Google's corporate parent still prospering amid shift injecting more AI technology in search
Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire
SAN FRANCISCO — Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire.
The second-quarter report released Tuesday showed that Google is still reeling in advertisers on the heels of the May introduction of an artificial-intelligence feature that produces conversational responses to people’s search queries while downplaying its traditional display of related links to other websites.
Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet’s success.
“AI is expanding the kinds of queries we can address,” Alphabet CEO Sundar Pichai assured analysts during a Tuesday conference call. He repeatedly extolled AI as a technology he expects to transform society and that has made Google a better company.
Alphabet’s revenue for the April-June period climbed 14% from the same time last year to $84.74 billion. The Mountain View, California, earned $23.62 billion, or $1.89 per share, a 29% increase from the same time last year. It marked fourth-consecutive quarter that Alphabet’s year-over-year revenue growth has surpassed 10%, although the pace during the April-June period slowed slightly from the January-March span.
The performance for the most-recent quarter exceeded the analyst projections that steer investors, according to FactSet Research.
“Although far from the blowout we saw last quarter, these numbers leave no doubt that
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