Google’s parent Alphabet’s quarterly earnings soars as AI and cloud revenue surge, but YouTube’s performance disappoints

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Google’s parent Alphabet’s quarterly earnings soars as AI and cloud revenue surge, but YouTube’s performance disappoints - Malay Mail

Quick Summary:

SAN FRANCISCO, July 24 — Google-parent Alphabet yesterday reported profit and revenue that beat expectations as its A...

The ramped up revenue comes as investors worry that money being poured into artificial intelligence may not be generating significant returns for tech companies.

Amazon — through its Amazon Web Services arm — Microsoft and Google are the world’s biggest providers of cloud-based data centres, which store and process data on a vast scale, in addition to being some of the world’s richest companies.