Google recently announced its third-quarter financial results, showing a 11% year-on-year increase in total revenue to $76.693 billion, and a significant 42% increase in net profit to $19.689 billion. The management stated that artificial intelligence and search assistants represent the most important development opportunities in the next decade and will continue to invest resources in these areas. The YouTube business has been driven by brand advertising and direct response advertising, with overall stable customer spending. The Google Cloud Platform business has grown faster than the entire cloud computing industry, and the management is satisfied with the development of the company's cloud business. Google anticipates that capital expenditures for the fourth quarter and next year will continue to increase, for the purpose of enhancing infrastructure construction.
Google's Q3 Financial Report: AI and Search Assistants as Key Growth Opportunities for the Next Decade

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