Link: More than a quarter of new code at Google is generated by AI

Google is heavily investing in AI, with AI generating over a quarter of its new code, highlighting its integral role in the company's operations. CEO Sundar Pichai emphasized this during the third quarter 2024 earnings call.

Financially, Google's AI initiatives are proving lucrative, with Alphabet announcing $88.3 billion in quarterly revenue.

Google Services accounted for $76.5 billion of this, showing a 13% increase, while Google Cloud revenue jumped 35% to $11.4 billion.

Operating incomes reflected growth, with Google Services rising to $30.9 billion from $23.9 billion last year.

Google Cloud’s income also surged dramatically to $1.95 billion from $270 million.

Despite public concerns about reliability, Google continues to expand its AI repertoire, launching new AI-powered features and products.

Innovations include AI chatbots called "Gems," AI note-taking in Google Meet, and tools for YouTube creators.

AI is enhancing Google's core services and helping it secure bigger clients.

"Our AI solutions in Search and Cloud are attracting new customers and fostering deeper engagement," Pichai remarked.

However, Google faces regulatory challenges, with recent rulings labeling it a monopolist in search and advertising.

The ongoing legal proceedings could lead to significant structural changes for Google. #

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Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.