And that's it for the evening. We'll be back tomorrow with live coverage of the Code Conference interview with Apple CEO Tim Cook, Jony Ive, and Laurene Powell Jobs as they discuss the legacy of Steve Jobs.

As CEO, what's your role in creating diversity opportunities at an executive level?

Pichai says the industry as a whole needs to do a lot more. "We need to be accountable ... we are clearly making progress."

He says it's equally important to make sure Google's products address issues of inequity, too.

Now we're off to audience Q&A.

Why pay billions of dollars to be the default search on iPhones?

Pichai compares it to competing for placement in a retail store. "There are platforms on which we are not the default, too. There are cases in which we walk away from deals if we feel the value isn't there."

Google didn't look at buying Twitter this year while Elon Musk was circling, Pichai said. Pinterest? He can't comment on M&A.

Swisher asks whether Pichai expects the Department of Justice to file an anti-trust lawsuit against Google.

"My guidance to our teams has been to be respectful and engaged," he says. He says he wants consumers to choose Google products because they're better options.

Why didn't Netflix pick Google instead of Microsoft to be its partner for its forthcoming ad-supported streaming tier? "That's a question for Reed."

Pichai is doing the thing big tech CEOs love to do when asked about competition, which is list all of the companies (like TikTok) that are rising upstarts.

He says YouTube is embracing the TikTok style of short, vertical videos with Shorts.

Pichai says he has never watched the HBO show Silicon Valley. "Too close to home."

"There is inherent uncertainty in the economy," Pichai says. "To me those are all factors outside of our control."

He wants Google to make better use of fewer resources and be more impactful with the employees it has. We published an internal memo he wrote on this topic recently.

Google has a long history of pushing back on "broad" government requests for user data, Pichai says, and if states push for data related to abortions now that the Supreme Court has overturned Roe v. Wade, the company will do the same.

"If we are uncomfortable with something we will speak up about it." But over time, he wants privacy regulation to be a factor as well.