Nearly everyone uses Google search, YouTube, or the Android operating system. As a result, Google’s parent company, Alphabet, has prospered. Its annual sales grew $20.5 billion to $110.8 billion in 2017, vaulting it into the top 25 of the Fortune 500 list. But last year’s $12.7 billion profit was 34% lower than a year before, partly because of a $2.7 billion antitrust fine by European regulators. While Alphabet’s shares have fluctuated over the past year, they managed to rise 18% over the 12 months ending in May.
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Google Cloud chief Thomas Kurian spoke at the Goldman Sachs technology and Internet conference
The move marks a big change in Big Blue's AI plans.
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