Nate Elliott

Alphabet Inc. reported a $98 billion net gain in Q2, driven by gains on its SpaceX stake following SpaceX's June public listing. The company's revenue rose 24% to $119.8 billion, exceeding analyst estimates, with AI investments and advertising revenue contributing to the strong performance.

Alphabet Inc. reported Q2 earnings of $112.11B and revenue of $119.8B, exceeding analyst expectations, driven by strong advertising revenue and AI investments. CEO Sundar Pichai highlighted AI's role in business growth, while Emarketer analyst Nate Elliott noted Gemini's progress toward 1 billion users and cloud business expansion.

Alphabet Inc. reported Q2 earnings of $112.11 billion, exceeding Wall Street expectations, driven by AI investments and strong advertising revenue. Revenue rose 24% to $119.8 billion, with digital ads and cloud growth fueled by AI advancements.

Alphabet Inc. reported Q2 earnings of $112.11B, exceeding expectations, driven by AI investments and strong ad revenue. Revenue rose 24% to $119.8B, with AI products like Gemini nearing 1 billion users and cloud growth fueled by AI demand.

OpenAI faces skepticism over its ChatGPT ad revenue projections, with analysts calling the goals unrealistic. Advertisers note the platform's rudimentary state compared to Google and Meta, despite geographic expansions and new capabilities. OpenAI aims to build an ad business rivaling tech giants but must overcome significant challenges.

OpenAI filed confidential SEC paperwork for a potential IPO, joining Anthropic and SpaceX in pursuing Wall Street debuts. The company reorganized as a public benefit corporation and recently won a legal battle against Elon Musk, but faces competition from Google and Anthropic while operating at a financial loss.