Google Cloud has achieved its first profitable quarter after years of heavy investments and losses. Parent company Alphabet reported $7.45 billion in revenue and impressive $191 million in operating income. Despite this success, profits still lag behind Google Cloud’s two biggest competitors, AWS and Azure. But, Google Cloud has earned greater trust from globally renowned corporations such as PayPal and UPS. The potential for further growth depends on adapting to changing technological and economic conditions.
Google, the world's largest internet corporation, has reported a 3% increase in total revenue, with ad sales of $54.5 billion. YouTube's ad sales decreased 2.5%, while Google's search engine may face a new external threat from Microsoft's AI chatbot ChatGPT. CEO Sundar Pichai is pushing Google's technology boundaries with WS to develop new products like Waymo. Despite Alphabet's results exceeding analysts' expectations, its stock fell in 2021 due to investor worries.
With Google I/O 2023 around the corner, exciting new updates await tech enthusiasts. Follow along updates on Android 14, AI development and the Pixel Fold; Google's first foldable smartphone. Tune in to the livestream to hear the latest on AI, product launches and updates, and the reestablishment of IRL events. All this and more on Google I/O 2023.
Google has made a major move to invest more power and focus on their AI research and development. Through combining two of their research teams, DeepMind and Google Research's Brain team, into Google DeepMind, Alphabet, Google's parent company looks to increase their AI potential and "build a better future with technology", offering a safer and responsible approach. Demis Hassabis leading this new venture, with Jeff Dean as Chief Scientist, prepares Google for great AI progress to come.
Google's AI-based chatbot, Bard, has finally received features similar to ChatGPT - and they're available in more than 20 popular programming languages. This innovative update, announced by Google CEO Sundar Pichai, will allow users to code, debug and export functions as per their convenience. They will also get assistance from Bard in real-world issues. In addition, ChatGPT 4.0 likewise offers various features including Microsoft Edge, Office Suite, Bing Search and internet-driven plugins.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?