• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Alphabet boss Sundar Pichai is about to give the most important business update since he became CEO of the Google search empire
Finance

Alphabet boss Sundar Pichai is about to give the most important business update since he became CEO of the Google search empire

July 25, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Alphabet boss Sundar Pichai is about to give the most important business update since he became CEO of the Google search empire
Share
Facebook Twitter LinkedIn Pinterest Email

After two decades of dominance, is Google’s vaunted internet search business about to be dethroned by A.I.?

Alphabet, Google’s parent company, will release its quarterly earnings report after Tuesday’s market close, providing investors with some of the first data to help answer the question. The rise of generative A.I. tools over the past several months, and Google rival Microsoft’s embrace of A.I. in its Bing search engine in particular, make this one of Alphabet’s most highly anticipated earnings reports in years.

Expectations are “far more moderate, in terms of what investors are expecting from Alphabet, so the quarter might actually set up pretty well for them,” said Bernstein analyst Mark Shmulik. Still, with Alphabet shares up roughly 40% so far this year, the stock has room to fall.

Among the key questions for investors are the extent to which conversational A.I. chatbots like Bing Chat and ChatGPT have stolen users and advertising from Google Search, and how the new competition has affected Google’s internal spending and profit margins, especially given Google’s recent efforts to cut costs, laying off more than 12,000 jobs in early 2023.

“When they originally shared the comments around margin expansion at the beginning of the year, that was prior to all this stuff happening around A.I., and so effectively, the investment priorities have changed,” Shmulik said.

Wall Street analysts expect Alphabet to report $72.8 billion in revenue for the quarter ended June 30, which would represent a 4.5% increase year over year, and a notable slowdown from the same period last year, when Alphabet grew its top line by 13%. Analysts expected earnings per share of $1.34 for the quarter.

See also  Microsoft CEO Satya Nadella Highlights Dominance of Internet Giant's 'Web' of Services

Alphabet generates roughly 80% of its revenue from online advertising, with the ads served up by Google’s search engine ranking among the company’s most lucrative services. Analysts and investors are worried that new A.I. bots, like Bing Chat, will cut into Google’s longtime moneymaker by answering users’ queries directly and making Google’s search page a less central destination on the internet.

Google has responded by releasing its own A.I. search tool, called Google Bard. And Google cofounder Sergey Brin has reportedly returned to the company to help with A.I. efforts, in a sign of how seriously the company views the opportunity and threat of A.I.

Investors will be looking for more details about these efforts when Alphabet CEO Sundar Pichai leads the conference call on Tuesday. In June, Pichai said that Google was better positioned for A.I. than it was during the shift to mobile computing a decade ago.

There have been mixed signals about the state of the search market, with some reports suggesting that the initial excitement around ChatGPT has cooled off and that the impact on Google’s search market share has so far been modest. “Anything that requires consumer behavior to change I’m always very skeptical,” Bernstein’s Shmulik said.

Shmulik was behind one of the two reports that smacked Alphabet stock with downgrades last month, but now that the bar has been lowered he sees the potential for surpassing expectations.

Search revenue will be key—people will want to see sequential growth from the first quarter. But search market share is also on investors’ minds.

See also  Modi Meets with U.S. Intellectuals and Business Leaders, Including ‘Fan’ Elon Musk

Alphabet’s spending plans as a result of the A.I. wave will also be in the spotlight. The specialized servers and chips required to power A.I. could potentially drive up Alphabet’s capital expenditures, particularly as competition remains fierce with cloud providers like Microsoft Azure and Amazon AWS.

And the race to hire A.I. talent could push up operating expenses. According to Barclays, however, Google’s deep ranks could give it an advantage. Barclays describes Google’s employee army as more efficient than that of Meta, TikTok, and Snapchat in an employee-to-user and scale ratio.

The hoarding of engineers that Google has conducted over the past few years will pay dividends, “in terms of shipping new products compared to other companies in consumer internet and software, but time will tell,” wrote Barclays analyst Ross Sandler in a May report.

This story was originally featured on Fortune.com

More from Fortune:
5 side hustles where you may earn over $20,000 per year—all while working from home
Looking to make extra cash? This CD has a 5.15% APY right now
Buying a house? Here’s how much to save
This is how much money you need to earn annually to comfortably buy a $600,000 home

Alphabet boss Business CEO Empire Give Google Important Pichai Search Sundar update
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Feds Push To Dismantle Google’s Ad Empire After Landmark Antitrust Ruling

May 6, 2025

Zuckerberg’s Trillion-Dollar Meta Empire Sits On Razor’s Edge As Antitrust Case Rolls On

April 26, 2025

Business Experts Sound Alarm On DEI Initiatives In Corporate America

April 22, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

‘Darkest Day In The History Of The SEC’: Biden Admin Approves Final Corporate Climate Risk Disclosure Rule

March 6, 2024

‘RHOA’ Star Cynthia Bailey’s Ex-husband Sued by Landlord Over Alleged Unpaid Rent on New Miami Restaurant

June 30, 2023

Golf Influencer Paige Spiranac Takes Heat for Hot Shot of Barely-There Skirt

November 14, 2023

Trump Says He Expects Indictment Over Jan. 6 ‘Any Day Now’

August 1, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Mob Of Almost 50 Steals Up To $100,000 In Merchandise From Los Angeles Store

August 15, 2023

WeWork plans to file for bankruptcy as early as next week, source says

November 1, 2023

The Top Vaccines And Their Effectiveness

April 9, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.