Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Shares of the company were up as much as 3% in after-hours trading. The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected.

Analysts note new tax provisions could be giving the large technology companies even more flexibility to invest in chips and other AI infrastructure.

For more, check out Google's plans for smart glasses with AndroidXR.

Google is weaving AI deeper into shopping with virtual try-ons, personalized price alerts, and shoppable inspiration

On the developer front, Google said more than 9 million have built with Gemini and over 70 million videos have been produced with the Veo 3 AI model since May. Google Vids, a Veo-powered feature for text-to-video AI generation in Google Workspace, now has nearly 1 million monthly active users.

Google said it won't be crawling your LLMS.txt files and just do normal SEO if you want to rank in its AI Overviews.

Will Tariffs And AI Continue To Dominate The Market Narrative? "If new duties are announced, most merchants can achieve compliance within hours" using Shopify's enhanced Managed Markets product, President Harvey Finkelstein said in the May 8 first-quarter earnings call.