# Alphabet CEO Sundar Pichai said that the company's enterprise AI solutions have become their primary growth driver for the cloud business for the first time.

*business · news · 2026-04-29 · CNBC TV18*

## Key points

- For the first time, enterprise AI solutions are now Alphabet's primary growth driver for cloud.
- Alphabet's cloud revenue could have been higher if it had met market demand.
- Alphabet's contracted order backlog nearly doubled sequentially to over $460 billion.
- Capex guidance rose to $180-190 billion for 2024, up from its previous estimate.

**Companies:** Alphabet Inc.
**Countries:** United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/alphabet-q1-results-revenue-eps-beat-capex-guidance-dividend-raised-sundar-pichai-cloud-19896206.htm)

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