Alphabet has announced strong quarterly results, achieving a revenue of $90.2 billion, which is a 12% increase year-on-year. The growth was driven by several core areas, including Google Search and Cloud services. Google Search grew by 10% to $77.3 billion, benefiting from innovations like AI Overviews, while YouTube's revenue reached $8.93 billion, marking a 10.3% growth. Google Cloud showed remarkable performance, with a 28% increase to $12.3 billion, primarily due to advancements in AI technologies. CEO Sundar Pichai noted that this growth demonstrates Alphabet's effective strategy and focus on AI.
Alphabet's strong quarterly financials showcase its resilience amid heightened AI competition, with notable revenue increases across its various business sectors.
Sundar Pichai emphasized that the growth seen in Google Search and its services is a testament to the company's full-stack approach to AI.
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