The results for the April-June period released Tuesday by Google’s corporate parent, Alphabet Inc., reversed a financial downswing that had raised fears Google was losing its financial steam at the same time advances in artificial intelligence, or AI, threatened to undercut the dominant search engine that powers its digital ad empire.
But after Google’s ad revenue suffered year over-year declines in consecutive quarters for the first time in its history, ad sales rose 3% from a year ago to $58.1 billion during the second quarter. That was better than analysts had been anticipating, according to FactSet Research.
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AMAZON REPORTS STRONG EARNINGS FOR Q4, BUT STOCKS DIP DUE TO OUTLOOK FOR THE FIRST QUARTER
Amazon reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter.
HOUSE LAWMAKERS PUSH TO BAN AI APP DEEPSEEK FROM US GOVERNMENT DEVICES
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Hollowed-out homes. Cars entombed by mud. Unpeopled roads. Belongings reduced to dirt and debris.
ELON MUSK-LED GROUP PROPOSES BUYING OPENAI FOR $97.4 BILLION.OPENAI CEO SAYS 'NO THANK YOU'
A group of investors led by Elon Musk is offering about $97.4 billion to buy the nonprofit behind OpenAI, escalating a dispute with the artificial intelligence company that Musk helped found a decade ago.
THE WOMEN OF 'THE WHITE LOTUS' CHECK INTO SEASON 3 IN THAILAND
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JAPAN'S SOFTBANK REPORTS LOSS WEEKS AFTER ANNOUNCING AI INVESTMENT
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