Big Tech's AI Spending and Earnings

Big tech companies, including Amazon, Alphabet, and Apple, have been heavily investing in artificial intelligence (AI), and this trend is expected to be a major theme in their upcoming earnings reports. Investors are closely watching these investments for clues on how AI will impact earnings. In the June quarter, these companies' stock reactions were driven by AI commentary and capital expenditure rather than traditional earnings and sales. For example, Alphabet needs to demonstrate how its Gen AI chatbot Gemini will generate revenue. Wall Street is particularly interested in Alphabet's search revenue and AI spending in its third-quarter earnings report.

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- KE holdingKE holding
  ·2024-10-30
  Let fly
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
  Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
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- nywlesnywles
  ·2024-10-30
  Thanks
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
  Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
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- TheTrueIsOutThereTheTrueIsOutThere
  ·2024-10-30
  Amazing company, amazing results, brave future, AI driven success, strong innovations 🚀🚀💡
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
  Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
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- AndrewinhoAndrewinho
  ·2024-10-30
  👏👏👏🚀🚀🚀
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
  Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re
  Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales
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Wall Street is particularly interested in Alphabet's search revenue and AI spending in its third-quarter earnings report.","image":"https://community-static.tradeup.com/news/1201dcc0482be040348fb8d4f228bb68","type":2,"style":4,"follow":false,"createTime":1730178916972,"userCounts":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":4633767560921e9d9428231fbb0b20de}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowFollow":false,"hasReward":false,"rewardScore":0,"rewardValidDate":0,"rewardEnd":false,"symbols":["GOOGL","AMZN","AAPL","GOOG"],"tweetCounts":4,"categoryId":"2929bb7468f5415f853fd96fb35d7c3b","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"Big Tech's AI Spending and Earnings","tweetAmount":4,"imageIsDefault":false,"aiDerivativeIssues":[]},"tab":"all","isFinancial":true,"allList":[{"id":365374943588560,"gmtCreate":1730246473185,"gmtModify":1730246477197,"author":{"id":"3574109605443794","authorId":"3574109605443794","name":"KE holding","avatar":"https://static.tigerbbs.com/b18709534024295a3a975c764666554e","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574109605443794","authorIdStr":"3574109605443794"},"themes":[],"htmlText":"Let fly&nbsp;","listText":"Let fly&nbsp;","text":"Let fly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365374943588560","repostId":"2479266582","repostType":2,"repost":{"id":"2479266582","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"TH-Reuters","id":"1006801671","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1730241600,"share":"https://ttm.financial/m/news/2479266582?lang=en_US&edition=fundamental","pubTime":"2024-10-30 06:40","market":"us","language":"en","title":"Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=2479266582","media":"TH-Reuters","summary":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re","content":"<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1006801671\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTH-Reuters \n2024-10-30 06:40\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/business/google-parent-alphabets-ai-spending-boosts-cloud-business-ad-sales-4711226","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479266582","content_text":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.CEO Sundar Pichai said in a statement that investments in AI were \"paying off\" through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival Microsoft in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet's capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet's capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google's cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts' estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.\"I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,\" said Bob O'Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company's new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet's total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google's dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and Amazon.com make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company Snap Inc, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet's total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2036,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365505777922296,"gmtCreate":1730245144066,"gmtModify":1730245148356,"author":{"id":"3555362771681553","authorId":"3555362771681553","name":"nywles","avatar":"https://static.tigerbbs.com/a7e6473ec2cec348d167d7d95fbdb76c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555362771681553","authorIdStr":"3555362771681553"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365505777922296","repostId":"2479266582","repostType":2,"repost":{"id":"2479266582","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"TH-Reuters","id":"1006801671","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1730241600,"share":"https://ttm.financial/m/news/2479266582?lang=en_US&edition=fundamental","pubTime":"2024-10-30 06:40","market":"us","language":"en","title":"Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=2479266582","media":"TH-Reuters","summary":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re","content":"<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1006801671\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTH-Reuters \n2024-10-30 06:40\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/business/google-parent-alphabets-ai-spending-boosts-cloud-business-ad-sales-4711226","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479266582","content_text":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.CEO Sundar Pichai said in a statement that investments in AI were \"paying off\" through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival Microsoft in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet's capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet's capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google's cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts' estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.\"I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,\" said Bob O'Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company's new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet's total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google's dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and Amazon.com make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company Snap Inc, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet's total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365494650245304,"gmtCreate":1730242426558,"gmtModify":1730242430963,"author":{"id":"4186858358567572","authorId":"4186858358567572","name":"TheTrueIsOutThere","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186858358567572","authorIdStr":"4186858358567572"},"themes":[],"htmlText":"Amazing company, amazing results, brave future, AI driven success, strong innovations 🚀🚀💡","listText":"Amazing company, amazing results, brave future, AI driven success, strong innovations 🚀🚀💡","text":"Amazing company, amazing results, brave future, AI driven success, strong innovations 🚀🚀💡","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365494650245304","repostId":"2479266582","repostType":2,"repost":{"id":"2479266582","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"TH-Reuters","id":"1006801671","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1730241600,"share":"https://ttm.financial/m/news/2479266582?lang=en_US&edition=fundamental","pubTime":"2024-10-30 06:40","market":"us","language":"en","title":"Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=2479266582","media":"TH-Reuters","summary":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re","content":"<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1006801671\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTH-Reuters \n2024-10-30 06:40\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/business/google-parent-alphabets-ai-spending-boosts-cloud-business-ad-sales-4711226","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479266582","content_text":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.CEO Sundar Pichai said in a statement that investments in AI were \"paying off\" through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival Microsoft in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet's capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet's capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google's cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts' estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.\"I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,\" said Bob O'Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company's new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet's total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google's dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and Amazon.com make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company Snap Inc, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet's total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2097,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365493435842632,"gmtCreate":1730242117603,"gmtModify":1730242120970,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"themes":[],"htmlText":"👏👏👏🚀🚀🚀","listText":"👏👏👏🚀🚀🚀","text":"👏👏👏🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365493435842632","repostId":"2479266582","repostType":2,"repost":{"id":"2479266582","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"TH-Reuters","id":"1006801671","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1730241600,"share":"https://ttm.financial/m/news/2479266582?lang=en_US&edition=fundamental","pubTime":"2024-10-30 06:40","market":"us","language":"en","title":"Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=2479266582","media":"TH-Reuters","summary":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising re","content":"<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle Parent Alphabet's AI Spending Boosts Cloud Business, Ad Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1006801671\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTH-Reuters \n2024-10-30 06:40\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.<img src=\"https://community-static.tradeup.com/news/70647b34036cf54b495f4859a1ddf5ad\" title=\"\" tg-width=\"405\" tg-height=\"384\"/>CEO Sundar Pichai said in a statement that investments in AI were &#34;paying off&#34; through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet&#39;s capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet&#39;s capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google&#39;s cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts&#39; estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.&#34;I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,&#34; said Bob O&#39;Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company&#39;s new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet&#39;s total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google&#39;s dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet&#39;s total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.<img src=\"https://community-static.tradeup.com/news/60630ffa8bc6b4da7630d9bb8a5565b5\" title=\"A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.\" tg-width=\"1420\" tg-height=\"1000\"/>A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/business/google-parent-alphabets-ai-spending-boosts-cloud-business-ad-sales-4711226","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479266582","content_text":"Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8% on Tuesday, were up 6% in after-hours trading. The stock has risen nearly 22% this year, in line with the broader market.CEO Sundar Pichai said in a statement that investments in AI were \"paying off\" through use of and sales in its Search and Cloud businesses.Perceived as slow to catch up with Big Tech rival Microsoft in the AI race, Google has been beefing up its Gemini AI chatbot and working out more improvements to its AI-powered search offering. The company is continuing to spend big on AI.Its new chief financial officer, Anat Ashkenazi, fielding her first analyst call, said Alphabet's capital expenditures in 2025 would be higher than this year.In the third quarter, Alphabet's capex rose 62% to $13 billion. The fourth quarter is expected to be similar, she said.Revenue from Google's cloud platform grew 35% to $11.35 billion in the third quarter, beating analysts' estimate of $10.86 billion.It was the fastest pace of growth in eight quarters, thanks to enterprises doubling down on cloud spending, which is essential to power artificial-intelligence technologies.\"I do think it was an impressive quarter because the fact that Google Cloud could more than offset Search decline speaks both to the growing importance of cloud revenues and the fact that the company continues to diversify its revenue base,\" said Bob O'Donnell, president of TECHnalysis Research.Google has rolled out ads in AI Overviews, which use generative AI to summarize content from a range of sources and display concise results for search queries.Analysts said users think the company's new AI tools are more effective than previously - a significant improvement from earlier this year when the feature drew harsh criticism for displaying inaccurate answers, including a pizza recipe that listed glue as an ingredient.Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average market estimate of $1.85, according to LSEG.Digital advertising sales - the biggest chunk of Alphabet's total revenue - rose to $65.85 billion from $59.65 billion. This includes YouTube ad sales that rose 12% to $8.92 billion, but which slowed from the second quarter.Google's dominant position in the digital advertising market has helped attract marketing dollars even as TikTok and Amazon.com make inroads with marketers. The quarterly results also received a boost from increased political spending ahead of the U.S. presidential election, and the 2024 Paris Olympics that ended in August.Social media company Snap Inc, which also depends on advertising, posted good news for shareholders, topping Wall Street targets for quarterly revenue and user growth, sending shares up 6% in after-hours trading.Alphabet's total revenue increased 15% to $88.27 billion in the July-September period, while analysts on average expected $86.30 billion, according to LSEG data.A column chart of the income recorded by Alphabet over the last year. The company, which trades as GOOGL, reported $88.3 billion of revenue in the latest quarter.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[],"allBottom":false,"essenBottom":true,"topicSource":"Post"}