Alphabet CFO Underscores Google's $12B Capex Surge: 'Reflects Our Confidence In The Opportunities Offered By AI'
Benzinga - 2024-04-26T04:19:12.000Z

Alphabet announced a significant increase in its capital expenditure, reflecting the company's strong financial performance and its commitment to AI. read more

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It will take a multi-year investment cycle before Meta’s AI offerings become profitable: Insights from Meta’s Earnings Call
Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.
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Alphabet hails ‘once-in-a-generation’ AI opportunity as revenue rises
Shares surge after tech giant issues first ever dividend and posts revenue of $80.5bn, up 15% since last year, despite staff turmoilShares in Alphabet, the owner of Google and YouTube, surged after it issued its first ever dividend and revealed that profits had surged in the last quarter.Sundar Pichai, CEO, hailed the transition to artificial intelligence as a “once-in-a-generation opportunity” as his company races to integrate the technology across its business. Continue reading
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The Morning After: Microsoft’s OpenAI partnership was born from Google AI envy
Emails from the Department of Justice’s antitrust case against Google revealed how Microsoft executives were alarmed by and even envious of Google’s AI lead. In an email thread, CTO Kevin Scott wrote he was “very, very worried” about Google’s rapidly growing AI capabilities. He said he initially dismissed the company’s “game-playing stunts,” likely referring to Google’s AlphaGo models. The emails reference Gmail’s autocomplete features, which execs called “scary good.” Microsoft struggled to...
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In related news

It will take a multi-year investment cycle before Meta’s AI offerings become profitable: Insights from Meta’s Earnings Call

Alphabet hails ‘once-in-a-generation’ AI opportunity as revenue rises

The Morning After: Microsoft’s OpenAI partnership was born from Google AI envy