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.
This is a significant increase, and it shows that Alphabet is throwing the kitchen sink at its A.I. plans,” said Kathleen ...
YouTube achieved record ad revenue thanks to the U.S. presidential election, with politicians on both sides doubling their ...
Alphabet reports fourth-quarter earnings after Tuesday's closing bell. Investors will be focused on cloud momentum and AI ...
Alphabet's Google is scrapping its goal to hire more employees from underrepresented groups and is reviewing some of its ...
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Meta, Microsoft, and Google parent Alphabet are expecting a cumulative $228 billion in capital expenditures in 2025, driven ...
Alphabet has been talking nonstop about AI. Now investors are looking for proof that the company’s efforts are working.
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Google is scrapping some of its diversity hiring targets, joining a lengthening list of U.S. companies that have been ...
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Google on Wednesday announced updates to its Gemini family of large language models, including a new product line with ...
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