Alphabet Crosses $100 Billion Revenue Milestone; Elon Musk Praises Sundar Pichai | Business News


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Elon Musk and Sundar Pichai exchanged messages on X after Alphabet reported its first-ever $100-billion quarter.

Sundar Pichai and Elon Musk

Sundar Pichai and Elon Musk

In a rare moment of public camaraderie between two tech titans, Elon Musk and Sundar Pichai exchanged messages on X (formerly Twitter) after Alphabet reported its first-ever $100-billion quarter on Wednesday.

Pichai, CEO of Alphabet and Google, celebrated the milestone in a post, noting that the company had doubled its quarterly revenue in five years: “We delivered our first-ever $100B quarter driven by double-digit growth across every major part of our business… Our full-stack approach to AI is driving real momentum.”

Musk responded with a brief “Nice work!”, to which Pichai replied, “Thanks, exciting things ahead!” The brief interaction quickly drew attention, as the two rarely engage publicly despite leading companies at the forefront of the global AI race.

Alphabet crosses $100-billion milestone

Alphabet reported quarterly revenue of $102.3 billion, up from $87.5 billion a year ago, marking its strongest double-digit growth in five years. Net income also beat expectations, with Pichai crediting the company’s “full-stack approach to AI” across infrastructure, models, and products for the strong performance.

Cloud revenue surged 33.5% year-on-year to $15.2 billion, surpassing Amazon Web Services’ growth rate, and posting $3.59 billion in profit. AI-powered features across Search, YouTube, Ads, Cloud, and Workspace are already boosting revenue, Pichai told analysts.

Heavy AI investment continues

To maintain its edge in the AI race, Alphabet raised its capital expenditure forecast to $91–$93 billion from $85 billion, with most of the spending going toward data centers, custom AI chips, and cloud infrastructure. About 60% of recent capex was allocated to servers, the company said.

The investment puts Alphabet alongside Microsoft and Meta, which are also ramping up AI spending.

This is not the first time Musk has publicly acknowledged Google’s advances. Earlier this month, after Pichai announced a major quantum computing breakthrough with the new Willow chip achieving “verifiable quantum advantage,” Musk congratulated him, remarking that quantum computing is “becoming relevant.”

Aparna Deb

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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News business Alphabet Crosses $100 Billion Revenue Milestone; Elon Musk Praises Sundar Pichai
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