The Breakdown
Alphabet delivers earnings beat but investors wary of AI hit on Google
But Sundar Pichai, the chief executive of the world’s second-largest technology company, says the company can move quickly to respond.
Amelia McGuireBusiness reporterThe world’s second-biggest technology company, Alphabet, has recorded better than expected earnings in the three months to the end of September but is still trying to convince investors that its core product, the search engine giant Google, can survive in a world of artificial intelligence.
Alphabet’s earnings, released early on Wednesday, were boosted by higher digital advertising revenues and more demand for its cloud computing services as a result of a quick take-up of artificial intelligence platforms.
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