Google Q3 2024: $88.3B Revenue Soars 15% YoY, Fueled by AI Breakthroughs Like Gemini & Google Cloud's
15%
Google's Q3 2024 revenue grew 15% YoY to $88.3B, driven by AI innovations like Gemini and a 35% YoY rise in Google Cloud revenue. However, regulatory threats to Chrome's 70.19% market portion and competition from OpenAI and Microsoft challenge its dominance. While AI and cloud investments drive growth, rising pressures could impact future operations.
60%
AI is revolutionizing marketing, with 85% of leaders stating they must deploy an AI strategy within 18 months to avoid negative effects. Nearly 60% of marketers praise AI for cutting costs and streamlining tasks, while others harness its power to enhance creativity. Brands like Victoria’s Secret use AI to deliver tailored campaigns, showcasing how technology fosters personalization and loyalty, igniting a true creative renaissance.
93.3%
As per September Comscore data, US mothers spend 2x more time on Facebook and Messenger than TikTok. According to May 2024 reports, 93.3% of US mothers (31.3M) use social media. Facebook serves as a hub for acquiring, knowledge sharing platforms about parenting and advises local groups to engage.
24 M
Netflix is poised for a stellar year, with revenue growth projected to more than double 2023's rate and subscriber gains nearing the record 13.1 million from late 2022. Its Christmas NFL broadcast attracted over 24 million viewers, peaking at 27 million during Beyoncé’s halftime show, breaking streaming records. Analysts expect 9 million new subscribers in Q4, but maintaining this momentum will hinge on price hikes, advertising, and meeting revenue expectations.
$15 B
Creator campuses are set to splash in 2025, with Whalar opening The Lighthouse in California in January and Billion Dollar Boy launching FiveTwoNine in London the same month. With US creators projected to earn $15B from social media, these spaces offer perks like production studios, workshops, and coworking areas. However, only 39% of creators express interest in physical locations, raising questions about long-term demand.
85%
Alibaba Cloud is cutting prices on its visual language model Qwen-VL by up to 85%, intensifying competition among Chinese tech giants in the AI space. This follows earlier reductions, including 55% cuts on cloud products in February and 97% price drops for Qwen AI in May. Over 90,000 enterprises have already leveraged Alibaba’s Qwen models as they focus on the business segment over consumer AI chatbots.
25 M
Bluesky, with 25 million users, faces rapid growth challenges, including 42,000 moderation reports in a single day and 830 CSAM cases in 2023, up from just one in 2022. While its unique identity verification approach and proactive moderation tackle issues like scams and fake accounts, it contends with censorship in countries like China and Pakistan. As a smaller platform, Bluesky strives to uphold a free internet while adapting to increasing pressures.