The Internet giant Google Market expectations were far exceeded again with 28.2 billion dollars of net profits in the second quarter, while the US company faces competition in the field of artificial intelligence (AI) and monopoly accusations.
The billing of Alphabet, Google’s parent company, exceeded 96,000 million dollars -in the place of the 94,000 million that analysts expected -, which means a growth of 14% year -on -year, according to the statement of results published on Wednesday.
This growth is, above all, to the great demand for AI services. But this technology is expensive.
The executive director, SUCTAL PICHAI, warned that the group would further increase their investments to raise their capital expenses to “about 85,000 million dollars” this year.
“We are excited about the opportunities that are presented to us,” he said in the statement.
This information was not well received on Wall Street: Alphabet’s shares lost 1.20% in electronic operations after the closure of the New York Stock Exchange.
Google generative services are under the magnifying glass, from AI attendees for consumers to tools for organizations, marketed through their cloud (remote computer science).
“Until now, the group has managed to maintain its income from the online search, despite the Chatgpt competition,” the OpenAi assistant, said Yory Wurmser, an emarketer analyst.
YouTube also records solid growth, with 9.8 billion dollars in advertising revenues for the April-June period (+13%), supported by the launch of new advertising formats.
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