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View all search resultsAlphabet is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock.
Alphabet's Google asked a judge on Friday to postpone making the company share data with rivals while it challenges a ruling that the company holds an illegal monopoly in online search, according to court papers.
Google parent Alphabet reported its first-ever US$100 billion quarterly revenue on Wednesday, powered by strong growth across its core search business and rapidly expanding cloud division that was buoyed by artificial intelligence.
Fears of a slowing global economy have prompted companies to curb spending on cloud-related services, including expensive AI tools, which has slowed revenue growth at Google's cloud unit to 22.5% in the third quarter, from 28% in the prior three-month period.
Google, which generates more revenue from internet advertising than any other company, benefited from lockdowns that drove retail and other clients online, helping offset cutbacks by travel and entertainment advertisers.
The idea behind Loon was to build a network of balloons to expand internet connectivity to underserved areas and disaster zones and was initially part of an Alphabet "moonshot factory" known as X, which aims to create projects to disrupt new sectors.
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