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.
YouTube achieved record ad revenue thanks to the U.S. presidential election, with politicians on both sides doubling their ...
This is a significant increase, and it shows that Alphabet is throwing the kitchen sink at its A.I. plans,” said Kathleen ...
Alphabet reports fourth-quarter earnings after Tuesday's closing bell. Investors will be focused on cloud momentum and AI ...
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Meta, Microsoft, and Google parent Alphabet are expecting a cumulative $228 billion in capital expenditures in 2025, driven ...
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Google on Wednesday announced updates to its Gemini family of large language models, including a new product line with ...
Alphabet has been talking nonstop about AI. Now investors are looking for proof that the company’s efforts are working.
Alphabet's Google on Wednesday announced updates to its Gemini family of large language models, including a new product line ...
Shares of Alphabet tanked by 8% in pre-market trading on Wednesday, a reaction to weaker-than-anticipated revenue in its ...
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