What you should know
- Alphabet, the guardian firm of Google, has introduced its Q1 2024 monetary earnings.
- The corporate reported $80.5 billion in income, highlighting robust efficiency throughout its providers.
- Alphabet not too long ago introduced a significant restructuring highlighting its give attention to AI.
- Google has additionally laid off staff and fired some staff concerned in current protests.
Alphabet introduced its Q1 2024 earnings on Wednesday (April 25), reporting greater than $80 billion in income, 15% up from the identical quarter final 12 months.
Alphabet CEO Sundar Pichai highlights the corporate’s robust give attention to AI and the efficiency of different merchandise. “Our leads to the primary quarter mirror robust efficiency from Search, YouTube and Cloud,” Pichai says in a statement.
“We’re effectively below approach with our Gemini period and there’s nice momentum throughout the corporate. Our management in AI analysis and infrastructure, and our international product footprint, place us effectively for the subsequent wave of AI innovation.”
Updating…