Google’s AI push pays off with solid second quarter, but doubts about company’s future persist
Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background. The results released Wednesday for the April-June period provided the latest sign that Google is deftly navigating the technological landscape’s tilt toward AI while still capitalizing on well-worn techniques that have made it the internet’s main gateway for the past quarter century. Google’s progress enabled its parent company Alphabet to post earnings and revenue growth that exceeded analysts’ predictions, causing the company’s stock to rise more than 2% in Wednesday’s extended trading after initially sinking over concerns about increased spending on AI.
