Google's software engineers have a new colleague: AI.
Google announced its Q3 2024 financial results on Tuesday, highlighting the role AI will play within the company.
“Today, more than a quarter of all new code at Google is generated by AI, then reviewed and accepted by engineers,” Google CEO Sundar Pichai said on an earnings call. “This allows our engineers to do more and move faster.”
Google now has 181,269 employees, down more than 1,000 from the same time last year (182,381 in Q3 2023).
Google CEO Sundar Pichai. Photo by Mateusz Wlodarczyk/NurPhoto, Getty Images
The impact of Google's AI reaches every corner of the globe. Pichai said AI in Search Overview will be rolled out to more than 100 new countries this week and will “reach more than 1 billion users every month.”
Related: New Google report reveals hidden costs of AI
Google Search revenue grew 12% year-over-year, reaching $49.39 billion in the third quarter of this year. Total revenue reached $88.27 billion, an increase of 15% from $76.69 billion a year ago.
“Search remains the largest contributor to revenue growth, with cloud continuing to grow at a strong 35%,” Google Chief Financial Officer Anat Ashkenazi said on an earnings call. Google Cloud's revenue for the third quarter of 2024 was $11.35 billion.
Google also announced on the conference call that YouTube's ad and subscription revenue for the past four quarters exceeded $50 billion for the first time.
Overall, “Q3 was another great quarter,” Pichai said. Google's parent company Alphabet's stock price is up more than 5% today at the time of writing.
Related: I created an AI-hosted podcast using Google's NotebookLM. It worked surprisingly well.
