According to Jinshi's report on July 26, Alphabet, Google's parent company, announced its second-quarter 2023 financial report today, with revenue of US$74.6 billion, a year-on-year increase of 7%, marking Google's second consecutive quarter of accelerated growth. Analysts say online advertisers have boosted spending in recent months, a relief for tech companies that rely on revenue to fund research on artificial intelligence and other remote projects. Continued economic uncertainty and concerns about competition from products such as ChatGPT, developed by OpenAI, have weighed heavily on Google. In May, the company gave investors some relief when it unveiled a slew of artificial intelligence products, including a new version of its search engine, at its annual developer conference. Google's cloud computing unit, a central part of its AI strategy, posted $8 billion in revenue, up 28% year-over-year. Advertising revenue was $58 billion, up about 3% from a year earlier. The company reported ad sales declines for the past two consecutive quarters, a rare decline for one of the tech industry's most stable businesses.