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Alphabet highlights aggressive AI spending in Q4 earnings, revenue grows 12%

February 5, 2025 techsmartworld team AI, Alphabet, Google

Google parent Alphabet saw its shares drop significantly following the release of its fourth-quarter earnings report for 2024. While the company reported strong earnings growth, its revenue fell short of Wall Street expectations.

The company reported a revenue of $96.47 billion for the fourth quarter, marking a 12% year-over-year increase from $86.31 billion in the same period the previous year. However, this figure came in slightly below analysts’ estimates of $96.56 billion.

Despite the revenue miss, Alphabet’s earnings per share (EPS) exceeded expectations, coming in at $2.15 compared to the anticipated $2.13. The company’s net income rose sharply to $26.54 billion, marking a growth of 28% from the $20.69 billion reported in the same quarter a year earlier.

Operating income also showed a healthy uptick, growing by 31% to amount to $30.97 billion for the three months ended December 2024. For the entire fiscal year, Alphabet’s revenue amounted to $350 billion, while its net income and diluted EPS for the same period amounted to $100 billion and $8.04 respectively.

“Q4 was a strong quarter driven by our leadership in AI and momentum across the business. We are building, testing, and launching products and models faster than ever, and making significant progress in computing and driving efficiencies. In Search, advances like AI Overviews and Circle to Search are increasing user engagement.

Our AI-powered Google Cloud portfolio is seeing stronger customer demand, and YouTube continues to be the leader in streaming watchtime and podcasts.

Together, Cloud and YouTube exited 2024 at an annual revenue run rate of $110 billion. Our results show the power of our differentiated full-stack approach to AI innovation and the continued strength of our core businesses.

We are confident about the opportunities ahead, and to accelerate our progress, we expect to invest approximately $75 billion in capital expenditures in 2025,” Sundar Pichai, Alphabet CEO, commented on the matter.

For the first quarter of 2025 alone, Alphabet expects capital expenditures to range between $16 billion and $18 billion, surpassing the $14.3 billion forecasted by analysts. In the fourth quarter of 2024, Alphabet’s capital expenditures totaled $14 billion, slightly above the $13.26 billion estimated by analysts.

Google’s advertising segment, which remains the largest contributor to Alphabet’s overall revenue, reported $72.46 billion in revenue for the fourth quarter. This represented a year-over-year increase of 10.6%, slightly below the 11% growth recorded during the same period in 2023. Revenue from Google Search, a key component of Google’s advertising business, rose by 12.5% (narrowly missing the 12.7% growth rate achieved in the previous year) to amount to $54 billion for Q4 2024. For the same period, YouTube’s advertising revenue reached $10.47 billion, surpassing analysts’ expectations of $10.23 billion.

However, this marks a slowdown from the 15.5% growth recorded in the fourth quarter of 2023, as YouTube ad revenue increased by 13.8% year over year to reach $10.473 billion (exceeding the $10 billion mark for the first time).

Similarly, Alphabet’s Google Cloud division, which has been a focal point of the company’s growth strategy, reported revenue of $11.96 billion for the fourth quarter.

This marked a 30% increase from the previous year but fell short of Wall Street’s expectations of $12.19 billion. Alphabet’s Other Bets segment, which includes ventures such as the life sciences unit Verily and the autonomous driving unit Waymo, continued to struggle in the fourth quarter.

The segment reported revenue of $400 million, significantly below the $616.4 million expected by analysts and a sharp decline from the $657 million reported in the same quarter the previous year. The segment also posted a loss of $1.17 billion, compared to a loss of $863 million in the fourth quarter of 2023.

“We had strong demand for AI products in the fourth quarter and exited the year with more demand than we had available capacity,” Anat Ashkenazi, Alphabet CFO, commented on the matter during the earnings call, adding that the company is “in a tight supply-demand situation.”

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Home Mobiles Mobiles News Google Pixel 7a Tipped To Feature Flagship Camera Sensors, Wireless Charging: Report Google Pixel 7a Tipped To Feature Flagship Camera Sensors, Wireless Charging

October 29, 2022 techsmartworld team Google, Google Pixel, Pixel 3a, Pixel 4a, Pixel 5a, Pixel 7, Pixel 7 Pro, Pixel 7 series, Pixel 7a, Pixel series

The Pixel 7a is Google’s mid-range addition to the Pixel 7 series, due for release in 2023, with an affordable ‘A’ tag and a significant upgrade over all previous Pixel A-series phones.

The Pixel 7a is said to be apparently It will come with features like a better camera and wireless charging. Google’s first Pixel A series, the Pixel 3a, launched with the premise of bringing the flagship Pixel experience to affordable devices made possible by the search giant’s use of inexpensive materials. However, with each new A-series launch, the company has narrowed the gap between the specs, quality, and experience of its flagship.

This strategy is reflected in the Pixel 4a 5G, which Google released alongside the Pixel 5, and both phones use the same Qualcomm Snapdragon 765G SoC. The Pixel 4a 5G also had a display that supported a 90Hz refresh rate, water resistance, a premium metal body, and wireless charging, putting the phone in a category where such features are not commonly seen.

The Pixel 5a also managed to keep the retail price low while sporting a water-resistant body and metal exterior. Most importantly, both the Pixel 4a and Pixel 5a had the same main camera sensor as their flagships.

However, the Pixel 6a doesn’t have the same camera sensor as the Pixel 6, and the search giant opted to keep the Pixel 5a’s camera sensor.

Google’s commitment to the Pixel 7a was first confirmed with a public conversation about Android’s open-source code. This suggests that the device, codenamed “Lynx,” will become the Pixel 7a, which is slated to launch in 2023.

Earlier this year, whistleblower digital chat station Weibo shared details about a Pixel device made by China’s Foxconn that uses the same Tensor G2 chip as the Pixel 7 series and has a ceramic body. 9to5google reports that the device is now the Pixel 7a. If true, the Pixel 7a will be Google’s first phone in the Pixel lineup to feature a ceramic body.

Meanwhile, according to Android researcher Kuba Wojciechowski, the Lynx Pixel 7a will have the P9222 chip for wireless charging. However, the chip is only capable of 5W charging, so it’s possible that the Pixel 7a’s wireless charging feature is more hype than practicality.

When it comes to image capture and processing, the Pixel 7a could feature the same 50-megapixel Samsung sensor as the Pixel 6 series, plus a 64-megapixel telephoto sensor and a 13-megapixel ultra-wide sensor.

This is the first time a telephoto sensor is coming to the Pixel A series. In fact, only the high-end Pixel Pro models have so far had a telephoto sensor.

However, Google has remained silent and has not revealed any information about the alleged Pixel 7a model in terms of name, design, specifications, price, or launch details.

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The battle for digital privacy is reshaping the internet

September 18, 2021 TECH TEAM Apple, Chrome web browser, Google

By Brian X. Chen

Apple introduced a pop-up window for iPhones in April that asks people for their permission to be tracked by different apps.
Google recently outlined plans to disable tracking technology in its Chrome web browser.
And Facebook said last month that hundreds of its engineers were working on a new method of showing ads without relying on people’s personal data.
The developments may seem like technical tinkering, but they were connected to something bigger: an intensifying battle over the future of the internet. The struggle has entangled tech titans, upended Madison Avenue, and disrupted small businesses. And it heralds a profound shift in how people’s personal information may be used online, with sweeping implications for the ways that businesses make money digitally.
At the center of the tussle is what has been the internet’s lifeblood: advertising.
More than 20 years ago, the internet drove an upheaval in the advertising industry. It eviscerated newspapers and magazines that had relied on selling classified and print ads and threatened to dethrone television advertising as the prime way for marketers to reach large audiences.
Instead, brands splashed their ads across websites, with their promotions often tailored to people’s specific interests. Those digital ads powered the growth of Facebook, Google, and Twitter, which offered their search and social networking services to people without charge. But in exchange, people were tracked from site to site by technologies such as “cookies,” and their personal data was used to target them with relevant marketing.
Now that system, which ballooned into a $350 billion digital ad industry, is being dismantled. Driven by online privacy fears, Apple and Google have started revamping the rules around online data collection.
IMedia publishers, app-makers, and e-commerce shops are now exploring different paths to surviving a privacy-conscious internet, in some cases overturning their business models. Many are choosing to make people pay for what they get online by levying subscription fees and other charges instead of using their personal data.
Businesses that can no longer track people but still need to advertise are likely to spend more with the largest tech platforms, which still have the most data on consumers.
This article originally appeared in The New York Times.
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Global tech show CES in Las Vegas to be only online in 2021 due to COVID-19

July 29, 2020 techsmartworld team CES, CES 2021 Apple, Google, LAS Vegas, Samsung

Consumer Technology Association(CES) said Tuesday that the largest global tech and gadget show to be held in Las Vegas every January will be online in 2021 due to concerns over the coronavirus epidemic.
Big tech companies like Apple, Alphabet, Google, and Samsung have different product launch events and companies launching electronic gadgets at CES are usually small, the program is designed for technology companies and buyers to run the business.
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CES is the largest annual event in Las Vegas and will be a setback for the canceled city as hotel prices rise during the event. According to the CTA, CES 2020 was attended by 170,000 people and 60,000 international attendees.
CTA Chief Executive Gary Shapiro said companies and partners in Las Vegas have now decided to make advance plans. “We don’t think there are any vaccines available and safe and tested until people are comfortable until January,” he said.
Shapiro said online CES pricing has not yet been determined. CES tickets range from $ 300 to 7,700 this year.
The Digital CES event is scheduled for January 6-9.
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