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 inside the firm.
“Right this 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 sooner.”
Google has over 1,000 fewer employees now than it did on the similar time final yr, for a present headcount of 181,269 staff in comparison with 182,381 in Q3 2023.
Google CEO Sundar Pichai. Photograph 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 a couple of billion customers on a month-to-month foundation.”
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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% enhance from the earlier yr’s $76.69 billion.
“Search remained the most important contributor to income development, adopted by sturdy 35% development 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.
General, “Q3 was one other nice quarter,” Pichai said. Shares of Google’s mother or father firm Alphabet have been up over 5% right now on the time of writing.
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