and Google and the Other Bets are thriving,” Schmidt said. “In recent years, I’ve been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work.”
