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More than a quarter of all new code at Google is generated by artificial intelligence (AI), the company’s CEO revealed on its third-quarter 2024 earnings call. During the meeting, Google and Alphabet chief Sundar Pichai spoke about the company’s momentum and innovation, as well as its long-term focus and investment in AI, sharing that the tech giant was using AI internally “to improve our coding processes.”
1/ Just finished my Q3 earnings remarks highlighting extraordinary momentum across the company and our differentiated full stack approach to AI innovation – robust infrastructure, research + models, and products + platforms. A few highlights: https://t.co/ZpF8zDwkcH 🧵
— Sundar Pichai (@sundarpichai) October 29, 2024
Pichai said: “Today, more than a quarter of all new code at Google is generated by AI, then reviewed and accepted by engineers. This helps our engineers do more and move faster.
“I am energized by our progress, and the opportunities ahead. And we continue to be laser focused on building great products.”
AI is also contributing to Google’s financial success. Alphabet reported quarterly revenue of $88.3 billion, with Google Services bringing in $76.5 billion—a 13% increase from the previous year. Google Cloud, which includes AI infrastructure products for other businesses, generated $11.4 billion, marking a 35% year-over-year growth.
Total operating income also increased to 34%, as Google Cloud hit $1.95 billion, significantly up from last year’s $270 million.
Consequently, Pichai added: “In Search, our new AI features are expanding what people can search for and how they search for it. In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals. And YouTube’s total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time.”
Google’s focus into AI
Google has been focusing on AI across its products, as it is said to be developing AI that can operate a web browser to manage daily tasks. ReadWrite also reports that its is attempting to use this technology in its search overviews and shopping features.
Earlier this month, the tech firm launched a report that estimates that generative AI “could add €1.2-1.4 trillion ($1.3- $1.6 trillion) to the EU’s GDP in 10 years – the equivalent to an annual growth rate of 8%.”
Featured image: Ideogram
