Google’s A.I. Spending Spree Spooks Wall Street
This is a significant increase, and it shows that Alphabet is throwing the kitchen sink at its A.I. plans,” said Kathleen Brooks, research director at XTB, in an analyst note. What worries investors more is that Alphabet is spending money more quickly than making it.
NEW YORK — Wall Street drifted higher Feb. 5 as gains for most stocks outweighed drops for Google parent Alphabet and some ...
Some calm is returning to Wall Street, and U.S. stock indexes are making only modest moves after much of Europe and Asia rose ...
Wall Street is mixed on Wednesday as attention swings back toward how much profits companies are making and away from Trump’s ...
“The cloud division’s importance is critical in driving AI services and applications,” said Jay Woods, chief global ...
Shares of Google parent Alphabet had closed at an all-time high ahead of its fourth-quarter earnings report released Tuesday.
Alphabet has been spending heavily on an infrastructure development to support AI research and integration into products such ...
Alphabet said Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, while ...
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