CNBC’s MacKenzie Sigalos reports on leadership changes inside Alphabet’s AI lab, including Jeff Dean’s departure, Demis Hassabis stepping back from day-to-day management, and growing pressure on Google’s talent ranks.

The biggest contributor was AWS, as cloud revenue increased 37% year over year to $42.2 billion, marking the segment's fastest growth in 18 quarters. CEO Andy Jassy noted that the growth was fueled by strong demand for the company's AI and chips businesses,

Greek Cypriot AI pioneer Demis Hassabis becomes Alphabet's Chief Scientist, strengthening his leadership of Google DeepMind and AI innovation.

The Google parent has seen its stock price head skyward since its 2004 IPO and has conducted stock splits as a result. Here's a close look at Alphabet' splits.

The people who know these AI pioneers best are sending a worrisome message.

Alphabet just delivered a 24% revenue surge and a 210% free cash flow collapse in the same quarter, and the stock is rallying anyway. The bull and bear cases have never been more directly at war with each other.

Alphabet has announced a major AI leadership reshuffle, appointing Demis Hassabis as Chair of Google DeepMind and Chief Scientist of Alphabet while Koray Kavukcuoglu takes over as Senior Vice President of Google DeepMind.

Alphabet's spending plan boost is great news for several companies.

Nvidia(NASDAQ: NVDA) stock has advanced 1,300% since the artificial intelligence (AI) boom began in January 2023. The company's success, in terms of both financial results and share price appreciation,