The article discusses Alphabet Inc.’s (Google’s corporate parent) first-quarter earnings report, which showed steady growth despite the ongoing tech industry slowdown. Key points include: Alphabet reported revenue of $69.79 billion, a 3% increase from the same period last year. The company’s digital advertising business, which generates most of its revenue, experienced a modest uptick. YouTube’s advertising sales increased by 14% to $6.69 billion. Alphabet’s cloud computing division reported a revenue increase of 28% to $7.45 billion. However, the company’s operating costs rose by 14%, leading to a 7% decline in profit. Alphabet’s CEO Sundar Pichai highlighted the company’s focus on AI, stating that it will be an important driver of its efforts in search, cloud computing, and other areas. The report suggests that Alphabet’s diversified business model and investments in AI are helping it navigate the tech industry’s challenges.