Google’s $100 Million AI Investment for Higher Education and Nonprofits
Google, owned by Alphabet, announced a three-year, $100 million commitment to provide AI training and resources to higher education institutions and nonprofit organizations in the United States.
Over 100 universities have joined this initiative so far, including some of the largest public university systems in the country, such as Texas A&M and the University of North Carolina.
Participating educational institutions can receive cash funding and resources, such as cloud computing credits for AI student training, as well as research on related topics within the sector.
The $100 million figure also includes the value of paid AI tools, such as an advanced version of Google’s Gemini chatbot, which will be provided free of charge to university students.
GAP Sees 3.1% Increase in July Passenger Traffic
Grupo Aeroportuario del Pacífico (GAP), which operates airports in Mexico, reported 5,836,000 passengers in July, a figure that was 3.1% higher than the same period in 2024.
This marks GAP’s ninth consecutive month of traffic growth and its best performance in the last three months.
GAP’s traffic was composed of a 4% increase in domestic traveler transit and a 1.9% rise in international traffic.
GAP mentioned that its airport occupancy rate dropped from 87.2% in July 2024 to 84.8% in the same period this year. For the first seven months of the year, GAP reported a 4% increase in traffic compared to January-July 2024.
GAP’s stock rose 2.4% in the local stock market on Wednesday, trading at 446.07 pesos, nearing its highest level since June 10 of this year.
Sprott Reports Stable Net Income; Uber Posts Rising Income
Sprott, a global asset manager specializing in precious metals and critical materials investments, reported stable net income for the second quarter.
Sprott recorded a net income of $13.5 million, or $0.52 per share, compared to $13.4 million in the previous quarter.
Revenue totaled $65.2 million, surpassing analysts’ consensus estimate of $47 million.
Uber Reports Positive Income Growth
Uber Technologies, the US-based private transportation request app, reported diluted earnings per share of $0.63 in the second quarter of the year, a positive comparison to the $0.47 per share earned during the same period last year.
Uber also reported income of $12,650 million in the quarter, an 18.2% increase from $10,700 million in the same period a year ago. Analysts expected income of $12,470 million.
Uber’s board approved a potential $20 billion share repurchase. Uber’s stock in the US market fell 2.02%, but ended the day down only 0.14% at $89.2.
Key Questions and Answers
- What is Google’s investment focused on? Google has committed $100 million to provide AI training and resources for higher education institutions and nonprofit organizations in the United States.
- Which universities have joined Google’s AI initiative? Over 100 universities, including Texas A&M and the University of North Carolina, have joined Google’s AI initiative.
- What is the recent performance of GAP’s stock? GAP’s stock rose 2.4% in the local stock market on Wednesday, trading at 446.07 pesos.
- What are Sprott’s financial results for Q2? Sprott reported stable net income of $13.5 million, or $0.52 per share, with revenue totaling $65.2 million.
- How did Uber perform in Q2 2025? Uber reported diluted earnings per share of $0.63, an 18.2% increase in income to $12,650 million.
