Google-parent Alphabet says AI powered strong earnings

Google-parent Alphabet on Wednesday reported that revenue and profit climbed in the recently ended quarter powered by its investments in artificial intelligence.

"Our AI investments and full stack approach are lighting up every part of the business," Alphabet chief executive Sundar Pichai said in an earnings release.

The tech giant reported that it made a profit of $62.6 billion on revenue just shy of $110 billion, easily eclipsing the same period a year earlier and beating market expectations.

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