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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

Google’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
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Microsoft's cloud revenue growth disappoints investors, shares drop 2%

Microsoft's cloud revenue growth disappoints investors, shares drop 2%

By Aditya Soni and Stephen Nellis April 29 (Reuters) - Microsoft's modest increase in quarterly cloud revenue growth on Wednesday failed to impress investors worried about rising competition in the artificial intelligence race, and its shares fell more than 2% in extended trading.
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Alphabet's Q1 Revenue Surge Driven by YouTube and AI Innovations

Alphabet's Q1 Revenue Surge Driven by YouTube and AI Innovations

Alphabet's Q1 Revenue Surge Driven by YouTube and AI Innovations
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Alphabet Reports 11% Increase in YouTube Ad Revenue, Approaching $10 Billion

Alphabet Reports 11% Increase in YouTube Ad Revenue, Approaching $10 Billion

Alphabet Reports 11% Increase in YouTube Ad Revenue, Approaching $10 Billion
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Amazon tops cloud expectations on strong AI demand, shares rise

Amazon tops cloud expectations on strong AI demand, shares rise

By Deborah Mary Sophia and Greg Bensinger April 29 (Reuters) - Amazon.com on Wednesday reported cloud sales growth above Wall Street expectations, driven by strong enterprise spending as companies continue to devote tremendous resources to their artificial intelligence efforts. 
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Alphabet's Q1 Earnings Expected to Show Growth Driven by Cloud Services

Alphabet's Q1 Earnings Expected to Show Growth Driven by Cloud Services

Alphabet's Q1 Earnings Expected to Show Growth Driven by Cloud Services
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Alphabet investors push for safeguards on use of its cloud, AI tech

Alphabet investors push for safeguards on use of its cloud, AI tech

By Simon Jessop LONDON, April 29 (Reuters) - A group of Alphabet shareholders are pressing the company to explain how it governs and controls the use of its technology and cloud services by governments for surveillance after the tech giant rejected calls for greater disclosure.
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Macquarie Bank Utilizes Gemini Enterprise to Enhance Productivity, Saving 130,000 Hours

Macquarie Bank Utilizes Gemini Enterprise to Enhance Productivity, Saving 130,000 Hours

Macquarie Bank Utilizes Gemini Enterprise to Enhance Productivity, Saving 130,000 Hours
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Mega-Cap Tech Earnings Under Scrutiny Amid High Expectations

Mega-Cap Tech Earnings Under Scrutiny Amid High Expectations

Mega-Cap Tech Earnings Under Scrutiny Amid High Expectations
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Alphabet's cloud unit beats quarterly revenue estimates on strong AI demand

Alphabet's cloud unit beats quarterly revenue estimates on strong AI demand

April 29 (Reuters) - Alphabet topped Wall Street estimates for quarterly revenue growth at its cloud computing unit on Wednesday, driven by sustained enterprise spending on artificial-intelligence infrastructure. Shares of the company were up about 4% in extended trading.
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Hyperscaler results pose major test for AI-driven US stock market

Hyperscaler results pose major test for AI-driven US stock market

By Lewis Krauskopf NEW YORK, April 29 (Reuters) - A pivotal moment for the artificial intelligence trade driving the U.S. stock market to all-time highs arrives on Wednesday with quarterly reports from four massive companies at the heart of the investment boom behind the new technology.
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Big Tech investors to gauge payoff as AI spending set to hit $600 billion

Big Tech investors to gauge payoff as AI spending set to hit $600 billion

By Aditya Soni and Deborah Mary Sophia April 28 (Reuters) - Big Tech has spent hundreds of billions of dollars over three years to power the artificial intelligence boom. But investors still want one answer: will all this pay off?