Alphabet says still expects quarterly capital expenditures at or above $12B

Says AI overview in Lens leads to increase of visual search. Says views on YouTube CTV increased more than 130% over past three years. Says monetization rates for Shorts showing healthy growth. Says last year viewers watched 30B hours of shopping related videos. Says shopping remains key area of investment. Says Q2 performance driven by search and cloud. Says pleased with YouTube growth. Says significant growth in subscriptions business. Says anniversaried price increase for YouTube TV in Q2. Says cloud continued to deliver strong results. Says particularly encouraged that majority of top 100 customers are already using AI solutions. Says headcount declined quarter-on-quarter. Says expects slight increase in headcount in Q3. Says still expects to deliver FY24 operating margin expansion relative to 2023. Says still expects quarterly capital expenditures at or above $12B. Says has chosen to commit to multiyear investment of $5B for Waymo. Comments and guidance taken from Q2 earnings conference call.