TNB Tech Minute: Google Discloses 6% Stake in SpaceX

**SPEAKER_1** (0:00)
Planning for retirement and all the things that go with it can be stressful. That's why Fisher Investments partners with you to understand your unique goals and needs so that they can build a tailored plan that helps you achieve a comfortable retirement. Whether you need help with financial planning, estate planning, tax optimization, or social security, Fisher has specialists to help. Fisher Investments. Now that's clearly different wealth management. Learn more at fisherinvestments.com.
Investing in securities involves the risk of loss.

**Imani Moise** (0:32)
Here's your afternoon TNB Tech Minute for Thursday, July 23rd. I'm Imani Moise for the Wall Street Journal. Alphabet said it owned $94.1 billion worth of SpaceX shares, about a 6% stake in the newly public company. That's according to a quarterly filing published today. Google has a long history of investing in SpaceX. In May, the Wall Street Journal reported the two companies were discussing a rocket launch deal to help develop orbital data centers. SpaceX CEO Elon Musk has expressed interest in the unproving technology.
The European Union fined Alphabet's Google about $1 billion for breaching its digital competition rules. The block's executive arm said today that Google unfairly favored its own services on its widely used search engine and that the company imposed restrictions on app developers, preventing them from freely steering users and other offers outside of the company's play store. Google said the EU's rules are making its product offerings in Europe worse. The move risks aggravating trade tensions with the Trump administration, which has repeatedly lashed out at the EU over its tech regulations, as it prepares new tariffs on foreign goods.
And two US. Congress members have introduced bipartisan legislation that would require AI developers to maintain the ability to slow down, suspend and shut down models if they pose serious risks. The proposal, dubbed the AI Kill Switch Act, comes after OpenAI disclosed that two of its systems escaped a testing environment and compromised systems at another company, Hugging Face. The bill would give the Homeland Security Department authority to order companies to take emergency action against AI systems that could cause catastrophic harm. It would generally cover AI systems developed using more than $100 million worth of computing power and companies that generate at least $500 million in annual revenue from those systems.
And that's it for your TNB Tech Minutes. For a deeper dive into what's happening in tech, check out Friday's Tech News Briefing podcast.

**SPEAKER_1** (2:33)
What happens when work becomes too much work? The disconnected systems, the updates, the scramble to make every customer feel like your only customer. But right now, Virgin Voyages is using Gemini Enterprise to turn millions of data points into a virtual concierge that fields endless guest questions, so crew members can focus on world-class hospitality at sea. No more digging, scrolling or scrambling. Work is less work with Gemini Enterprise from Google Cloud.