Alphabet’s Q3 2024 profit rose 34% to $26.3 billion, driven by strong gains in Google Cloud, where revenue increased 35% to $11.4 billion and operating profit surged to $1.9 billion. Core search and ad revenue climbed 10% to $65.9 billion, while YouTube contributed with $8.9 billion in ad and subscription revenue. Capital expenditure grew to $13.1 billion, mostly for AI infrastructure. Similar spending is expected in Q4. CEO Sundar Pichai noted a surge in demand for Alphabet’s AI tools, such as “AI Overviews” for search. These tools make responses quicker and cheaper. Alphabet ranks third in the cloud market, trailing Amazon and Microsoft. It faces regulatory challenges, including a U.S. antitrust ruling on its search practices and cases related to its app store and ad tech.