Google is all-in on AI, and based on the company’s latest quarterly earnings, AI has been good for its bottom line. In a press release for Alphabet’s Q2 2025 earnings, CEO Sundar Pichai said that “AI is positively impacting every part of the business” and that features like AI Overviews and AI Mode are “performing well.”The company is also planning to increase its planned capital expenditures for the year up to $85 billion, according to Pichai. For the quarter, Alphabet reported revenue of $96.4 billion, up 14 percent year over year, with revenues for its “Google Search” segment reaching $54.1 billion. Pichai’s comments in the press release on AI align with recent findings from Pew, which suggested that AI Overviews appear to be successful at getting people answers but at the expense of clicks through to the websites that would otherwise offer them. Update, July 23rd: Added details from Alphabet’s earnings webcast.