The City Mail

Alphabet’s first-quarter profit soars as Google’s big AI bets help push stock to new highs

Alphabet’s first-quarter profit soars as Google’s big AI bets help push stock to new highs

Googleโ€™s transition into the era of artificial intelligence continued to pay off for its corporate parent, Alphabet Inc., which on Wednesday announced another quarter of the stellar growth that helped to more than double its already lofty market value during the past year. Alphabet earned $62.6 billion, or $5.11 per share, during the January-March period,…

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