Alphabet, the parent company of Google, reported its Q1 earnings with significant growth, including a 12% year-over-year revenue increase to $90.2 billion. This performance exceeded analysts' expectations and showcased a 46% rise in net earnings, amounting to $34.54 billion. Key contributors to this growth included Google's core businesses, such as Search and YouTube ads, bolstered by a robust engagement in AI technologies. CEO Sundar Pichai emphasized that the company's commitment to a full-stack approach to AI is essential for expanding their user base, with 35 million daily users engaging with their Gemini platform.
Alphabet's Q1 earnings demonstrated a robust performance with revenue growing by 12% year-over-year to $90.2 billion and net earnings surging by 46% to $34.54 billion.
Sundar Pichai highlighted that the ‘full-stack approach to AI’ is pivotal in driving Alphabet's growth, contributing significantly to reaching 35 million daily users of Gemini.
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