AI Helps Lift Alphabet's Subscriptions 5x Higher Than 2019's Levels

For Alphabet, the artificial intelligence (AI) boon has helped boost subscriptions.But advertising sales for the parent company of Google, having fallen just short of expectations despite surging 11%, were in focus. And as a result, investors took the shares down 3% in after-hours trading.Sundar Pichai, CEO, said that subscriptions reached $9 billion in quarterly revenues in the December period, have reached $15 billion annualized, and are up fivefold since 2019.  That accelerated growth, he said, “was driv ...