Reported 27 days ago
Google's parent company, Alphabet, reported a significant 35% increase in Google Cloud revenue for the July-September quarter, the fastest growth in two years, suggesting a positive outlook for major competitors Amazon and Microsoft. Analysts note that this continued growth reflects the growing importance of AI in decision-making for organizations, despite Google's smaller cloud market share. Increased investment in AI technology and the integration of AI tools into its cloud offerings have attracted more customers, contributing to Alphabet's overall revenue growth.
Source: YAHOO