business / news / / CNBC TV18
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.
For the first time, enterprise AI solutions are now Alphabet's primary growth driver for cloud.
KEY POINTS
- 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
Summarized by Newsio from CNBC TV18. How we summarize →