Google commits $5 billion to this “Other Bets’” project

Google’s parent company, Alphabet, reported a strong second quarter (Q2 2024) with revenue increasing 14% compared to the same period last year. The growth was driven by the success of its search and cloud businesses. Alphabet’s experimental projects, grouped under “Other Bets,” also saw improvement, generating $365 million in revenue—a significant increase from the previous year’s $285 million.