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Alphabet's Earnings Beat Expectations on AI Growth
Alphabet, the parent company of Google, announced strong financial results for the second quarter of 2026, exceeding analyst expectations thanks to high demand for cloud computing services and a surge in artificial intelligence applications. The increase in the value of its investments, totaling $99 billion in holdings in entities such as Anthropic and SpaceX, boosted net profits. CEO Sundar Pichai also confirmed that the company's investments in artificial intelligence are contributing to operational expansion, with the gaming service "Jimine" reaching 950 million active users and processing approximately 22 billion lines of code per minute. Capital expenditure rose by 100% annually to $44.9 billion, slightly surpassing expectations, reflecting ongoing expansion in infrastructure and data centers dedicated to AI.
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