Google is still thriving while the company navigates through a pivotal shift to artificial intelligence and battles regulators trying to topple its internet empire.
The latest evidence of Google 's prosperity emerged Tuesday with the release of its corporate parent Alphabet Inc.'s results for the July-September period. Both Alphabet 's profit and revenue increased at a brisker pace than industry analysts anticipated, thanks primarily to a moneymaking machine powered by Google 's ubiquitous search engine. Alphabet earned $26.3 billion, or $2.12 per share during the most recent quarter, a 34% increase from a year ago.
com analyst Thomas Monteiro said Alphabet's showing makes it likely more good news will be coming for Big Tech as this week progresses, with quarterly reports from Microsoft, Meta, Amazon and Apple still to come in the days ahead.But a 4-year-old antitrust case brought by the U.S. Department of Justice has cast a cloud of uncertainty over Google's future.
Alphabet Sundar Pichai Artificial Intelligence Antitrust
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