More Than a Quarter of New Code At Google Is Generated By AI
Google has integrated AI deeply across its operations, with over 25% of its new code generated by AI. CEO Sundar Pichai announced the milestone during the company's third quarter 2024 earnings call. The Verge reports: AI is helping Google make money as well. Alphabet reported $88.3 billion in revenue for the quarter, with Google Services (which includes Search) revenue of $76.5 billion, up 13 percent year-over-year, and Google Cloud (which includes its AI infrastructure products for other companies) revenue of $11.4 billion, up 35 percent year-over-year. Operating incomes were also strong. Google Services hit $30.9 billion, up from $23.9 billion last year, and Google Cloud hit $1.95 billion, significantly up from last year's $270 million. "In Search, our new AI features are expanding what people can search for and how they search for it," CEO Sundar Pichai says in a statement. "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."

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