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GOOGL / Google's parent company is leveraging AI to improve productivity and operational efficiency, but efforts will take time to reflect on balance sheet, analysts say

Google's parent company is leveraging AI to improve productivity and operational efficiency, but efforts will take time to reflect on balance sheet, analysts say
Alphabet Inc (NASDAQ:GOOG) is on the right track by betting big on artificial intelligence, but it likely won't see its efforts pay off on the balance sheet until its cost reduction initiatives take hold, according to analysts. In a note following its 4Q 2022 results, which highlighted slowing revenue and contracting margins, analysts at Canaccord zeroed in on the Big Tech giant's AI initiatives. Read More
Posted: Feb 3 2023, 11:23
Author Name: Proactive Investors
Views: 102355

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