Business & Economy · 180 views
Anthropic and SpaceX just handed Google the biggest profit quarter in company history—on paper
Alphabet made history Wednesday with a quarterly profit that stretched into 12 figures for the first time in the search giant’s history—and perhaps for the first time in any company’s history.
AI Summary
A significant investment by Alphabet, the parent company of Google, has led to a substantial profit for the company. The profit was largely driven by a $99 billion increase in the value of Alphabet's stakes in Anthropic and SpaceX.
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