When Alphabet Inc. GOOG, +6.41% GOOGL, +6.61% reported earnings in the spring, Wall Street was fretting that the company might be disadvantaged in the artificial-intelligence race, as Microsoft Corp.
Alphabet stock popped over 6% today after the company posted a strong earnings report. Let's dig in and see what happened.
Google has retained market share versus Bing this year, even on desktop computers. Alphabet will likely benefit from AI due to its cloud computing division.
The effort comes as policymakers weigh what appropriate guardrails on the technology could look like, without hindering innovation.
As Microsoft Corp. and Alphabet Inc. get more serious about artificial intelligence, they're spending a lot more time discussing it with the investment community.
The company reported strong growth in its cloud computing unit and announced a key executive would be moving to a new role.
Overture Maps Foundation is trying to collect enough data so that companies can build maps they own and operate rather than paying Google and Apple.
The parent company of Snapchat is showing some encouraging signals, including growth in overseas engagement and on its Spotlight platform as well as an increase in the count of active Snap SNAP, -1.34
A pick up in advertising revenue in the second quarter for search and YouTube, helped parent Alphabet Inc. beat analyst estimates after weak ad spending driven by macroeconomic concerns dragged earnin
The generative AI arms race between Google and Microsoft was in focus Tuesday as the two tech giants held dueling earnings calls that featured their AI initiatives prominently.
Google-parent Alphabet Inc (NASDAQ:GOOG) saw its stock around 7% higher ahead of Wednesday's open, after last night's robust expectation-beating second-quarter results. Alphabet posted second revenu
Shares of PacWest Bancorp PACW, -27.04% rocketed 37% as the Banc of California BANC, +11.17% confirmed plans to buy the troubled regional lender.
Tech titans Google and Microsoft announced better-than-expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector.
KeyBanc's Justin Patterson said AI capabilities and scale help explain the divergence between an upbeat advertising outlook for Google-parent Alphabet and a tough ad environment for Snap.
Streaming platform YouTube's second-quarter ad revenues bucked the trends after rising year-on-year. Revenues derived from adverts rose by 4.4$ to US$7.76bn, a positive trajectory following three cons
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