Investors trust Google more than Meta when comes to spending on AI

Sundar Pichai, CEO of Alphabet. Source: Alphabet Meta and Alphabet both beat expectations in their earnings reports on Wednesday, each recording their fastest growth in years. They also lifted their guidance for capital expenditures for the year, telling investors that they’re going to keep pouring money into artificial intelligence infrastructure. But despite their similarly upbeat…

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Google’s subscriptions rise in Q4 as YouTube pulls $60B in yearly revenue

Alphabet-owned YouTube’s subscription and advertising revenues are trending upward. The company said Wednesday it now has 325 million paying users on Google One and YouTube Premium, up from 300 million three months ago. YouTube reported fourth-quarter advertising revenue rose 9% to $11.38 billion, but missed analysts’ average estimate of $11.84 billion. YouTube’s revenue, including advertising…

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