Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Shares of the company were up as much as 3% in after-hours trading. The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected.

Wednesday’s report follows Alphabet’s better-than-expected Q1 release earlier this year, in which the company reported year-over-year growth of 12% and 49% for its top and bottom lines, respectively, after Google’s search unit generated more in sales than analysts projected.

The search giant predicted a further capital spending boost next year and cited massive demand for its cloud computing services.

The UK's competition regulator may require Google to offer users alternative search engines; change how it ranks searches; and improve data portability.

Last fall Google tested removing rich hotel booking options from Search, but soon abandoned that effort. Now the EU may be about to formally charge Google for violating Digital Markets Act anti ...

Alphabet , faced with unprecedented threats from AI rivals, will be keen to assure investors this week that the company's own spending on the technology is helping it dig a deeper moat around its search and advertising businesses.