Google parent Alphabet sees AI investment providing long-term opportunities

For Google and other tech titans, the rise of artificial intelligence remains a big focus for investors as the emerging technology reshapes the tech landscape, transforming the business of search, cloud and advertising, but it also comes with a cost. 

Shares of Google parent Alphabet fell more than 7% on Wednesday, a day after the company reported quarterly results. Despite beating expectations on many key metrics, the company said capital spending will jump in 2024 as it continues to invest in AI to improve its