Sundar Pichai

“And so picking up pace and releasing models almost at a monthly cadence is part of our road map as we are building Gemini for as well.”

“So it feels like, if anything, over the past year, we've gotten more bullish on the opportunities ahead.”

“Demand for our models is translating to strong token usage across developers and enterprise customers, and we continue to be supply constrained, a sign of momentum and rapid adoption.”

“In terms of allocating TPUs, look, our first priority is making sure we are allocating what we need to compete at the frontier in terms of AGI development and so that is the foundation for everything we do.”

“And just like AI Overviews, AI mode is driving an incremental increase in search queries overall, and we are now sending billions of clicks to websites every week through AI features in Search.”

“We have started our most ambitious pretraining run yet for Gemini 4 and are excited by the progress we are seeing at the frontier.”

“I am very excited by the progress I'm seeing internally on Gemini 4, and I'm confident that people will be pleased when we are putting it outside.”

“Look, I think the frontier is incredibly dynamic space, and it's fiercely moving forward.”

“Our AI investments are redefining what's possible across every part of our business.”

“Our continued momentum is driven by our integrated AI portfolio, consisting of chips, models, data, security and agent platforms, all designed to work together.”

“But it's very important to us to have the best frontier models out there as well as models, which are very performant and low cost.”

“As a big football fan, I was particularly excited to see Search usage hit an all-time high during the World Cup this year.”

“As just one example, a team in Chrome is now on track to accelerate delivery by 8 times compressing a 2-year time line into 3 months through model-driven refactoring.”

“And the incremental opportunities they are bringing to us while a short-term cost over a few months may be very high in the lifetime of the deal as we bring more capacity on, is highly ROI positive, right?”

“For the next generation of frontier, you're going to need a much larger base models.”

“Gemini continues to be a key driver of growth and is deeply integrated across all of our cloud products, including Gemini Enterprise, data analytics, cybersecurity and Google Workspace.”

“A lot of our Cloud serving is done on TPUs.”

“It's been incredible to see that over 1.7 million unique viewers globally watched World Cup-related videos on YouTube during the FIFA World Cup 2026.”

“Our agentic development platform, antigravity allows anyone to build in the agent first era.”

“So if you take an area like cybersecurity or data analytics, people are deploying solutions in which models are an ingredient in that solution, right?”

“We are now training Gemini 4, and we're being very ambitious with it.”

“We have been shipping helpful new features like this at an incredible clip.”

“So we're applying Gemini models really across our entire ad infrastructure, whether it's ad quality, advertising tools, adds and new AI experiences.”

“So all of that looks like extraordinary opportunities with extraordinary returns for executing well on those opportunities.”

“Since launching at IO in May, there's been a 40% increase in daily active users, creating videos on the Gemini app.”

“Cloud revenue grew 82% powered by strong demand for AI infrastructure and AI solutions and Cloud backlog grew to $514 billion.”

“So I think we are very, very well positioned there.”

“More than 9 million developers are building each month with our models across our APIs and key developer products.”

“We are also bringing the power of conversational AI directly into the YouTube experience.”

“So Flash does very well on all of that.”

“The early engagement is encouraging.”

“And so I think if anything, the dynamics look healthier than where we were about a year ago.”

“Next, the Gemini app, which now has 950 million monthly active users with daily active users tripling in the last year.”

“Over the last 12 months, more than 2,000 enterprises consumed over 100 billion tokens.”

“But given the extraordinary demand to balance the external demand even for most cloud customers, we are using both TPUs and GPUs, mainly for serving our models.”

“In Q2, agent development kit, our framework for building and deploying enterprise AI agents reached nearly 70 million total downloads.”

“First, our VIrgo network, which is designed to meet the needs of modern large-scale AI workloads.”

“Waymo introduced its newest vehicle or high to public riders.”

“We saw 17% revenue growth in search and other and YouTube ads grew 13%.”

“We are seeing tons of demand for our workhorse Gemini Flash series because it hits the sweet spot of performance and cost.”

“Look, I mean, 2 things I'd say, first of all, we are -- we really think about the Pareto frontier.”

“Wing has safely completed more than 1 million home deliveries, and we continue to grow our presence through partnerships with Walmart, DoorDash and Papa Jones.”

“And so that's what gives us the confidence to undertake those investments.”

“We continue to make Search more helpful and Intuitive.”

“We recently brought together AI Overview in AI mode into one seamless search experience that combines our frontier capabilities with the best of the web.”

“Users love new agent features like Daily Brief and our personalized agent, Gemini Spark, which is now available in the U.S. and internationally.”

“And third, our new agent optimized Axion CPU, provides 30% better performance per dollar compared to peer offerings.”

“We are really focused, putting a lot of effort into Gemini 4.”

“And so obviously, having our own models allows us to really optimize these solutions and bring an integrated offering, but we will also provide other models as part of these solutions.”

“So we see the progress just in 6 weeks from the prior version to the new version, and you will see more continued iterations on that as well.”

“We are seeing strong diversified demand across products, customers, geographies and industries.”

“Thank you so much for the question.”

“So I would say from an ROIC standpoint, I think we are taking a full stack approach.”

“These models have been downloaded over 900 million times, and our latest GM4 models have been downloaded over 300 million times since launching in April.”

“And so the model is just an ingredient in those solutions.”

“More than 140 million users engaged with Ask YouTube on the watch page in June 2026.”

“And then we have our AI part campaigns like AI Max that help advertisers actually adapt and find the opportunities beyond keyword.”

“And we are also seeing strong demand for TPUs stand-alone systems from other customers.”

“Thanks to our engineering and hardware optimizations this quarter, we reduced the cost of AI mode responses to its lowest level since launch even as we have brought more advanced AI capabilities.”

“This really highlights how much people turn to Google in moments that matter.”

“One of the strongest parts of our growth comes from the rapid adoption of our Gemini Enterprise platform.”

“And we obviously use it extensively.”

“We are driving growth with partners with transactions on Google Cloud Marketplace growing over 7x year-over-year.”

“If you think about an area like customer service, you need really good voice quality, you need live streaming, you need the ability to reason on that or if you're a professional services firm, you need high-quality summarization, content generation, et cetera.”

“Antigravity is a powerful tool for users and enterprises and it's completely accelerated how we build internally.”

“We are winning new customers, more than doubling our acquisition velocity year-over-year.”

“In terms of the frontier, we are both very committed and very confident of being at the frontier.”

“Today, 90% of Fortune 100 are Google Cloud security users.”

“We are deepening our relationships with existing customers who are expanding their usage and exceeding their commitments by more than 50%.”

“We have a really exciting ads road map as well ahead of us on the brand side, on the direct response side.”

“It's great to see the wide adoption of Gemini Enterprise with nearly 90% of Fortune 100 using it.”

“This is the first vehicle powered by the sixth generation Waymo Driver and we'll welcome more riders in the coming months.”

“And we have seen a more than 45% quarter-over-quarter increase in the number of AI workloads scanned and protected by our security platform.”

“On the speed of model releases, I do think you will see us continue to pick up pace.”

“Nearly 500 cloud customers have each processed more than 1 trillion tokens in the last year and usage is so much deeper than that.”

“We are continuing our strategy of investing in promising companies and internal efforts that bring pioneering AI research into the real world.”

“All of this momentum is driving growth in our paid token usage.”