Alphabet’s Search Revenue Disappoints in Fourth Quarter

featured
Paylaş

Bu Yazıyı Paylaş

veya linki kopyala

Alphabet has conducted a rolling set of layoffs in recent months, reducing jobs in advertising sales, YouTube, news and elsewhere. The cuts have been part of an effort by Sundar Pichai, Google’s chief executive, to offset the company’s growing investment in artificial intelligence.

Shares of Alphabet were down more than 4 percent in after-hours trading on Tuesday.

As of Dec. 31, Alphabet had 182,502 employees, slightly up from the 182,381 it had three months earlier. Some of the recent job cuts have taken place in January. At the end of 2019, the company’s work force totaled 119,000, before it went on a hiring spree during the pandemic, when it recorded surging usage of its online services. The company culled 12,000 workers from its payroll early last year.

Google has focused on its A.I. ambitions, hoping it can overcome the perception that it is lagging behind OpenAI, the maker of the popular ChatGPT chatbot. Google debuted its Gemini A.I. model, its most powerful yet, in December, and has worked on integrating the technology into its various products, including the Pixel smartphone, Chrome web browser and Bard, its ChatGPT competitor.

Running these types of systems is expensive because they require enormous amounts of computing power. Google has tried to shed costs to offset these expenses while preserving its famously lofty profits. Analysts had been keeping a close eye on the company’s profit margin, since Alphabet executives vowed in recent quarters to reduce the company’s expenses on an ongoing basis.

Google continues to depend on its advertising businesses to pay for these efforts. Advertising sales at YouTube, Google’s video platform, climbed 16 percent to $9.2 billion, meeting the $9.2 billion expected by analysts.

0
joy
Joy
0
cong_
Cong.
0
loved
Loved
0
surprised
Surprised
0
unliked
Unliked
0
mad
Mad
Alphabet’s Search Revenue Disappoints in Fourth Quarter

E-posta adresiniz yayınlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir

Giriş Yap

Saina News ayrıcalıklarından yararlanmak için hemen giriş yapın veya hesap oluşturun, üstelik tamamen ücretsiz!

Follow Us