The article discusses Alphabet Inc.’s (Google’s corporate parent) first-quarter financial results, which showed steady growth despite the ongoing tech industry slump. Key points include: Alphabet reported revenue of $69.79 billion, a 3% increase from the same period last year, beating analysts’ expectations. The company’s advertising revenue grew modestly, while its cloud computing business saw significant growth. Alphabet’s CEO, Sundar Pichai, highlighted the company’s focus on AI as a key driver for future growth and innovation. However, the company also announced plans to slow hiring and moderate operating expense growth. The results demonstrate Alphabet’s resilience amid economic headwinds and increasing competition in the tech industry. The company’s diversified business model and investments in AI position it well for long-term growth.