"AI'm Feeling Lucky Alphabet's stock has climbed more than 70% from its April low. Its cloud-computing unit's revenue surged a better-than-expected 32% in the second quarter, lifted by demand for new AI offerings like the Gemini chatbot from its Google subsidiary. Earlier this month, Google Cloud's CEO said the company's already made billions from AI and has $106 billion in customer demand for its cloud computing services."
"On Tuesday, YouTube announced a slew of new AI offerings, mainly aimed at content creators. The tools will allow them to use AI to add backgrounds and special effects to their videos, while podcasters (a growing space for YouTube) can generate videos and highlight reels. Creators can also consult AI for analytics and feedback. AI's also being used to boost monetization. Google Ads will use AI to recommend creators to brands for potential partnerships."
Alphabet reached a $3 trillion market capitalization after a favorable antitrust ruling and growing investor enthusiasm for its AI investments. A US court ruled the company did not need to divest Chrome or Android, easing regulatory concerns. Strong AI demand helped Google Cloud revenue increase 32% year-over-year in Q2, with leadership saying the company has already generated billions from AI and $106 billion in cloud demand. Alphabet is diversifying beyond ad revenue from Google and YouTube by integrating AI across products. YouTube launched creator-focused AI tools for editing, analytics, and monetization, while Google Ads and YouTube shopping expand creator-brand and social-commerce features.
Read at The Daily Upside
Unable to calculate read time
Collection
[
|
...
]