The AI Daily Brief · Thursday, October 29, 2026
Google's cloud division doubled its revenue year-over-year to reach $30.7 billion for the quarter. However, the company experienced a growth slowdown in search and YouTube revenue, leading to a drop in its stock price.
“Google's cloud division, meanwhile, doubled revenue compared to year-ago figures, reaching $30.7 billion for the quarter, and meaning they've almost entirely closed the gap with Microsoft.”
“Search revenue growth came in at 12%, a massive slowdown from 17% in the previous quarter and 19% the quarter before that.”