Google earnings top expectations as AI battle heats up

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.

The tech titan has found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom, and a major challenge by Microsoft on artificial intelligence.

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