Alphabet market value exceeds $3tn
Shares in Google’s parent company up more than 30% since late July
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Google set to double AI spending to $185bn after strong earnings
Search giant reports more than $400bn in annual revenue for the first time
Google is a near-$4tn monument to monopoly power
As threat from ChatGPT recedes, users are searching more with the market leader and monetisation seems to be intact
Microsoft profits soar almost 25% on boom in cloud computing
US tech giant’s valuation set to pass $4tn as investors embrace plans to spend $120bn on artificial intelligence next year
Big tech’s big gamble
How much AI is the market willing to finance?