Google’s parent company, Alphabet Inc. (GOOGL), celebrated its 25th anniversary this year with solid momentum across its verticals, especially its cloud business. In its third-quarter results, GOOGL reported a $266 million Google Cloud operating revenue, compared to a loss of $440 million in the year-ago quarter.
The company is focused on making Artificial Intelligence (AI) accessible and helpful for its customers. This month, GOOGL introduced Gemini, its most capable and general AI model. Moreover, JPMorgan is bullish on Gemini and projects the technology to bridge the AI gap. Furthermore, the bank expects the company’s gross revenue to grow by 11% in 2024.
