In a competitive landscape, Google is rapidly closing the gap with OpenAI’s ChatGPT, evidenced by its Gemini app reaching 650 million monthly active users, up from 450 million just a quarter ago. This surge was significantly fueled by Google’s viral Nano Banana image tool. While ChatGPT still leads with 800 million weekly users, the momentum indicates Alphabet’s strong growth trajectory. Google’s Q3 earnings revealed a record-breaking $102.35 billion in revenue, marking its first-ever $100 billion quarter. This includes a 15% year-over-year increase in the Search business, generating $56.56 billion. Additionally, the Cloud segment showed healthy performance amid rising AI investments. Looking ahead, Google anticipates capital expenditures of $91-$93 billion for 2025, up from prior estimates of $85 billion, reflecting the company’s commitment to scaling its AI capabilities. With these results, Google’s focus on innovation and infrastructure positions it well in the evolving tech landscape.
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