What you need to know • Alphabet reports first-ever $100 billion quarter with a 16% revenue increase. • YouTube Ads and Google Search drove significant growth with 15% year-over-year gains. • CEO Sundar Pichai highlights AI strategy supporting rapid expansion across various segments.

Alphabet, Google's parent company, had a record-breaking Q3 this year as the company reported its "first-ever $100 billion quarter." The company's Q3 earnings report revealed a 16% year-over-year revenue increase, reaching a total of $102.3 billion.

This significant growth in revenue was driven by all of Alphabet's segments, including YouTube Ads, Google Search, and the Platforms and Devices department. "We had a terrific quarter, with double-digit growth across every major part of our business," said

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