11/5/2023 0 Comments Space stock price![]() Our model estimate for 2023 revenues of the underlined segment is pegged at $2.67 billion, up 5.3% year over year.Īlphabet Inc. This will likely aid the Google Services segment’s performance, which accounted for 88.8% of total revenues in the second-quarter 2023.Īdditionally, revenues from the Google Services business in the second quarter increased 5.5% year over year to $66.3 billion. The above feature additions is likely to help the company gain strong traction among content creators, which in turn will boost YouTube’s user base. Also, the company introduced the latest production tools for editing short and long-form videos quickly.įurther, Google launched YouTube Create, a mobile app designed to streamline video production for creators, offering AI-enabled editing, captioning, voiceover, filters and royalty-free music features.Īpart from this, YouTube plans to offer creators AI-powered insights, automatic video dubbing capability and assistance in finding music and soundtracks beyond creation. One of the features called Dream Screen, a generative AI-powered tool, adds video backgrounds to short-form videos or Shorts seamlessly. Alphabet’s ( GOOGL Quick Quote GOOGL - Free Report) Google has added artificial-intelligence (AI)-powered features to YouTube for video creators.
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