Alphabet’s Profits Surge 29% Amid AI Advancements

Profit Surge: Alphabet’s profits rose 29%, driven by strong performance in search advertising and cloud-computing businesses.
AI Investments Paying Off: The company’s AI efforts have started generating significant revenue, contributing to overall growth.
Missed Acquisition: Google faced a setback as Wiz rejected its $23 billion acquisition offer, impacting cloud-computing momentum.

Revenue Growth: Alphabet’s revenue increased to $84.7 billion, exceeding analysts’ expectations, highlighting the stability of its core businesses.
AI-Driven Growth: AI infrastructure and solutions have already generated billions in revenue, showcasing the financial impact of AI investments.
Capital Expenditure Surge: Alphabet’s capital expenditures surged to $13.2 billion, reflecting its commitment to building AI capabilities.
Advertising Resilience: Despite economic challenges, Google’s search engine and YouTube remain top advertising destinations, maintaining their relevance in the digital ad market.

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