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Revenue: $78.59 billion, according to LSEG. : $7.72 billion, according to StreetAccount. Traffic acquisition costs (TAC): $12.74 billion, according to StreetAccount. Wall Street is expecting Alphabet to report a second straight quarter of year-over-year revenue growth in the low teens. CEO Sundar Pichai told employees in January that more job cuts were likely coming in 2024, though he didn't specify at the time which teams would be affected.
Persons: Sundar Pichai, Prabhakar Raghavan, Raghavan, Liz Reid, Meta, Mark Zuckerberg's, Ruth Porat Organizations: Google, TAC, OpenAI, Microsoft, CNBC Locations: Brussels, Belgium, LSEG, StreetAccount
Top of mind for employees was AI, including the company's recent showcase of generative AI products at its I/O developer conference on May 10. But staffers have concerns about the impacts of Google's aggressive push to build generative AI into all of its products. These OKRs were written to "rally" teams to incorporate AI into Google's products, Pichai said. 'People don't want to just hear AI-generated content'Another submitted question read: "LLMs are inundating the internet with AI-generated content, such as websites, books, images, music, and videos. This AI-generated content may eventually lead to a decline in internet quality, which may directly affect the quality of Google's search results.
Jerry Dischler is steering Google's $209 billion ads business through major challenges. It falls to him to reinvent digital advertising to keep its $209 billion ad business going. At the same time, he has to keep growing Google's ad business amid increasingly dour spend forecasts. He went on to search ads in 2008, and by 2009, he was overseeing Google's team that developed new ad formats. Even when some parts of Google's ad business slows, as YouTube and Google network ads did last quarter, it gains strength in other areas, such as search.
Google worries website quality is declining, according to one of the company's earliest executives. Marissa Mayer, one of Google's earliest employees and a onetime leader of its search team, said that's because Google is concerned about the declining quality of the web. She made the comments on the Freakonomics podcast in an episode that looked into whether the quality of Google search has declined. Her comments about the state of Google search come at a time when criticism of the service is rising. People have complained about the declining quality of search results and the need to include search terms like "Reddit" in a query to find answers written by humans.
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