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In the first quarter of 2023 Google search revenue showed less significant growth, after periods of accelerated growth, indicating that the leading technology company may be struggling with
In the first quarter of 2023 Google search revenue showed less significant growth, after periods of accelerated growth, indicating that the leading technology company may be struggling with its main source of income. Google said in its earnings report today that its revenue from “search and more” was up 1.87% year-over-year.
According to data provided by the company, they managed to raise $39.6 billion in the first quarter of last year. According to current quotes, this value corresponds to approximately 200 billion Brazilian reais, but it is slightly lower than the most recent Google data. It’s because they showed there was growth up to $40.4 billionbut much less accelerated than in previous years.
The search market is experiencing fierce competition from all sides. Microsoft is trying to attract Google users with its artificial intelligence chatbot Bing, which expanded last month. In addition, many people are turning to other platforms such as OpenAI’s ChatGPT for research and education in various subjects.
ChatGPT reportedly raised serious concerns for Google, prompting the company to launch its own chatbot, Bard, in March. However, even a month later, Google still considers Bard an “experiment”, and its employees classified it as “worse than useless” before launch.
In response, Google appears to be focusing its efforts on improving its AI capabilities. The company plans to include generative AI capabilities in Workspace products such as Gmail and Docs. Last week, he merged the Brain and DeepMind groups under the Google DeepMind organization, with the goal, Pichai said, of “significantly accelerating our progress in the field of AI.”
Despite the slowdown in growth and a difficult period for advertising in general, Google executives are pleased with the search results in the last quarter. CEO Sundar Pichai said the study is “going well” and CFO Ruth Porat highlighted the business’s “resilient nature” in the face of adversity.
Google makes it easy to find tools in Docs, Sheets and Slides
Users will be able to easily find common tools without having to navigate menus and toolbars.
Via: Edge
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Source: Mundo Conectado
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
