Google Cloud Cashes in on AI Boom, Backlog Soars to $106 Billion
Summary
Google Cloud capitalizes on the AI surge, amassing a staggering $106 billion backlog as customers flock to its AI services, fueling billions in revenue through consumption-based pricing and subscriptions, with over 50% expected to materialize within two years.
Key Points
- Google Cloud chief Thomas Kurian explains how the tech company is generating billions in revenue from its artificial intelligence products.
- Customers pay for Google's AI services through consumption-based pricing, subscriptions, and upselling to higher-priced tiers.
- Google Cloud's backlog of customer demand is growing faster than its revenue, reaching $106 billion with over 50% expected to convert to revenue in the next two years.