Reported 8 months ago
Google's recent earnings report has alleviated concerns about AI spending as it demonstrated impressive financial growth, with profits rising nearly 40% year over year. Analysts are optimistic, suggesting that Google's substantial investments in AI are yielding positive returns, particularly in advertising and cloud services. Despite ongoing questions about the long-term impact of AI on its core search business, the company's diverse business model and strong performance have led investors to remain confident in its future.
Source: YAHOO