2 weeks Ago By Quartz
Google ( ) parent Alphabet is set to report third-quarter earnings on Tuesday, after beating second-quarter earnings expectations on artificial intelligence momentum. The tech giant is expected to report revenues of around $86.4 billion for the third quarter, according to analyst estimates compiled by FactSet ( ).
Google’s U.S. revenues are expected to be $40.
6 billion, and its “rest of the world” revenues are expected at $45 billion. The company is expected to report earnings per share, or EPS, of $1.84, according to FactSet.
In the second quarter, Google reported revenues of nearly $85 billion, by around $640 million. Google’s revenue was up 14% year over year, and its Cloud division , Google president Ruth Porat said. Google Cloud also exceeded $1 billion in operating profit for the first time.
“Our strong performance this quarter highlights ongoing strength in Search and momentum in Cloud,” Google chief executive Sundar Pichai said in a statement at the time. “We are innovating at every layer of the AI stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and as we pursue the many opportunities ahead.
” In recent months, Google has reportedly made progress on software for AI models that . The company has long focused on ( ), including with its work on . With this technique, which people Google is using, LLMs can solve multistep problems using a “series of intermediate reasoning steps,” similar to the way a human would.
OpenAI series, OpenAI o1, in September. Google is also working on improving its Gemini chatbot’s “reasoning” abilities. In July, Google made its , of Gemini.
Shares of Google are up around 18% so far this year. For the latest news, , and ..
