“Alphabet's” second-quarter profit beat Wall Street's expectations, supported by continued demand for its cloud services and a rebound in advertising. Shares of the company that owns Google jumped 8 percent in post-close trading on Tuesday.
Generative AI is expected to drive the profits of big tech companies in the coming period. Alphabet has already launched products based on the technology at its annual developer conference in May and updated its search engine. Alphabet is testing where ads are placed within AI-powered search. The company plans to integrate generative AI into other products such as Gmail, Google Photos, and the Android mobile operating system.
Source (Al-Arabiya.net Website, Edited)
