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Alphabet's Q2 Revenue Soars Amid AI and Cloud Growth

  • Alphabet's Q2 revenue surged 14%, driven by strong advertising growth, indicating AI chatbots like ChatGPT haven't impacted Google's search engine dominance.
  • Cloud computing revenue saw even stronger growth, reflecting high demand for computing and data services as companies integrate AI.
  • Alphabet's revenue hit $84.7bn, surpassing analyst expectations, with net income rising 28% to $23.6bn.
  • CEO Sundar Pichai highlighted ongoing momentum in search and cloud, despite criticism for slow commercialization of AI technology.
  • Alphabet's stock has risen by nearly a third this year, with significant investments in AI and data centers, though some analysts found the Q2 results less exciting than Q1.

Source: FT

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BladeRunner007
BladeRunner007Fintech Startup10mo

Hot Take: Google will not exist in next 30 years

Atleast not in the form it is now. Found a rare good post on LinkedIn via Twitter which lists the reason why i think so. Also, I was reading psychology of money and one of the chapters discussed how GE used to be the most valued company ...

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Many other xooglers raised these leadership issues earlier. Meanwhile, tier2/3 kids are burning midnight oil to lan...