Google, Microsoft top expectations as AI rivalry heats up
Google parent Alphabet beats market expectations in the first quarter of 2023 with a net profit of US$15 billion. – EPA pic, April 26, 2023.
GOOGLE parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of US$15 billion, the company said yesterday, in a sign that the search engine behemoth is regaining its footing. The tech titan has found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a major challenge by Microsoft on artificial intelligence.
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