Google’s bigger bets are showing promise, but Search is still its cash cow

The continued dominance of Google is enabling the company to take some very expensive swings on nascent technologies. Many of these are in their infancy, but some are starting to make a splash. Its self-driving car division, Waymo, is reportedly doing 150,000 paid trips per week, and its Gemini AI model has now been squeezed into pretty much all of its products.

The dependability of the Google Search cash firehose also means that some of the company’s other highly used products, like Gmail, GoogleMaps (which just hit 2 billion users), and Google Chrome, don’t need to be huge moneymakers in their own right (yet). Of course, that dominance is catching the eye of the regulators: just a few weeks ago, the Justice Department said it was considering taking action to break Google’s monopoly on Search.

Microsoft and Meta report today.

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