Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?
From a purely business financials perspective, a large part of the reason for the sell-off stemmed from slowing growth in data centres revenue. Google’s cloud business is a huge money driver and posted a 30 per cent increase in revenues, totalling nearly $12bn (£9.6bn).
Alphabet faces scrutiny on AI spending as Google cloud growth slows
Alphabet will face investor scrutiny over its massive spending on AI when it reports earnings on Tuesday, as revenue growth at the Google parent likely slowed in the holiday quarter due to a slowdown in its advertising and cloud businesses.
This is a significant increase, and it shows that Alphabet is throwing the kitchen sink at its A.I. plans,” said Kathleen ...
YouTube achieved record ad revenue thanks to the U.S. presidential election, with politicians on both sides doubling their ...
Alphabet reports fourth-quarter earnings after Tuesday's closing bell. Investors will be focused on cloud momentum and AI ...
13hon MSN
Google on Wednesday announced updates to its Gemini family of large language models, including a new product line with ...
Alphabet's Google on Wednesday announced updates to its Gemini family of large language models, including a new product line ...
Alphabet has been talking nonstop about AI. Now investors are looking for proof that the company’s efforts are working.
Shares of Alphabet tanked by 8% in pre-market trading on Wednesday, a reaction to weaker-than-anticipated revenue in its ...
The Alphabet company plans a major outlay after its rivals Microsoft and Meta have been pulling ahead in investments.
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