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This is what it looks like when Google dances [Business Insider]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Google's future plans include large investments in AI and a generative AI search engine. Microsoft CEO Satya Nadella said last year that he wanted to make Google dance . He certainly did. Parent company Alphabet reported blockbuster Q1 earnings on Thursday that blew past analyst estimates. A 15% revenue bump year over year sent stocks soaring. It also issued a $0.20 per share dividend — its first ever. "This is a new Google," Wedbush analyst Dan Ives said on CNBC. "The next 6-9 months will really start a goldmine situation for them on AI." Google has spent the past 18 months battling a narrative that it's fallen behind in AI, a field it helped pioneer Since OpenAI launched ChatGPT Google has been knuckling down on building its own new large language models and trying to infuse all of its biggest products with AI, including YouTube and Workspace It's been streamlining, reorganizing , and cutting headcount (although notably, Google has just over 180,000 full time employee
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