Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

Google had a massive quarter thanks to Search and AI

Illustration of Google’s wordmark, written in red and pink on a dark blue background.
Illustration: The Verge

Google made nearly $85 billion over the past few months as revenue from its Search and cloud computing businesses soared. That’s according to the quarter two earnings report released by Google’s parent company, Alphabet, on Tuesday, which says Search alone raked in $48.5 billion.

Meanwhile, Google’s cloud division hit $10 billion for the first time while also achieving $1 billion in operating profit. During an earnings call on Tuesday, Google CEO Sundar Pichai said the company’s generative AI solutions for Cloud customers “already generated billions in revenues and are being used by more than 2 million developers.”

“We are innovating at every layer of the AI stack,” Pichai says in a letter to investors. “Our longstanding infrastructure…

Continue reading…

You May Also Like

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Editor's Pick

In this StockCharts TV video, Mary Ellen examines which areas of the market have moved into favor amid the S&P 500 pullback. She compares value...

Tech News

Apple’s UWB trackers remain a cheap, convenient way to keep tabs on all your belongings. | Photo: Vjeran Pavic / The Verge Over the...

Tech News

You can save $60 on a few Kindle Scribe bundles at the moment. When it comes to finding a device to read ebooks, you...