"Google Cloud is now generating more than $70 billion in annual revenue, growing at 48% year on year, with a backlog of $240 billion, up 55% and more than double the roughly $155 billion of a year ago."
"Pichai described the moment as 'a fundamental rewiring of technology and an accelerant of human ingenuity.' The money suggests he may not be exaggerating."
"Google is positioning itself not as a cloud provider that offers AI but as the operating system for what it calls the agentic enterprise: a model in which AI agents handle routine business operations autonomously."
Sundar Pichai announced significant growth for Google Cloud, with $70 billion in annual revenue and a 48% year-on-year increase. The backlog reached $240 billion, doubling from the previous year. The Gemini app boasts 750 million monthly users, and the Gemini API processed 85 billion requests in January. Pichai introduced the Universal Commerce Protocol with major retailers and emphasized Google's unique full-stack integration. He described the current technological shift as a fundamental rewiring, positioning Google as the operating system for the agentic enterprise, where AI autonomously manages business operations.
Read at TNW | Google
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