Google Cloud Rides Enterprise AI Demand to 82% Growth

Alphabet ’s second-quarter earnings announcement on Wednesday (July 22) provided a clearer answer to one of the central questions surrounding generative AI: Are businesses moving quickly enough from testing the technology to paying for it at scale? For Google, the evidence is increasingly coming from enterprise customers, where demand for computing capacity, Gemini models and AI applications contributed to an 82% increase in Google Cloud revenue and pushed Cloud backlog to $514 billion.