Overall, Alphabet's financials are solid as the recent influx in AI services to mainstream customers and a surge in YouTube Ad revenue landed the giant a respectable 15% increase in revenue at $88.2 billion compared to last year. Interestingly, the operating income for Google Services is up by 28%, even when you factor in the costs of running those AI models. Google Cloud, offering cloud computing and generative AI solutions, sees a substantial 7.3x uplift in the operating income at $1.94 Billion.

All things considered, it appears that Google's more AI-centric approach is working. While threats about potential job displacements are still looming, Google is doing all it can to appease shareholders and maintain its status in the market.