Google set to double AI spending to $185bn after strong earnings
Search giant reports more than $400bn in annual revenue for the first time
Search giant reports more than $400bn in annual revenue for the first time

Search giant increases its financial backing to help the AI lab add computing power to run its models

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

AI start-up secures more computing capacity as annualised revenues hit $30bn

The company has defended search but its dominant position in online advertising may still be up for grabs

Earnings hint at growth trajectory despite increases in capital spending

Earnings reports of major players show how artificial intelligence services are boosting revenues