Pakistan, July 23 -- Alphabet, the parent company of Google, has reported the highest quarterly profit in its history, driven by soaring demand for artificial intelligence services and strong growth across its core businesses.

Read More: Google-parent Alphabet profit soars to over $18 billion

The technology giant announced its second-quarter financial results on Wednesday, revealing a record net profit of $112.1 billion, marking the first time the company has recorded a 12-figure quarterly profit in its 27-year history. Net income increased 29.8% year-on-year, underscoring the continued momentum of the AI sector.

Alphabet also reported 24% annual revenue growth, while Google Cloud delivered one of its strongest performances to date. Cl...