Google beats third-quarter earnings expectations on AI momentum
Briefly

"The momentum across the company is extraordinary," Google chief executive Sundar Pichai said in a statement. "Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools."
The company's Cloud division revenues grew 35% to $11.4 billion due to "accelerated growth in Google Cloud Platform across AI infrastructure, Generative AI Solutions, and core GCP products," it said.
In Search, our new AI features are expanding what people can search for and how they search for it," Pichai said. "In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals.
Total ads and subscription revenues for YouTube "surpassed $50 billion over the past four quarters for the first time," he added.
Read at Quartz
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