Google justifies its massive AI spending with a booming cloud business
Google's cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.
2026-07-23
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Google's cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.
Alphabet, Google's parent company, is reportedly working on a new chip designed to make its Gemini models run much more efficiently.
If Alphabet's record-breaking $85 billion stock sale signals investor appetite for AI-related offerings, we can see that investors are ready to chow.
"The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply," Alphabet said in its statement.