Google reports strong growth driven by AI, cloud

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Google reports strong growth driven by AI, cloud
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Google's parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion,

Google’s parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion, powered by strong performance from its crucial advertising business and growth in cloud services.

The results showed that Google is holding its own despite worry that the search engine juggernaut has been caught short in the AI race. The company also satisfied questions about whether its search engine will withstand the growing popularity of generative AI chatbots like ChatGPT, which can answer many queries directly in lieu of an internet search.

Pichai said that Google Search’s AI Overviews, which display a snapshot of information at the top of the results page, was proving a success and available to one billion users in more than 100 countries. That business, which trails market leaders Amazon and Microsoft, provides businesses with computing power, data storage and AI tools delivered over the internet.

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