Google shares rise on strong revenues

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Is the future of AI in the hands of Google?

Google has posted better-than-expected results for the three months ending 31 December.

Revenues jumped 32% and beat expectations of $71.652bn. Profits hit $20.6bn.

Advertising revenues jumped from $46.2bn to $61.2bn.

Shares in the company jumped 7% in after-hours trading.

Sundar Pichai, chief executive officer of Alphabet and Google, said: “Our deep investment in AI technologies continues to drive extraordinary and helpful experiences for people and businesses, across our most important products.”