"Alphabet Stock Slides as Google Ad Revenue Misses Expectations"

Alphabet's stock slipped over 5% after the company missed analysts' expectations on ad revenue in its fourth quarter earnings report, despite reporting higher revenue and continued growth in its cloud business. The company is focusing on streamlining its business to achieve cost savings and efficiency, including laying off hundreds of workers and investing in AI. Google's executives addressed concerns about AI potentially disrupting the company's search products, emphasizing that AI tools expand Google's arsenal and offer a breadth and depth of information to users.