"Doubts about Alphabet's AI prowess are not without justification. Due to Microsoft's close relationship with ChatGPT creator OpenAI, consumers have more reason to turn to the Bing search engine instead of Google. Moreover, when it comes to AI, investors have tended to focus on companies such as Palantir, UiPath, or Nvidia rather than Alphabet."
"Advertising revenue, which accounted for 78% of Alphabet's top line in 2023's third quarter, grew 9% year over year, suggesting that the long-awaited recovery in this market has begun. Moreover, Google Cloud, the company's largest segment not directly tied to advertising, grew its revenue by 22% year over year in Q3."
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