Alphabet, Google's parent company, is implementing cost-saving measures across its Platforms and Devices unit while simultaneously investing heavily in artificial intelligence (AI) infrastructure. The company aims to accelerate the commercialization of its self-driving car division, Waymo, and navigate an increasingly competitive AI landscape marked by regulatory scrutiny and the emergence of Chinese competitors.
Wall Street will be looking for $96.56 billion in revenue and $2.13 in earnings per share.Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024.Alphabet made a series of announcements in the fourth quarter related to Waymo, showing confidence in its ability to commercialize its self-driving car company more quickly.
Waymo's robotaxi service now operates in Los Angeles, San Francisco and Phoenix, covering more than 500 square miles of public roads. In December, the company said it plans to launch its commercial service inshe wanted to "push a little further" with cost savings across the company as Google expands its spending on artificial intelligence infrastructure in 2025. Employeeslast week began offering buyouts to U.S. employees in its Platforms and Devices unit.
that forcing the company to get rid of Chrome — essentially, breaking up the company — would create a more equal playing field for search competitors.with employees in December, setting the stage for a year of expected increase in competition, regulatory hurdles and advancements in AI. "It's really important we internalize the urgency of this moment, and need to move faster as a company," CEO Sundar Pichai said. "The stakes are high."shares closed at $200 per share for the first time as investors grow increasingly bullish on the company's opportunities in AI, but after the emergence oflast month, Wall Street will await any commentary from management about how the Chinese entrant could affect its AI strategy.
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