Reported about 15 hours ago
Google Cloud has evolved from a money-losing entity into one of Alphabet’s fastest-growing businesses, leveraging significant investments in AI technology. With cloud revenue reaching over $15 billion in the third quarter, largely due to strong demand for AI infrastructure, it now rivals YouTube as Alphabet's second major cash generator. Under CEO Sundar Pichai and head Thomas Kurian, Google Cloud has reshaped its sales strategy to target enterprise customers and has introduced new efficiencies that have led to its first profits in 2023. Its focus on generative AI and partnerships with top AI labs, along with a more disciplined approach, positions it for future growth despite the competitive landscape dominated by Microsoft and Amazon.
Source: YAHOO