Author: Rani Molla

Alphabet reported that search queries are growing at their fastest pace in five years, yet revenue growth for Google Search slowed during the third quarter. At the same time, the company continues to face challenges in generating the same level of financial returns from artificial intelligence as it does from its traditional search operations.

Apple reported record annual revenue and earnings per share alongside strong fourth-quarter sales for both iPhones and Macs. The company is capitalizing on the ongoing artificial intelligence boom while keeping its infrastructure spending lower than that of its competitors.