Google Cloud’s sales rose 82% to $24.8 billion
Alphabet’s cloud business saw significant growth, with sales reaching $24.8 billion, an 82% increase from the year-ago period.
The company’s cloud backlog stood at $514 billion, indicating a strong pipeline of future sales.
Alphabet has been using its custom AI chips, Tensor Processing Units, in its cloud segment and has started selling them to select outside customers, generating new revenue streams.