The search giant’s parent, Alphabet, produced solid earnings, but shareholders are tiring of claims about future magic without answers to important questions.
On the surface, Google’s parent company, Alphabet, delivered plenty for investors to like in its second-quarter earnings announcement on Wednesday morning.
But the muted market reaction will show Alphabet chief executive Sundar Pichai and his big tech peers that artificial intelligence sizzle is no longer enough. It’s time for the steak.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
