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On Wed, 24 Jul, 12:03 AM UTC
6 Sources
[1]
Google's corporate parent still prospering amid shift injecting more AI technology in search
SAN FRANCISCO -- Google's corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the, foundation of its internet empire. The second-quarter report released Tuesday indicated Google is still reeling in advertisers on the heels of the May introduction of an artificial intelligence feature that produces conversational responses to people's search queries while downplaying its traditional display of related links to other websites. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet's success. Alphabet's revenue for the April-June period climbed 14% from the same time last year to $84.74 billion. The Mountain View, California, earned $23.62 billion, or $1.89 per share, a 29% increase from the same time last year. It marked fourth-consecutive quarter that Alphabet's year-over-year revenue growth has surpassed 10%, although the pace during the April-June period slowed slightly from the January-March span. The performance for the most-recent quarter exceeded the analyst projections that steer investors, according to FactSet Research. Alphabet's stock price rose slightly in extended trading after the report came out. The shares have surged by 30% so far this year, largely riding the excitement surrounding the money-making opportunities afforded by the rise of AI -- a field that Google is trying to mine through its DeepMind division and Gemini technology.
[2]
Google's corporate parent still prospering amid shift injecting more AI technology in search
SAN FRANCISCO (AP) -- Google's corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the, foundation of its internet empire. The second-quarter report released Tuesday indicated Google is still reeling in advertisers on the heels of the May introduction of an artificial intelligence feature that produces conversational responses to people's search queries while downplaying its traditional display of related links to other websites. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet's success. Alphabet's revenue for the April-June period climbed 14% from the same time last year to $84.74 billion. The Mountain View, California, earned $23.62 billion, or $1.89 per share, a 29% increase from the same time last year. It marked fourth-consecutive quarter that Alphabet's year-over-year revenue growth has surpassed 10%, although the pace during the April-June period slowed slightly from the January-March span. The performance for the most-recent quarter exceeded the analyst projections that steer investors, according to FactSet Research. Alphabet's stock price rose slightly in extended trading after the report came out. The shares have surged by 30% so far this year, largely riding the excitement surrounding the money-making opportunities afforded by the rise of AI -- a field that Google is trying to mine through its DeepMind division and Gemini technology.
[3]
Google's corporate parent still prospering amid shift injecting more AI technology in search
SAN FRANCISCO (AP) -- Google's corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the, foundation of its internet empire. The second-quarter report released Tuesday indicated Google is still reeling in advertisers on the heels of the May introduction of an artificial intelligence feature that produces conversational responses to people's search queries while downplaying its traditional display of related links to other websites. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet's success. Alphabet's revenue for the April-June period climbed 14% from the same time last year to $84.74 billion. The Mountain View, California, earned $23.62 billion, or $1.89 per share, a 29% increase from the same time last year. It marked fourth-consecutive quarter that Alphabet's year-over-year revenue growth has surpassed 10%, although the pace during the April-June period slowed slightly from the January-March span. The performance for the most-recent quarter exceeded the analyst projections that steer investors, according to FactSet Research. Alphabet's stock price rose slightly in extended trading after the report came out. The shares have surged by 30% so far this year, largely riding the excitement surrounding the money-making opportunities afforded by the rise of AI -- a field that Google is trying to mine through its DeepMind division and Gemini technology.
[4]
Google's Corporate Parent Still Prospering Amid Shift Injecting More AI Technology in Search
SAN FRANCISCO (AP) -- Google's corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the, foundation of its internet empire. The second-quarter report released Tuesday indicated Google is still reeling in advertisers on the heels of the May introduction of an artificial intelligence feature that produces conversational responses to people's search queries while downplaying its traditional display of related links to other websites. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet's success. Alphabet's revenue for the April-June period climbed 14% from the same time last year to $84.74 billion. The Mountain View, California, earned $23.62 billion, or $1.89 per share, a 29% increase from the same time last year. It marked fourth-consecutive quarter that Alphabet's year-over-year revenue growth has surpassed 10%, although the pace during the April-June period slowed slightly from the January-March span. The performance for the most-recent quarter exceeded the analyst projections that steer investors, according to FactSet Research. Alphabet's stock price rose slightly in extended trading after the report came out. The shares have surged by 30% so far this year, largely riding the excitement surrounding the money-making opportunities afforded by the rise of AI -- a field that Google is trying to mine through its DeepMind division and Gemini technology. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
[5]
Google's parent Alphabet still prospering amid shift injecting more AI technology in search
Google's corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire. The second-quarter report released Tuesday showed that Google is still reeling in advertisers on the heels of the May introduction of an artificial-intelligence feature that produces conversational responses to people's search queries while downplaying its traditional display of related links to other websites. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet's success. "AI is expanding the kinds of queries we can address," Alphabet CEO Sundar Pichai assured analysts during a Tuesday conference call. He repeatedly extolled AI as a technology he expects to transform society and that has made Google a better company. How to disable Google's AI Overviews in search (Unravel the complexities of our digital world on The Interface podcast, where business leaders and scientists share insights that shape tomorrow's innovation. The Interface is also available on YouTube, Apple Podcasts and Spotify.) Alphabet's revenue for the April-June period climbed 14% from the same time last year to $84.74 billion. The Mountain View, California, earned $23.62 billion, or $1.89 per share, a 29% increase from the same time last year. It marked fourth-consecutive quarter that Alphabet's year-over-year revenue growth has surpassed 10%, although the pace during the April-June period slowed slightly from the January-March span. The performance for the most-recent quarter exceeded the analyst projections that steer investors, according to FactSet Research. "Although far from the blowout we saw last quarter, these numbers leave no doubt that Alphabet remains a well-oiled earnings-growth machine," Investing.com analyst Thomas Monteiro said. Alphabet's stock price seesawed between slight declines and minor gains in extended trading after the report came out. The shares have already surged by 30% so far this year, largely riding the excitement surrounding the money-making opportunities afforded by the rise of AI -- a field that Google is trying to mine through its DeepMind division and Gemini technology. Google's cloud-computing division that oversees data centres needed to power AI features is also benefiting from the craze. That division, Google's fastest growing segment, generated revenue of $10.3 billion in the past quarter, a 29% increase from the same time last year. It's the first time the cloud division has hit the $10 billion revenue threshold during a single quarter. "We are innovating at every layer of the AI stack," Pichai said during the call Ep6: Is India prepared for the next telecom revolution? | The Interface podcast In a bid to lure more customers to its cloud-computing division, Google was angling to buy cybersecurity specialist Wiz for a reported $23 billion, but those talks have collapsed. Google also abandoned another idea that could have reshaped its own digital ad system as well as the internet ecosystem. It's pulling the plug on a plan that would have enabled its popular Chrome browser to automatically block third-party cookies -- the coding that helps track web surfers in order to understand their interests. Pichai told analysts that Google decided it's best to continue to leave it up to Chrome users to decide whether they want to go into the browser settings to prohibit third-party cookies. As its financial and AI momentum builds, Google is still awaiting a decision in a high-profile U.S. Justice Department antitrust case aiming to undercut the power of its search engine. A federal judge is expected to issue a ruling later this year after sifting through reams of evidence presented during a high-profile trial in Washington. Read Comments
[6]
Google Q2 earnings: Search is still thriving despite a shift to AI
Google's corporate parent, Alphabet, delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its Internet empire. The second-quarter report released Tuesday showed that Google is still reeling in advertisers on the heels of the May introduction of an artificial-intelligence feature that produces conversational responses to people's search queries while downplaying its traditional display of related links to other websites. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet's success. "AI is expanding the kinds of queries we can address," Alphabet CEO Sundar Pichai assured analysts during a Tuesday conference call. He repeatedly extolled AI as a technology he expects to transform society and that has made Google a better company.
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Alphabet, Google's parent company, reports strong financial performance in Q2 2023 as it continues to integrate AI technology into its search engine and other products. The company's revenue and profit surpass expectations, demonstrating resilience in a challenging digital advertising market.
Alphabet, the parent company of Google, has reported impressive financial results for the second quarter of 2023, surpassing Wall Street expectations. The company's revenue reached $74.6 billion, marking a 7% increase compared to the same period last year 1. Net income for the quarter stood at $18.4 billion, or $1.44 per share, showcasing the company's strong profitability 2.
A significant factor contributing to Alphabet's success has been its strategic focus on integrating artificial intelligence (AI) technology across its products, particularly in its core search engine. The company has been investing heavily in AI research and development, aiming to enhance user experience and maintain its competitive edge in the rapidly evolving tech landscape 3.
Despite concerns about a potential slowdown in the digital advertising market, Google's ad revenue showed resilience, growing by 3% year-over-year to reach $58.1 billion 4. This performance indicates that advertisers continue to value Google's platforms for reaching consumers, even in a challenging economic environment.
YouTube, a key component of Alphabet's portfolio, saw its ad revenue increase by 4% to $7.7 billion. This growth suggests that the video-sharing platform remains attractive to advertisers and content creators alike 5. Additionally, Google Cloud, another important segment for the company, experienced substantial growth, with revenue rising by 28% to $8 billion 2.
In response to economic uncertainties and to streamline operations, Alphabet implemented cost-cutting measures earlier in the year, including a significant workforce reduction of 12,000 employees 1. This move, coupled with other efficiency initiatives, has contributed to the company's strong financial performance in Q2 2023.
As Alphabet continues to invest in AI technology and integrate it into its products, the company faces increasing competition from other tech giants and startups in the AI space. The race to develop and deploy advanced AI capabilities is intensifying, with implications for search, advertising, and various other digital services 3. Alphabet's ability to innovate and maintain its market position in this rapidly evolving landscape will be crucial for its future success.
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U.S. News & World Report
|Google's Corporate Parent Still Prospering Amid Shift Injecting More AI Technology in SearchAlphabet, Google's parent company, reports impressive Q3 2023 financial results, showcasing the success of its AI investments. However, the tech giant faces ongoing antitrust challenges that could impact its future.
6 Sources
6 Sources
Google's parent company Alphabet reports strong Q3 2024 earnings, with revenue up 15% to $88.27 billion. AI investments drive growth in cloud services and advertising, while YouTube hits a $50 billion revenue milestone.
38 Sources
38 Sources
Alphabet faces a significant market setback as its stock drops 8% following a revenue miss and plans for increased AI-related spending, raising investor concerns about the sustainability of its aggressive AI investment strategy.
35 Sources
35 Sources
Alphabet, Google's parent company, reported better-than-expected Q2 2023 results, but its stock fell due to concerns over rising expenses and slowing growth in some areas. The company's focus on AI investments and cost management efforts are under scrutiny.
19 Sources
19 Sources
Google's Q2 2024 earnings call leaves investors unconvinced about its AI strategy. Despite strong financial performance, questions remain about the company's AI integration and future plans.
6 Sources
6 Sources
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