Sundar Pichai Says Alphabet's AI Products Now Reach Over 2.5 Billion Monthly Users Through AI Overviews. Here's What That Scale Means for Ad Revenue Investors.

Alphabet announced that its AI Overviews reach over 2.5 billion monthly users, with AI Mode serving 1 billion active users. Google Search advertising revenue grew 16.7% year-over-year to $63.27 billion in Q2, while total advertising revenue reached $81.63 billion, up 14%. The company is investing heavily in AI infrastructure with $44.9 billion in capital expenditures, supported by Google Cloud revenue growth of 82% to $24.8 billion.