[[{“value”:”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 on Wednesday marked Google’s third consecutive quarter of digital ad growth of more than 10 per cent from the previous year, while also posting more than 30 per cent sales growth in its division that powers data centres for AI services.
Those increases during the October-December period propelled Google’s corporate parent Alphabet Inc well past the earnings forecasts of stock market analysts.
Alphabet’s fourth-quarter profit rose 30 per cent from the prior year to USD 34.5 billion, or USD 2.82 per share, while revenue climbed 18 per cent to USD 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 …”}]]
Read More Technology