Summary:
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AI-Generated Code
More than 25% of new code at Google is now generated by AI, as announced by CEO Sundar Pichai during the Q3 2024 earnings call. -
Financial Performance
Alphabet reported $88.3 billion in revenue for the quarter, with Google Services revenue at $76.5 billion, reflecting a 13% year-over-year increase. -
Strong Growth in Cloud Services
Google Cloud revenue reached $11.4 billion, marking a 35% year-over-year increase, showcasing the growing importance of AI infrastructure products. -
Operating Income Surge
Operating income for Google Services rose to $30.9 billion, up from $23.9 billion last year, while Google Cloud operating income surged to $1.95 billion from $270 million. -
AI Enhancements in Services
Pichai noted that new AI features are enhancing search capabilities and driving deeper product adoption in Cloud services, contributing to significant growth in ad revenues for YouTube.
Read more at: The Verge | Google Blog