Google’s Cloud unit reported a profit for the first time this year and it looks poised to increase its market share on the back of generative AI Startups.
Google Cloud CEO, Thomas Kurian, said “over 50% of all funded AI companies are our customers on Google Cloud and over 70% of AI unicorns use Google Cloud”. Furthermore, of the startups valued at $1 billion or more, approximately a third are helmed by former Google employees. Google has managed to attract generative AI companies by making it incredibly easy to access secure resources. AI programs with prompts that can spin up images, text, and video are more often than not choosing Google. This is because of the ability to use Google’s AI models as well as other companies, this degree of flexibility all happens under one roof (or cloud) at Google Cloud.
Although Google Cloud still trails Amazon AWS and Microsoft Azure in market share, the future looks bright for Google as generative AI is expected to experience rapid growth in the years to come. Just think, if Nvidia is AI’s answer for semiconductors, than just maybe Google is AI’s answer for cloud computing capacity.