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Google Cloud Projects $58B Revenue Boost by 2027 Fueled by AI Adoption
Google Cloud Projects $58B Revenue Boost by 2027 Fueled by AI Adoption
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BTCCSquare news:
Alphabet's Google Cloud unit is accelerating toward a $58 billion revenue conversion from its $106 billion contract backlog by 2027, as revealed by CEO Thomas Kurian at the Goldman Sachs conference. The cloud division's growth rate now outpaces its recognized revenue, with a 28% quarterly increase in new customers.
Artificial intelligence serves as the Core growth driver, with OpenAI and Anthropic among nine top AI labs running on Google Cloud infrastructure. Two-thirds of existing clients already actively use the platform's AI tools, creating a sticky ecosystem for upsell opportunities. Google's years-long investment in custom AI chips and systems provides structural advantages in the cloud arms race.
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