Posted 1/29/2024, 1:00:00 PM
Google Earnings and Outlook Driven by AI, Cloud, Ads; Facing Generative AI Competition
- Google earnings outlook focused on AI impact, cloud computing, capital spending, ad business
- Generative AI competition from Microsoft partnership with OpenAI a key concern
- Cloud business growth missed estimates last quarter; Microsoft gaining share?
- Digital ad business set to reaccelerate in 2024 on Fed rate cuts
- Capital spending ramping to support general AI efforts across search, YouTube, cloud