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Google's parent company Alphabet's stock price has plummeted significantly, and the cost of its debt default insurance has risen. The disappointing earnings report has intensified market concerns about its large-scale investments in artificial intelligence through debt.The price of five-year credit default swaps (CDS) rose by 5.3 basis points, reaching 84 basis points per year, the highest since September 21.

Google has launched a Multi-Party Computation (MPC) custody platform aimed at banks and financial institutions to protect cryptocurrencies and tokenized assets. The platform disperses shares of private keys across different environments, preventing any single participant from having complete control over the private key; before transaction signing, it can also verify spending limits, approved addresses, and multi-party authorization requirements according to institutional rules.This service is currently in a private preview phase and is planned to be commercially available in early 2027. Google stated that several large financial institutions are participating in the testing; Alphabet has used this technology to protect its digital assets on Solana and Ethereum, but has not disclosed the list of held assets or testing institutions.

Android Authority reported on October 27 that it discovered a developing Overseas QR payments setting in Google Wallet version 26.42.1003171897. The "Learn more" link within this setting points to the Google Wallet support page, where this feature is referred to as Traveler QR.Google explains on the support page that relevant options will automatically appear when the phone detects that the user is in a covered area. Currently, the only explicitly named destination on the page is Singapore, corresponding to the Alipay+ partner network. Android Authority notes that Alipay is primarily used in China, while Alipay+ connects various payment systems across Southeast Asia. This discovery comes from the disassembly of the application installation package, and the features that appear in the disassembly may not necessarily make it into the public version. There has also been no official announcement regarding the release of Traveler QR yet.

Google's parent company Alphabet released its third-quarter financial report early this morning, and its stock price fell nearly 10% in after-hours trading.Possibly influenced by market fluctuations, according to CoinGlass data, the total open interest for GOOGL contracts across the network increased by 64.32% in the past 24 hours, with the current open interest valued at approximately $637 million; among them, the open interest for Bitget GOOGL contracts reached $52.6894 million, with a 24-hour increase of over 69%.

Alphabet, Google's parent company, announced its third-quarter financial report for 2026 in the early hours of October 29, Beijing time. The quarterly revenue was $127.6 billion, a year-on-year increase of 25%, achieving double-digit growth for the 13th consecutive quarter, with an annualized revenue run rate of $500 billion. Revenue slightly missed Wall Street expectations, and net profit declined year-on-year, overall falling short of market expectations.Google Cloud revenue grew 103% year-on-year to $30.7 billion, a record increase, mainly driven by demand for enterprise AI infrastructure, AI solutions, and TPU-related needs. Google Services revenue increased by 11% to $96.3 billion, with search and other advertising revenue growing by 12% year-on-year, and YouTube advertising revenue increasing by about 9% to $11.2 billion. The company stated that the year-on-year growth rate of search queries was the highest in nearly five years, with AI-related features contributing to increased usage.Net profit attributable to common shareholders was $26.2 billion, a year-on-year decrease of about 25%, with earnings per share of $2.12. The profit decline was mainly affected by losses from equity securities investments, with related losses for the quarter amounting to about $8.7 billion, whereas this item had contributed significantly to profits in the same period last year. Operating profit increased by 30% year-on-year to $40.6 billion, with an operating margin rising to 31.8%. The free cash flow for the quarter was negative, and the full-year capital expenditure guidance remained at $195 billion to $205 billion. After the financial report was released, Alphabet's stock price fell by 9.84% in after-hours trading.

Alphabet's third-quarter earnings report was disappointing, causing its stock price to drop by more than 10% in after-hours trading. Warren Buffett's last major investment during his tenure as chairman of Berkshire Hathaway performed poorly.Berkshire purchased $10 billion worth of Alphabet stock at around $350 per share in early June. As of June 30, Berkshire held 106 million shares, which, based on the after-hours stock price, is valued at approximately $30 billion, down from the peak of $37 billion in June.

Google (GOOG.O) collaborates directly with Anthropic on TPU and partners with Broadcom (AVGO.O).

Alphabet (GOOG.O) CEO Sundar Pichai stated that the new AI model Carbon is Google's strongest model.

According to Gate market data, Google (GOOG.O) fell over 7% in after-hours trading.

In Q3 2026, Alphabet's Google Cloud business revenue was $30.71 billion, while the market expectation was $29.566 billion.

Google and Microsoft will announce their financial reports after the U.S. stock market closes.

Google (GOOG.O) launched the Gemini 4 Carbon cutting-edge model.

According to CoinDesk, Google has announced a crypto asset custody security product called Google Multi-Party Compute (MPC) aimed at banks and other financial institutions. This product is currently in private preview, with several large financial institutions participating in testing, and it is planned to be commercially available in early 2027.The system decentralizes control of private keys across multiple independent systems, reducing the risk of single-point theft through collaborative signing. Google's parent company Alphabet has used this technology to protect its digital assets on Ethereum and Solana, but the specific types of assets and the list of financial institutions participating in the testing have not been disclosed.

According to CoinDesk, Google will launch its Google Multi-Party Compute (MPC) security service at the first digital asset seminar held in New York on Wednesday, helping financial institutions such as banks to store and transfer cryptocurrencies and tokenized assets.The product is currently in a private preview phase, with several financial institutions testing it. Its parent company, Alphabet, has used it to protect its digital assets on Ethereum and Solana, with plans for commercial use in early 2027, and pricing has not yet been disclosed. The system splits private keys into multiple shards, which are stored across different systems, requiring checks against pre-set institutional rules before transaction signing, and supports ECDSA and Ed25519 algorithms.

According to First Financial News, the Korea Communications Commission (KMCC) has determined that Google and Apple violated the Telecommunications Business Act by enforcing in-app payments, and has decided to impose a total fine of 63.7 billion Korean Won on the two companies. Among them, Google was fined 42.9 billion Korean Won, and Apple was fined 20.81 billion Korean Won.The regulatory agency also issued a corrective order, requiring both companies to modify their relevant business procedures. This penalty comes about three years after South Korea first announced its sanction plans in 2023.

Alphabet, Google's parent company, will announce its earnings report after the market closes on October 28. The revenue forecast for the third quarter of fiscal year 2026 is $127.833 billion, expected to grow by 24.9% year-over-year; the net profit forecast is $37.334 billion, expected to grow by 6.73% year-over-year. Key points of interest include the growth rate of the cloud business, the volume of TPU external supply, the capital expenditure guidance for 2027, and the negative pressure on free cash flow.JPMorgan has raised its year-over-year growth forecast for cloud business revenue from 88% to 100%. Deutsche Bank believes that the growth of search revenue in the third quarter will be relatively healthy. HSBC Research predicts an operating profit margin of 44.5%, higher than market expectations, with GAAP EBITDA expected to grow by 35% year-over-year.

According to The Information, OpenAI plans to purchase Google's artificial intelligence chips.

Anthropic has secured an additional $77 billion in funding from Google, Amazon, and Broadcom. The financing agreement with Amazon is tied to computing power milestones, while the $20 billion commitment from Google is partially dependent on revenue targets. Google and Amazon have become the largest shareholders of Anthropic.

Google DeepMind researchers Zhengxuan Wu, Yuxuan Li, Oyvind Tafjord, and Been Kim released a preprint paper titled "XYEval: Agents say yes to bad advice," proposing a meta-evaluation framework XYEval to assess the performance of agents when faced with misleading suggestions from users. The paper extends the "XY problem" to the agent scenario, where the user inquires about their attempted solution X rather than the actual problem Y.XYEval retains the original task environment and verifiable answers, only adding seemingly reasonable but misleading user suggestions in the instructions. The misleading suggestions are generated by a generator after seeing the complete task and are appended in the form of confident suggestions rather than hard requirements, allowing the original task to remain solvable. The evaluation covers six benchmarks: τ2-bench, SWE-bench Verified, SWE-bench Pro, Terminal-Bench, Humanity's Last Exam, and MCP-Atlas, along with five models, where the misleading suggestions for τ2-bench are generated based on rules set by human experts.The paper states that the performance significantly declines after the XY mutation, with the relative drop reaching up to 46.7%. On τ2-bench, when faced with users who require a detailed explanation before accepting a better solution, the performance drops even more. Encouraging models to recognize the XY problem through simple system instructions only partially alleviates the issue. The related code is published in the GitHub repository google-deepmind/xyeval.