Google » is increasingly relying on artificial intelligence (AI) » in its software development process, with over a quarter of its new code now being generated by AI, as revealed by CEO Sundar Pichai » . Although engineers continue to review and validate this AI-generated code, the shift marks a significant step in the company’s growing dependence on AI technology. Pichai emphasized AI’s central role in Google’s strategy for expansion, particularly as AI continues to reshape the tech industry.
In its Q3 2024 earnings report, Alphabet, Google’s parent company, announced total revenue of $88.3 billion. Within that, Google Services, which includes key offerings like Search, brought in $76.5 billion, reflecting a 13% year-over-year growth. Additionally, Google Cloud » , which is expanding its AI-driven infrastructure offerings, generated $11.4 billion in revenue, showing an impressive 35% increase compared to the same period last year.
The company also saw significant improvements in operating income. Google Services reported $30.9 billion in operating income, up from $23.9 billion in the previous year. Google Cloud experienced even greater growth, with operating income reaching $1.95 billion, a substantial jump from the $270 million reported the year before. This growth underscores the growing profitability of Google’s AI-powered services and solutions. Read More »
Share