"SAN FRANCISCO (AP) - Google's latest quarterly report provided further evidence that its internet empire is withstanding an artificial intelligence shakeup that's turning into another potential boon for the company. The numbers released Wednesday marked Google's third consecutive quarter of digital ad growth of more than 10% from the previous year, while also posting more than 30% sales growth in its division that powers data centers for AI services."
"Alphabet's fourth-quarter profit rose 30% from the prior year to $34.5 billion, or $2.82 per share, while revenue climbed 18% to $113.8 billion. The collective momentum of Google's main business in search and advertising and the still-nascent AI field indicates a company born during the late 1990s internet boom is becoming even stronger during another technology phenomenon nearly 30 years later."
Google reported strong fourth-quarter performance with digital ad revenue increasing over 10% for a third consecutive quarter and AI-related infrastructure sales rising more than 30%. Alphabet posted a 30% year-over-year profit increase to $34.5 billion and revenue grew 18% to $113.8 billion. The combined strength of search, advertising, and expanding AI capabilities reinforced market position and helped lift Alphabet's stock about 60% over five months to roughly a $4 trillion valuation. Investors retain caution about sustaining growth given planned AI computing capacity investments exceeding $300 billion through the end of the year.
Read at AP News
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