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Google software engineers have a brand new coworker: AI.
Google launched its third quarter 2024 earnings on Tuesday and emphasised the function that AI performs throughout the firm.
“At the moment, greater than 1 / 4 of all new code at Google is generated by AI, then reviewed and accepted by engineers,” Google CEO Sundar Pichai stated on the earnings call. “This helps our engineers do extra and transfer quicker.”
Google has over 1,000 fewer employees now than it did on the identical time final yr, for a present headcount of 181,269 staff in comparison with 182,381 in Q3 2023.
Google CEO Sundar Pichai. Picture by Mateusz Wlodarczyk/NurPhoto through Getty Pictures
Google’s AI influence extends to all corners of the globe. Pichai said that AI overviews in search will roll out to more than a hundred new countries this week and can “now attain multiple billion customers on a month-to-month foundation.”
Associated: New Google Report Reveals the Hidden Cost of AI
Google Search income grew 12% year-over-year, hitting $49.39 billion within the third quarter of this yr. Complete income reached $88.27 billion, a 15% improve from the earlier yr’s $76.69 billion.
“Search remained the biggest contributor to income progress, adopted by sturdy 35% progress in Cloud,” Google’s chief monetary officer Anat Ashkenazi stated on the earnings name. Google Cloud income was $11.35 billion in Q3 2024.
Google additionally introduced on the decision that YouTube’s advert and subscription income for the previous 4 quarters have topped $50 billion for the primary time.
Total, “Q3 was one other nice quarter,” Pichai said. Shares of Google’s dad or mum firm Alphabet have been up over 5% right now on the time of writing.
Associated: I Tried Making an AI-Hosted Podcast with Google’s NotebookLM. It Worked Surprisingly Well.
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