Google's Finances Are in Chaos as the Company Flails at Unpopular AI
Google's parent company Alphabet failed to hit sales targets, falling a mere 0.1 percent short of Wall Street's expectations. As the New York Times reports, the whiff was due to slower-than-expected growth of its Google cloud-computing division, which delivers its AI tools to other businesses. While a reported $96.5 billion in revenue versus the expected $96.6 billion sounds well within a margin of error, it could signal that Google's struggling to keep up with much larger AI cloud computing services from the likes of Amazon and Microsoft. That's despite Alphabet committing a whopping $75 billion on capital expenditures as […]
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