Alphabet, the parent company of Google, posted strong results in its Q3 2024 earnings on Tuesday. The company reported revenues of $88.3 billion, a 15% increase year-over-year. Additionally, Google services generated $76.5 billion, up 13% and Google Cloud revenues surged 35% to $11.4 billion.
AI’s contribution to this quarter’s results stood out even as the company focussed on the Gemini application. “Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off and driving success for the company and for our customers,” said Alphabet and Google CEO Sundar Pichai. “We are uniquely positioned to lead in the era of AI because of our differentiated full-stack approach to AI innovation, and we’re now seeing this operate at scale.”
In the past six months, Gemini API calls have increased nearly 14 times. Pichai said that when Snapchat was looking to add more experiences to its ‘My AI’ …