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Alphabet to report third-quarter earnings after the bell

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Alphabet has been continuing to look for ways to cut costs while also stepping up investments in artificial intelligence.

The company has made various cuts to business organizations and has made leadership changes throughout the quarter.

Wall Street is expecting earnings of $1.45 per share and revenue of $75.97 billion, according to LSEG, formerly known as Refinitiv.Google's parent company is projected to show a return to double-digit revenue growth after four quarters of expansion mired inDuring the third quarter, Google made focused layoffs in various business organizations within the company.

Following the launch late last year of OpenAI's ChatGPT chatbot, Google has been racing to add generative AI technology to more products and is testing it within core search. Generative AI, which provides more creative and thorough answers to simple text queries, could potentially have a major effect on Google's search — and ads — business if people alter how they look for information online.at a recent all-hands meeting, hyping up the company's AI work.

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