Google's parent company, Alphabet, reported double-digit revenue growth for its second-quarter earnings on Wednesday. This is the tech giant's 12th consecutive quarter of massive revenue gains. The better-than-expected results come as investors evaluate how Alphabet's huge spending on AI has affected its bottom line and what its long-term plans are to sustain those enormous investments. The company revised its yearly capital expenditure forecast to $200bn, with quarterly spending growing 100% year over year. Alphabet is already one of the top five most valuable companies in the world, worth about $4.2tn.

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Spanish soccer players got a bizarre reward for winning the World Cup that'll probably spoil in a week or two Pete Golding drops unfiltered truth on'Ex' Lane Kiffin, and NCAA tampering: 'What have we created?' Gold medal-winning Team USA hockey players will be making an appearance on'Celebrity Family Feud' IndyCar teams come to terms on the series' first-ever charter sale, which shakes up the grid for 2027 Charlie Woods' shot at the U.S. Junior Amateur ruined by clueless golf fan's phone: 'Really, dude?' Pat McAfee announces debut album'The Diary of a Polarizing Figure' with Aug 14 release date Sophie Cunningham sparks social media meltdown by speaking out to protect women's sports Football influencer Kay Adams turns in worst Heisman pose ever, 7'9 first pitch & thick Chip Kelly Inside the DSA's base: Who makes up the Democratic socialists' core voters? China's AI threat: Is Wall Street overreacting to Kimi K3 launch? 'WE WON VENEZUELA': Trump says partnership is delivering MILLIONS of barrels of oil Jesse Watters: Democrats aren't offering anything, they have no agenda Catsimatidis sounds off on Mamdani's housing plan: 'We want common sense to prevail' FBI takes down'Most Wanted' fraudster who swindled $500M from Medicare FBI takes down'Most Wanted' fraudster who swindled $500M from Medicare Inside the DSA's base: Who makes up the Democratic socialists' core voters? 'Trump Accounts' teach kids accountability: FOX Business' Jackie DeAngelis America didn't choose this fight against Iran's regime, drone expert says'Trump Accounts' teach kids accountability: FOX Business' Jackie DeAngelis Iran foreign minister threatens'eye for an eye' after Trump's warning Iran foreign minister threatens'eye for an eye' after Trump's warning'Hot as a pistol': President Trump touts benefits of Trump Accounts America didn't choose this fight against Iran's regime, drone expert says Clark's allies quickly blamed ESPN, while leaving out the controversies that shaped his tenure. OutKick reporter Dan Zaksheske joins Dan Dakich to highlight how Ryan Clark's end at ESPN went down.

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Pete Golding drops unfiltered truth on'Ex' Lane Kiffin, and NCAA tampering: 'What have we created?' Gold medal-winning Team USA hockey players will be making an appearance on'Celebrity Family Feud' IndyCar teams come to terms on the series' first-ever charter sale, which shakes up the grid for 2027 Charlie Woods' shot at the U.S. Junior Amateur ruined by clueless golf fan's phone: 'Really, dude?' Pat McAfee announces debut album'The Diary of a Polarizing Figure' with Aug 14 release date Sophie Cunningham sparks social media meltdown by speaking out to protect women's sports Football influencer Kay Adams turns in worst Heisman pose ever, 7'9 first pitch & thick Chip Kelly Inside the DSA's base: Who makes up the Democratic socialists' core voters? China's AI threat: Is Wall Street overreacting to Kimi K3 launch? 'WE WON VENEZUELA': Trump says partnership is delivering MILLIONS of barrels of oil Jesse Watters: Democrats aren't offering anything, they have no agenda Catsimatidis sounds off on Mamdani's housing plan: 'We want common sense to prevail' FBI takes down'Most Wanted' fraudster who swindled $500M from Medicare FBI takes down'Most Wanted' fraudster who swindled $500M from Medicare Inside the DSA's base: Who makes up the Democratic socialists' core voters? 'Trump Accounts' teach kids accountability: FOX Business' Jackie DeAngelis America didn't choose this fight against Iran's regime, drone expert says'Trump Accounts' teach kids accountability: FOX Business' Jackie DeAngelis Iran foreign minister threatens'eye for an eye' after Trump's warning Iran foreign minister threatens'eye for an eye' after Trump's warning'Hot as a pistol': President Trump touts benefits of Trump Accounts America didn't choose this fight against Iran's regime, drone expert says OutKick Sports Spanish soccer players got a bizarre reward for winning the World Cup that'll probably spoil in a week or two The midfielders from Los Palacios y Villafranca received 187 and 151 pounds of fruit respectively at a town hall event. WATCH: House lawmakers blast potential IRS tax on Spain's World Cup prize House lawmakers react after Spain's $50 million FIFA World Cup prize could face federal taxes in the U.S., with bipartisan questioning on whether the IRS should take a cut of the championship payout.

What is Iran's Pickaxe Mountain? The United States has launched a 12th continuous night of strikes against targets in Iran, as Tehran threatened to launch more of its own attacks across the Gulf region, warning that "no infrastructure will be safe" unless its own security is guaranteed. US Central Command (CENTCOM) said on Wednesday that it had launched the strikes "to further degrade Iran's ability to threaten civilian mariners and commercial vessels transiting regional waters". Iran has said that strikes in the Gulf will not stop if the US continues to attack and threaten Iran. Iran's chief negotiator Mohammad Bagher Ghalibaf delivered the message in a post on X Wednesday, after US President Donald Trump threatened to attack more Iranian power plants and bridges.

Spanish soccer players got a bizarre reward for winning the World Cup that'll probably spoil in a week or two Pete Golding drops unfiltered truth on'Ex' Lane Kiffin, and NCAA tampering: 'What have we created?' Gold medal-winning Team USA hockey players will be making an appearance on'Celebrity Family Feud' IndyCar teams come to terms on the series' first-ever charter sale, which shakes up the grid for 2027 Charlie Woods' shot at the U.S. Junior Amateur ruined by clueless golf fan's phone: 'Really, dude?' Pat McAfee announces debut album'The Diary of a Polarizing Figure' with Aug 14 release date Sophie Cunningham sparks social media meltdown by speaking out to protect women's sports Football influencer Kay Adams turns in worst Heisman pose ever, 7'9 first pitch & thick Chip Kelly Inside the DSA's base: Who makes up the Democratic socialists' core voters? China's AI threat: Is Wall Street overreacting to Kimi K3 launch? 'WE WON VENEZUELA': Trump says partnership is delivering MILLIONS of barrels of oil Jesse Watters: Democrats aren't offering anything, they have no agenda Catsimatidis sounds off on Mamdani's housing plan: 'We want common sense to prevail' FBI takes down'Most Wanted' fraudster who swindled $500M from Medicare FBI takes down'Most Wanted' fraudster who swindled $500M from Medicare Inside the DSA's base: Who makes up the Democratic socialists' core voters? 'Trump Accounts' teach kids accountability: FOX Business' Jackie DeAngelis America didn't choose this fight against Iran's regime, drone expert says'Trump Accounts' teach kids accountability: FOX Business' Jackie DeAngelis Iran foreign minister threatens'eye for an eye' after Trump's warning Iran foreign minister threatens'eye for an eye' after Trump's warning'Hot as a pistol': President Trump touts benefits of Trump Accounts America didn't choose this fight against Iran's regime, drone expert says The USC-Notre Dame rivalry cancellation exemplifies how playoff expansion incentivizes teams to avoid top opponents. Bobby Carpenter joins Don't @ Me w/ Dan Dakich to discuss Warde Manuel stepping down from Michigan, the SEC potentially breaking away, is Clemson dead, and much more!

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There's a debate going on in the Trump administration over how to handle increasingly powerful Chinese AI models. The Trump administration is split over how to respond to the rapid rise of China's leading AI models, according to multiple people familiar with deliberations. The debate is broadly divided between parts of the White House, which has pushed for stricter controls on Chinese AI that may soon rival the most powerful US models, and the Commerce Department, which has viewed those restrictions as unworkable. The conundrum has become the latest flash point for the administration over AI, after China's Moonshot AI lab last week released its Kimi K3 model that rivals the top US models from Anthropic and OpenAI . In recent days, senior White House officials have discussed possible measures to stop China's AI labs from developing their models by training them on US models, a practice known as distillation, the people say.

Several federal agencies are contributing toward the interdisciplinary research efforts. Today, the White House and the Department of Energy shared some details about the types of research the Genesis Mission will undertake. The Genesis Mission was created via executive order last November with the broadly stated goal of using AI to further scientific discoveries. The Department of Energy was named as a main leader of the endeavor, but at least 15 federal agencies are now involved, including Department of Health and Human Services, the National Institutes of Health, the Department of Transportation, the Department of the Interior, NASA, the National Science Foundation, the Department of War, the Department of Agriculture and the Department of Commerce. More than $5 billion has been committed to the Genesis Mission across those departments.