Google parent Alphabet is still making bank, but faces fierce competition in search and generative AIs

Google says it made revenues totaling $69.8 billion in the first quarter of 2023, which is a three percent year-over-year increase but a modest result compared to the $76 billion recorded in the previous quarter. However, net income was slightly up at $15.05 billion versus the $13.62 billion recorded in the last three months of 2022.

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