{"id":37748,"date":"2024-10-31T01:11:19","date_gmt":"2024-10-31T01:11:19","guid":{"rendered":"https:\/\/isafespend.com\/?p=37748"},"modified":"2024-10-31T01:11:20","modified_gmt":"2024-10-31T01:11:20","slug":"google-recruits-ai-to-write-25-of-its-code-earnings-call","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=37748","title":{"rendered":"Google Recruits AI to Write 25% of Its Code: Earnings Call"},"content":{"rendered":"<div>\n<p>Google software engineers have a new coworker: AI.<\/p>\n<p>Google released its third quarter 2024 earnings on Tuesday and emphasized the role that AI plays within the company.<\/p>\n<p>&#8220;Today, more than a quarter of all new code at Google is generated by AI, then reviewed and accepted by engineers,&#8221; Google CEO Sundar Pichai stated on the earnings call. &#8220;This helps our engineers do more and move faster.&#8221;<\/p>\n<p>Google has over 1,000 fewer employees now than it did at the same time last year, for a current headcount of 181,269 employees compared to 182,381 in Q3 2023.<\/p>\n<p><sup><i>Google CEO Sundar Pichai. Photo by Mateusz Wlodarczyk\/NurPhoto via Getty Images<\/i><\/sup><\/p>\n<p>Google&#8217;s AI impact extends to all corners of the globe. Pichai stated that AI overviews in search will roll out to more than a hundred new countries this week and will &#8220;now reach more than one billion users on a monthly basis.&#8221;<\/p>\n<p><b>Related:<\/b> New Google Report Reveals the Hidden Cost of AI<\/p>\n<p>Google Search revenue grew 12% year-over-year, hitting $49.39 billion in the third quarter of this year. Total revenue reached $88.27 billion, a 15% increase from the previous year&#8217;s $76.69 billion.<\/p>\n<p>&#8220;Search remained the largest contributor to revenue growth, followed by robust 35% growth in Cloud,&#8221; Google&#8217;s chief financial officer Anat Ashkenazi said on the earnings call. Google Cloud revenue was $11.35 billion in Q3 2024.<\/p>\n<p>Google also announced on the call that YouTube&#8217;s ad and subscription revenue for the past four quarters have topped $50 billion for the first time.<\/p>\n<p>Overall, &#8220;Q3 was another great quarter,&#8221; Pichai stated. Shares of Google&#8217;s parent company Alphabet were up over 5% today at the time of writing.<\/p>\n<p><b>Related:<\/b> I Tried Making an AI-Hosted Podcast with Google&#8217;s NotebookLM. It Worked Surprisingly Well.<\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.entrepreneur.com\/business-news\/google-recruits-ai-to-write-25-of-its-code-earnings-call\/482167\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google software engineers have a new coworker: AI. Google released its third quarter 2024 earnings on Tuesday and emphasized the role that AI plays within the company. &#8220;Today, more than a quarter of all new code at Google is generated by AI, then reviewed and accepted by engineers,&#8221; Google CEO Sundar Pichai stated on the<\/p>\n","protected":false},"author":1,"featured_media":37749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-37748","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Google Recruits AI to Write 25% of Its Code: Earnings Call | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Google software engineers have a new coworker: AI.Google released its third 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