Alphabet Exceeds Expectations with Q3 Surge and Strategic AI Focus
Nov/01/2024
Alphabet’s robust Q3 results underscored its strategic focus on AI, with revenue climbing 15% year-over-year to $88.3 billion and a notable 32% boost in operating profit. Google Cloud’s 35% growth highlighted its role in bolstering Alphabet’s earnings, driven by AI infrastructure and generative solutions. CEO Sundar Pichai attributed the success to substantial AI investments, exemplified by YouTube’s $50 billion revenue over four quarters. The accompanying chart details the revenue evolution of Apple, Google, Alphabet, and Microsoft from 2008 to 2023, showcasing their competitive growth. Alphabet’s AI strides include Google’s recent trademark for ‘NotebookLM’ on October 28, a tool for AI-driven drafting, research, and information synthesis, featuring natural language processing and chatbot functions.
