Alphabet Margins Slide as Google Costs Increase

The transcript discusses Alphabet's strong growth in paid clicks and its significant spending on cloud services to compete with AWS. It highlights the challenges Alphabet faces in the cloud market against AWS and Microsoft. The discussion also covers Alphabet's financial strategies, including cash reserves and spending on Waymo. Regulatory and antitrust issues are addressed, noting low risks in the US but higher in Europe. The dominance of Alphabet and Facebook in online advertising is examined, with Amazon emerging as a potential competitor.

What are the potential revenue growth expectations for Waymo as discussed in the text?

What are the regulatory concerns mentioned that could affect Alphabet and similar companies?