Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Shares of the company were up as much as 3% in after-hours trading. The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected.

Analysts note new tax provisions could be giving the large technology companies even more flexibility to invest in chips and other AI infrastructure.

For more, check out Google's plans for smart glasses with AndroidXR.

Donald Trump's administration took action against 'woke AI'. This followed criticism of Google's Gemini chatbot. The White House highlighted concerns about bias in AI models. They cited examples of altered historical figures and biased image generation.

Google is weaving AI deeper into shopping with virtual try-ons, personalized price alerts, and shoppable inspiration

Today, Google announced a new AI shopping feature that can suggest outfits and home decor ideas, plus connect users with products that look similar to its recommendations. The feature will be available to U.S. users within the Google AI Mode search experience this fall.

Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background.

The second-quarter earnings season enters its busiest week. The economic calendar is packed with GDP, tariffs, the Fed, and the monthly jobs reports.