Alphabet also announced a $70 billion share buyback plan, sending its shares higher by about 3% in extended trading
said on Tuesday it would buy back $70 billion in stock and posted first-quarter revenue above estimates as demand rose for cloud services and ad sales held up better than expected.
Advertisers, who contribute the bulk of Alphabet’s sales, have been shifting budgets to proven platforms such as Google’s products and its YouTube unit from untested advertising models. It has also been sharpening focus on artificial intelligence in its race to gain lost ground from Microsoft Corp’s Bing and the Windows-maker backed ChatGPT maker, OpenAI.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech investors focus on profits after record layoffs; companies to highlight AIMicrosoft, Google parent Alphabet, Instagram owner Meta Platforms and Amazon.com all report quarterly results this week
Read more »
Google, Amazon, Meta, Microsoft and 15 others subject to new EU online content rules as of AugustUnder the landmark rules, the companies are required to do risk management, conduct external and independent auditing, share data with authorities and researchers and adopt a code of conduct
Read more »
'Please do not launch': Google's rush to win in AI race led to ethical lapses, employees sayGoogle is providing low\u002Dquality information via its AI chatbot and giving less priority to its ethical commitments, employees say. Read on.
Read more »
'Please do not launch': Google's rush to win in AI race led to ethical lapses, employees sayGoogle is providing low\u002Dquality information via its AI chatbot and giving less priority to its ethical commitments, employees say. Read on.
Read more »
'Please do not launch': Google's rush to win in AI race led to ethical lapses, employees sayGoogle is providing low\u002Dquality information via its AI chatbot and giving less priority to its ethical commitments, employees say. Read on.
Read more »
Tech investors focus on profits after record layoffs; companies to highlight AIMicrosoft, Google parent Alphabet, Instagram owner Meta Platforms and Amazon.com all report quarterly results this week
Read more »