Sundar Pichai Reported Alphabet's Cloud Revenue Grew 82% to $24.8 Billion Last Quarter, With the Gemini App Reaching 950 Million Monthly Users. Is Google Cloud Becoming a Bigger Growth Driver Than Search?
There's no doubt that Google Cloud will drive Alphabet's future.
Overview
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) CEO Sundar Pichai recently revealed some notable artificial intelligence metrics for his company, including an impressive 950 million monthly Gemini app users and, most importantly, $24.8 billion in Google Cloud revenue in the second quarter -- an 82% increase from the year-ago period.
Google Cloud's revenue acceleration was far ahead of the company's search revenue growth, which increased by just 17% in Q2.
Details
While search brings in more sales, it's clear that Google Cloud will be a primary growth driver as Alphabet builds its future on artificial intelligence. Here's why.
Source
Originally published at www.fool.com.
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