Google points to many ways it can win in A.I. even as online ad market shows cracks

CNBC July 25, 2023
Jennifer Elias

Key Points

– Alphabet’s second-quarter results showed the company remains a strong option for advertisers and users even as artificial intelligence chatbots emerge.

– Google is also proving to investors that it has multiple ways to grow, benefiting from a boom in cloud spending by AI companies.

Alphabet has faced a lot of noise this year around the health of its core search business, due to a slumping digital ad market and the longer-term potential for artificial intelligence chatbots to take traffic.

In its second-quarter earnings report on Tuesday, the company showed it has any numbers of ways to succeed despite those very real challenges.

Google’s revenue rose 7% to $74.6 billion from $69.7 billion in the year-earlier period, topping...

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