I/O 2025 at the Shoreline Amphitheater in Mountain View, California starts with a two-hour keynote led by Alphabet and Google CEO Sundar Pichai at 10 a.m. PT / 1 p.m. ET / 5 p.m. GMT. There’s a live audience for this two-day conference, and you can stream the event live on YouTube. The livestream is now, well, live with a music pre-show.

When Google CEO Sundar Pichai takes the stage for the company’s Google I/O keynote address at 1 p.m. ET Tuesday, there will be a lot at stake. Hanging over the company’s annual software conference is worry that Google Search is losing ground to AI search engines like Perplexity and ChatGPT.

Now, Google’s overall value can be broken down into several key areas: its core search business, advertising on YouTube, network property revenues, Google Cloud services, and a collection of other businesses. Here’s the full view.