Google had a massive quarter thanks to Search and AI

Jul 24, 2024 03:39 AM - 4 months ago 99266

Google made astir $85 cardinal complete nan past fewer months arsenic gross from its Search and unreality computing businesses soared. That’s according to nan 4th 2 net study released by Google's genitor company, Alphabet, connected Tuesday, which says Search unsocial raked successful $48.5 billion.

Meanwhile, Google’s unreality section deed $10 cardinal for nan first clip while besides achieving $1 cardinal successful operating profit. During an net telephone connected Tuesday, Google CEO Sundar Pichai said nan company’s generative AI solutions for Cloud customers “already generated billions successful revenues and are being utilized by much than 2 cardinal developers.”

“We are innovating astatine each furniture of nan AI stack,” Pichai says successful a missive to investors. “Our longstanding infrastructure activity and in-house investigation teams position america good arsenic exertion evolves and arsenic we prosecute nan galore opportunities ahead.”

Since becoming a $2 trillion institution successful April, Alphabet has managed to support that position. In May, Google began rolling retired AI Overviews successful Search powered by its ample connection exemplary (LLM), Gemini. But users quickly recovered that nan instrumentality provided bizarre answers for definite queries, leading Google to manually return them down. Despite this, Pichai says AI Overviews person led to “increases successful Search usage and accrued personification restitution pinch nan results.”

Additionally, Google announced this week that it’s abandoning its long-delayed plans to shape retired third-party cookies by default, thing Safari and Firefox already do. Google Chrome will alternatively inquire users to “make an informed prime that applies crossed their web browsing.” Google besides has an earlier-than-usual Pixel hardware event coming successful August, pinch nan institution offering a sneak peek astatine the Pixel 9 and Pixel 9 Pro Fold conscionable weeks earlier their reveal.

Developing...

Correction, July 23rd: A erstwhile type of nan article misstated that Google made $85 cardinal erstwhile it really made $85 billion.