$GOOG (2:05 p.m. EST): $1,189.27 (↑ 0.19 %) // More
Google engineers have been working on a successor to Android. For the past two years, company engineers have reportedly been working on “Fuchsia,” which is being designed to better accommodate artificial intelligence, voice interactions and frequent security updates. Google has also begun to experiment with applications for the system, such as interactive screen displays and voice commands for YouTube. The mobile OS is also being designed to look uniform across a range of devices, from IoT sensors to laptops. There is no indication if or when Google would release the OS. According to a recent analysis by Consumer Intelligence Research Partners, Apple’s iOS continues to grow over Android. — BLOOMBERG
Alphabet’s GV reportedly uses an algorithm to approve investments. Axios reports that Google’s venture arm uses an algorithm to effectively permit or prohibit new and follow-on investments. The algorithm is programmed with market data, which returns a traffic light-like output, in green, yellow and red. According to Axios, the algorithm was initially designed to help with due diligence, but has largely become a de facto investment committee. GV declined to comment on the story. GV has closed recent investments in Lime, Peerspace and Viz.ai.— AXIOS
Facebook’s employee force may switch back to Google apps. At the moment, Facebook is using Microsoft’s enterprise office applications, in combination with other services, including Salesforce’s Quip. The company reportedly is exploring a switch to Google apps. In 2011, Facebook CEO Mark Zuckerberg ordered his employees to stop using Google products. This was around the same time Google launched its Google+ social network. — THE INFORMATION
Google has made changes to its fraud response process. The change comes weeks after a customer posted on Medium how customer service bots shut down his service and nearly deleted all of his data because of an error. To improve the service, Google has added more humans to its fraud-detection process. This will allow account owners mistakenly accused of fraudulent activity the ability to speak with a person 24 hours a day. – BI
Google Cloud Platform suffered issues earlier this week, causing outages at a number of online services. Platforms including Snapchat, Spotify and Discord were all affected on Tuesday, along with websites like Breitbart and The Drudge Report. Google said all issues were resolved around 3:45 p.m. EST. Some sites were offline for about half an hour, although outage times varied. Other apps affected include Agile CRM, Instapage, Pivotal Tracker, Sourcegraph and PokemonGo. — CNBC
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