For the full year 2024, Alphabet's revenue grew by 14% to 350 billion US dollars. Alphabet said it expects to invest approximately 75 billion dollars in capex in 2025, up from 52.5 billion dollars in 2024, primarily to expand its artificial intelligence capabilities.
Alphabet also reported that its Waymo self-driving vehicles served more than four million passenger trips in 2024. However, progress may have slowed - Alphabet also said Waymo is averaging over 150,000 trips each week - the same figure it cited in October 2024. Source: Alphabet
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