Alphabet’s profit jumped 34 percent in the third quarter as the parent company of search giant Google reported strong growth in its cloud business amid robust demand for computing and data services used to train and run generative artificial intelligence models. The solid results released on Tuesday helped alleviate investors’ fears about the financial returns on the vast sums being spent on AI by Alphabet and other Big Tech peers as they seek to dominate the nascent sector.
Ai, Cloud Boost Alphabet Profits By 34 Percent
Stephen Morris, Financial Times, Ars Technica
Wed, 10/30/2024 - 6:37am
BING NEWS:
- Google Stock Up As CapEx Rise Yields Faster Growth, More Profit
Google is making AI pay off in the form of faster growth and higher profitability. If the company keeps beating expectations, its shares could set new record highs.
10/30/2024 - 6:04 am | View Link - Alphabet Reports 15% Revenue Surge in Q3 Driven by Google Cloud and AI Expansion
Alphabet Inc. reported strong Q3 financials, driven by growth in Google Cloud and AI investments, surpassing Wall Street expectations.
10/30/2024 - 4:19 am | View Link - Today’s Cache | Google pumping out massive profits; OpenAI builds first chip with Broadcom and TSMC; Apple brings out smaller Mac mini
Google manages its profitability well even as it shifts into the AI business and is under regulatory pressure.
10/30/2024 - 2:02 am | View Link - Stock Market Today: Dow futures inch higher as Alphabet results lift sentiment
Snap shares are up more than 12% after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 million. Here are ...
10/30/2024 - 12:17 am | View Link - AI, cloud boost Alphabet profits by 34 percent
Alphabet’s profit jumped 34 percent in the third quarter as the parent company of search giant Google reported strong growth in its cloud business amid robust demand for computing and data services ...
10/29/2024 - 10:37 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more