Alphabet, Google’s parent company, exceeded expectations in its Q2 earnings, with a 14% revenue increase to $96.4 billion and a 22% rise in earnings per share to $2.31. CEO Sundar Pichai emphasized the strategic development of their AI stack over the past decade during a post-earnings call. A standout is Google Veo 3, a new AI model for generating high-quality videos, which has produced over 70 million videos since its release. Google Cloud also thrived, reporting a 32% revenue boost to $13.6 billion, driven by strong demand for AI solutions and doubling customer deals. Alphabet’s Search showed double-digit growth, with AI Mode attracting over two billion monthly users. Meanwhile, YouTube expanded significantly, with Shorts achieving unprecedented revenue per watch hour. Pichai confirmed plans to enhance AI features and bolster cloud investments, projecting an $85 billion capital expenditure in 2025. Overall, Alphabet showcased robust growth across AI, Cloud, and digital content.
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