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Alphabet Reports Strong Q4 2024 Results Fueled by AI and Cloud Growth

  • Alphabet, Google’s parent company, reported strong Q4 2024 results, with revenue of $96.5 billion, a 12% YoY increase.
  • Key drivers of growth were Google Services, with revenue increasing 10% to $84.1 billion, and Google Cloud, experiencing a 30% revenue surge to $12.0 billion.
  • Alphabet's focus on AI innovation played a significant role, powering features across Google's core products, including search, YouTube, and Google Cloud.
  • Alphabet plans to invest $75 billion in capital expenditures in 2025 to fuel AI research, expand cloud computing infrastructure, and invest in next-generation computing power.

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