Google’s parent company, Alphabet Inc., reported a strong second quarter with $28.2 billion in earnings, a 19% increase from last year, and $96.4 billion in revenue, a 14% increase. The company is investing heavily in AI technology, leading to a $10 billion increase in capital expenditures. Despite initial investor concerns, Alphabet’s stock rose more than 2% in extended trading as executives highlighted Google’s AI progress. Google’s search-driven ad revenue reached $54.2 billion, a 12% increase, while Google Cloud division revenue rose 32% to $13.6 billion, supporting the company’s market value of $2.3 trillion. However, an ongoing antitrust case could impact Google’s future.

Read more at Yahoo Finance: Google’s AI push pays off with solid second quarter, but doubts about company’s future persist