Google is projected to announce earnings of $2.18 per share on revenue of $94 billion, fueled by advancements in AI and strong performance in cloud services. The incorporation of Google Cloud by OpenAI for ChatGPT signifies strategic growth for Google's cloud business, which continues to draw robust enterprise demand. However, analysts express concerns regarding recent antitrust setbacks that challenged Google's advertising technology monopoly, alongside a notable decline in search activity for the first time in 22 years due partly to the rise of AI-driven search alternatives.
Google is expected to report earnings of $2.18 per share with revenue reaching $94 billion, driven by momentum in AI-related ventures and cloud services.
OpenAI's decision to add Google Cloud to its storage providers for ChatGPT highlights the growth of Google's cloud services amid increasing enterprise demand.
Despite positive projections for earnings, concerns arise from Google's recent antitrust losses and a decline in search activity for the first time in 22 years.
The competition from AI chatbots, like ChatGPT and Microsoft Copilot, has influenced reductions in Google's search engine activity as reported during its antitrust trial.
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