Google parent Alphabet posts 29% jump in profit on digital ad growth, AI offerings
Alphabet Inc. on Tuesday reported better-than-expected second-quarter revenue and profit, helped by rising digital advertising sales and solid demand for its cloud-computing services, but warned that capital spending will remain high for the year. Alphabet’s results highlighted strong demand for digital advertising, driven by events such as the Paris Olympics and elections in several countries, […]
Shares of Google parent Alphabet drop after disappointing ad revenue
Alphabet disappointed Wall Street on Tuesday as holiday ad sales fell short of expectations, overshadowing the company’s efforts in artificial intelligence and cloud. The stock price fell more than 4% in after-hours trading. Google, which invented the foundational technology for today’s AI boom, faces stiff competition from two high-profile players in the business world: ChatGPT […]