Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious InvestorsAlphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday. The search giant's first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion (roughly Rs. 5,97,800 crore) in stock, adding $75 billion (roughly Rs. 6,40,362 crore) to its market value.
Source: Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious Investors (https://www.gadgets360.com/ai/news/google-deep-ai-investments-powering-ad-sales-sooth-anxious-investors-8252511#rss-gadgets-all)