Wall Street wants to know how Google's going to profit from AI
Publishing timestamp: 2023-10-24 19:55:48
Summary
Google's third quarter earnings conference focused on how the company plans to turn AI into profit. Executives mentioned early success with ads but remained vague about other products. The company has yet to release its Search Generative Experience to the general public. Questions were raised about the return on investment for AI efforts. Despite revenue growth, the stock dropped due to disappointing cloud revenue. Executives emphasized that it is still early days for AI and highlighted the potential for monetization.
Sentiment: MIXED
Keywords: alphabet inc, business news, breaking news: technology, alphabet class c, google, technology, internet,
Source: https://www.cnbc.com/2023/10/24/wall-street-wants-to-know-how-googles-going-to-profit-from-ai.html