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Google » is increasingly harnessing artificial intelligence (AI) in its software development processes, with CEO Sundar Pichai » announcing that over a quarter of the company’s new code is now AI-generated. Although engineers continue to review and validate this AI-driven code, this shift signifies Google’s expanding reliance on AI technology. During the Q3 2024 earnings call, Pichai emphasized the essential role AI plays in the company’s growth strategy, reflecting the broader industry transformation driven by AI advancements.
For the quarter, Alphabet, Google’s parent company, reported $88.3 billion in revenue. Google Services, which includes Search, contributed significantly with $76.5 billion, marking a 13% increase year-over-year. Meanwhile, Google Cloud, recognized for its AI-driven infrastructure, achieved $11.4 billion in revenue, showcasing an impressive 35% annual growth.
Operating income also saw substantial gains, with Google Services reaching $30.9 billion, up from $23.9 billion the previous year. Google Cloud reported an even more remarkable increase, with operating income soaring to $1.95 billion compared to just $270 million the year before. This financial growth highlights the lucrative potential of Google’s AI-focused services and tools. Read More »
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