On October 30th, Google's parent company Alphabet (GOOG. O) announced its third-quarter results, with revenue rising 16% year-on-year to a record $102.30 billion, beating analysts' expectations. Thanks to the growth of its digital advertising and cloud computing business, the company has provided ample funds for large-scale artificial intelligence investments. Net profit was about $35 billion, up 33% year-on-year. The company's shares rose about 7% at one point in after-hours trading. Like other...
Google parent company Alphabet (GOOG. O) reported third-quarter results, with revenue rising 16% year-on-year to a record $102.30 billion, beating analysts' expectations. Thanks to the growth of its digital advertising and cloud computing businesses, the company has well-funded a large-scale artificial intelligence investment. Net profit was about $35 billion, up 33% year-on-year. The company's shares rose about 7% at one point in after-hours trading. Like other tech giants, Google is investing ...