Wall Street is expecting a second straight quarter of year-over-year revenue growth in the low teens.Wall Street is expecting Alphabet to report a second straight quarter of year-over-year revenue growth in the low teens. While that marks an acceleration from the prior few quarters, the numbers are in comparison to some of Google's weakest reports on record.
The generative artificial intelligence boom has forced Google to reckon with changing consumer behavior in terms of how they access information online, and has pushed the company to make sure it doesn't fall behind OpenAI andGoogle has been reorganizing to try and stay ahead in the AI arms race as more users move away from traditional internet search.that went viral online.
Prabhakar Raghavan, a senior vice president who oversees search at Google, told employees last month that the need to rapidly invest in AI has changed the market and that they need to move faster.by CNBC. With generative AI, the company is"spending a ton more on machines," he added. Organic growth is slowing and the number of new devices coming into the world"is not what it used to be."on Wednesday.
These 5 stocks will power the AI revolution as data centers spread and electricity demand doubles, says Bank of America
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