Alphabet’s fourth-quarter results revealed a 30% increase in revenue for the company’s cloud arm, fuelled by demand for its artificial intelligence offerings.
Shares of several tech companies specializing in artificial intelligence products soared Wednesday after Google parent Alphabet said it plans to ramp up spending on AI.
Alphabet shares its Q4 2024 financial figures, including $96.5 billion in revenue. Search, YouTube, and cloud sales are all up, but cloud in specific fell short of analyst estimates. Stock prices ...