Google's parent company, Alphabet, has reported that third-quarter sales exceeded analysts' expectations, reaching $74.6 billion, driven by strong demand for cloud services, particularly in the field of artificial intelligence. Despite exceeding expectations, Alphabet plans to pay more attention to overseeing its Other Bets portfolio.
Google's increasing prominence in the field of artificial intelligence has attracted the attention of the U.S. government, which is evaluating possible antitrust measures. While facing these potential sanctions, Alphabet remains steadfast, confident in its ability to continue operating successfully.
Sales in Google's cloud division rose more than expected, solidifying its position in the market. Alphabet ranks third, behind Amazon and Microsoft, with room for growth for all three companies in an increasingly AI-focused investment market.
Alphabet continues to leverage artificial intelligence to enhance its operational efficiency. According to CEO Sundar Pichai, more than 25% of new code generated by Alphabet is produced by AI, showcasing the company's commitment to this emerging technology.
Alphabet's Other Bets division, which encompasses diverse companies like Waymo and Verily, has also seen an increase in revenue. Waymo continues to expand its presence in cities like San Francisco and Phoenix, while the company as a whole shows a net profit and advances strategies to reduce losses in its investments.
Google is strengthening its cloud division, focusing on attracting more customers and expanding its AI solutions to compete with Amazon and Microsoft. The company has managed to increase its cloud revenue by leveraging its AI expertise and attracting emerging companies in the sector.
Google continues to invest in technology, research, and energy to stay at the forefront, demonstrating that it is prepared to face the regulatory and financial challenges that may arise in the future.
