Alphabet’s revenues jumped 14 per cent in the second quarter, with double-digit growth in advertising suggesting that AI chatbots like OpenAI’s ChatGPT have not yet made a dent in queries on its dominant search engine.
Even stronger growth in its cloud computing business demonstrated the rapacious demand for computing and data services as Big Tech companies and start-ups race to build large language models and integrate AI into their businesses.
Revenues rose to $84.7bn from $74.6bn in the three months to June, the Google’s parent company said on Tuesday, beating the average analyst’s estimate of $84.2bn. Net income was $23.6bn, up 28 per cent in the same period a year earlier, again narrowly exceeding expectations.
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