'Standout Quarter': Google-Parent Alphabet's AI-Driven Growth Surge

CNBC Daily Open: Investors loosen their purse strings for Alphabet's increased spending

Investors seem confident that the investment in AI can finally be properly monetized and translate into higher revenue.

'Standout quarter': Google-parent Alphabet's AI-driven growth surge

Google parent Alphabet has reported quarterly profits that topped expectations, saying artificial intelligence has boosted every part of its business....

Google tops expectations with $96.4bn in revenue after AI fuels second quarter

CEO Sundar Pichai says ‘robust growth’ in AI, search, YouTube and Google Cloud behind $2.31 in EPSGoogle exceeded Wall Street expectations for the quarter ending in June after closing out a few months of AI-related momentum.On Wednesday, the company reported $2.31 in earnings per share (EPS) on $96.4bn in revenue, surpassing analysts’ projections of $2.18 EPS on $94bn in sales. Continue reading...

Google's AI push pays off with solid second quarter, but doubts about company's future persist

Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background

Google’s AI Mode in Search Hits Major Milestone, New Features Coming

Google CEO Sundar Pichai revealed on Wednesday that AI Mode in Search now has more than 100 million monthly active users across the US and India. The information was shared during the company’s second quarterly earnings call with investors. The Mountain View-based tech giant also highlighted that the other artificial intelligence (AI) feature in Search, AI Overviews, now has more than two billion monthly users.