Alphabet, the parent company of Google, has been negatively impacted by the currency market, but its CEO remains focused on artificial intelligence
Alphabet has reported revenue of $68bn for its third quarter of 2022, a 6% increase over last year. The company’s results were impacted by fluctuating currencies, and Alphabet said it would be working to realign resources to fuel its highest growth priorities.
Discussing the next phase of Google innovation, Pichai said: “Throughout Google’s history, periods of dedicated focus have enabled us to emerge strongly and unleash new eras of computing innovation. For example, over a decade ago, focusing the company’s efforts on mobile helped us to build and grow our business for the shift to mobile computing. We are at a similar point now with AI [artificial intelligence], another transformational technology.”