🕵️ Google’s AI Strategy Is Paying Off—$26.5B in Profit Last Quarter
⏭️ How to Create a Lead Magnet in 5 Minutes Using AI...
Hey there, AI Journal fam 🌟 We’ve got some exciting highlights lined up, so grab your favorite drink and settle in for a chill read.
Let’s explore the world of AI together 🚀
For today we cooked:
Alphabet reports strong Q4 earnings, with Google Cloud revenue up 30% and YouTube watch time leading the streaming pack
AI 'godfather' predicts another revolution in the tech in the next five years
Salesforce Reportedly Cuts 1,000 Jobs While Adding Artificial Intelligence Salespeople
and more...
(Read time - 5 minutes)
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🔥What is hot in the market? Fresh news from the oven
Quick look:
🚨 AI 'godfather' Predicts Another Revolution in the Tech World in the Next Five Years
😱 Salesforce Reportedly Cuts 1,000 Jobs While Adding Artificial Intelligence Salespeople
📝 Adobe Acrobat AI Assistant Introduces New Generative AI Features to Simplify Contract Management
🧑⚖️ Elon Musk and Sam Altman Head to Court Over AI Company's Future
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Deep Dive:
🔥 Google expects to spend $75 billion this year on the AI race
Alphabet Inc., Google's parent company, announced its fourth-quarter 2024 financial results, showcasing significant growth driven by advancements in AI and robust performance across its core businesses.
💡 Highlights:
Substantial AI Investment: Alphabet plans to invest approximately $75 billion in capital expenditures in 2025 to enhance its AI capabilities, focusing on expanding infrastructure such as servers and data centers.
Growth in Google Cloud: Google Cloud revenue increased by 30% to $12.0 billion, led by growth in Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions.
Advancements in AI Products: The company highlighted progress in AI-driven features like AI Overviews and Circle to Search, which have improved user engagement in Search.
Strong Performance in YouTube and Cloud: Alphabet's AI-powered Google Cloud portfolio is experiencing stronger customer demand, and YouTube continues to lead in streaming watchtime and podcasts. Together, Cloud and YouTube exited 2024 at an annual revenue run rate of $110 billion.
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