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Google-parent Alphabet soars as rivals stumble over AI costs

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Google-parent Alphabet saw its share price jump as investors lauded the company's success in making the pivot to artificial intelligence

Google-parent Alphabet saw its share price jump as investors lauded the company's success in making the pivot to artificial intelligence

Google-parent Alphabet impressed Wall Street with its latest quarterly earnings on Wednesday, as big tech rivals Microsoft, Meta and Amazon left investors lukewarm amid concerns about the huge cost of AI development.

The earnings come as AI titans pump billions of dollars into cloud computing and artificial intelligence, vying to lead in technology that they insist will transform all aspects of life.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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