Google parent Alphabet posts 29% jump in profit on digital ad growth, AI offerings

 Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year.Alphabet’s results underscore robust demand for digital ads, driven by events like the Paris Olympics and elections in several countries including the US, while a recovery in enterprise spending is boosting its software business.Strong adoption of generative artificial intelli ...