Google Cloud has nowhere near the vast customer base of Amazon, Microsoft: Reuters
6 years, 1 month ago

Google Cloud has nowhere near the vast customer base of Amazon, Microsoft: Reuters

Firstpost  

Google, Microsoft and Amazon combined spent nearly $53 billion on capital expenses last year. Microsoft’s Azure cloud had 69 firms, among them weapons maker Axon Enterprise Inc and business data firm Dun & Bradstreet Co. Thirty four of the companies cited multiple clouds. “There’s a trust factor that wasn’t there before.” Kurian also must reassure some investors bewildered by Google’s cloud ambitions: Diversifying revenue beyond advertising is a plus, but it is not coming cheap. Mike Fisher, Etsy Inc’s chief technology officer, said Google’s superior AI tools helped win over the New York-based crafts marketplace. Kurian’s Plan To attract more traditional corporate clients, Google Cloud will need to do some handholding, executives at its partners and rivals said.

Data Amazon Google Companies Microsoft Cloud Reuters Base Customer Fisher Oracle Kurian Google Cloud  googles  base  amazon  near  data  kurian  companies  google  company  customer  microsoft  cloud  software  vast

History of this topic

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Trending News
1 month, 2 weeks ago

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China

Firstpost  

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s market values dropped by $200 billion as their cloud divisions reported weaker growth Microsoft CEO Satya Nadella reaffirmed his commitment to spending $80 billion to expand Azure, emphasising the importance of capitalising on its early …

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development
2 months, 2 weeks ago

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

The Hindu  

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services, plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies. Big Tech companies are pouring billions into artificial intelligence, highlighting the growing need for robust data centers and advanced infrastructure to support AI-driven innovations and cloud services. This surge …

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%
4 months, 3 weeks ago

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%

Live Mint  

Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence. “In cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals,” Alphabet Chief Executive Officer Sundar Pichai said in the …

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’
11 months, 1 week ago

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’

Hindustan Times  

Google CEO Sundar Pichai said that in the fourth quarter of 2023 Google Cloud was at a $36 billion annual revenue run rate. At the Google Cloud Next event, Sundar Pichai said that Google Cloud is showing progress owing to deep investments that the company has made in Artificial Intelligence. Google and Alphabet Inc. CEO Sundar Pichai talked about the …

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan
11 months, 1 week ago

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan

Hindustan Times  

Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence. Microsoft's Azure, Alphabet-unit Google Cloud and Amazon Web Services are the top three cloud computing companies in the world. Server …

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024
1 year, 1 month ago

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024

Firstpost  

Google spent a substantial $2.1 billion on severance packages and associated costs while downsizing its workforce by over 12,000 employees throughout 2023, as per a report by The Verge. Key contributors to this growth were Google’s core digital advertising and cloud computing businesses, which demonstrated consistent expansion, attributed by CEO Sundar Pichai to investments in generative AI. Despite the layoffs, …

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
1 year, 1 month ago

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%

Live Mint  

Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year. "Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from global central banks," said Thomas Monteiro, an …

Google invests £790m in first UK data centre
1 year, 2 months ago

Google invests £790m in first UK data centre

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Google has unveiled a one …

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms
1 year, 4 months ago

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms

The Hindu  

Google-parent Alphabet's cloud business crawled to its slowest in 10 quarters, sending the company's stock down 5.7% after hours, even as sales at rival Microsoft's cloud unit boomed. The drop in Google’s share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and shows the cloud …

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%
1 year, 4 months ago

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%

Live Mint  

Google-parent Alphabet's cloud business missed revenue estimates, leading the company's share price to fall over 5% after hours. Google Cloud third-quarter revenue rose 22.5% to $8.41 billion, while it posted operating income of $266 million, compared with an operating loss of $440 million a year ago. By contrast, revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud computing …

Twitter back to using Google Cloud after new CEO helps resume payments: Report
1 year, 9 months ago

Twitter back to using Google Cloud after new CEO helps resume payments: Report

Hindustan Times  

Twitter has resumed paying Google Cloud for its services, patching up a relationship that became strained after Elon Musk acquired the social network and stopped paying Google and various other companies. The two companies are also negotiating a broader partnership that could include advertising and Google’s use of Twitter’s API, said the person, who requested anonymity to discuss a private …

Google Is All About Cost Control Now
1 year, 10 months ago

Google Is All About Cost Control Now

Live Mint  

Google is working hard to do more with less. Its parent company, Alphabet Inc., posted decent first-quarter results late Tuesday—decent in the sense that overall revenue narrowly beat Wall Street’s dim expectations thanks to some surprising resilience in the core search advertising business and despite a continuing slump in YouTube ads. The signs here are better: Total operating profit of …

Google invests almost $400 million in ChatGPT rival Anthropic
2 years, 1 month ago

Google invests almost $400 million in ChatGPT rival Anthropic

LA Times  

Alphabet’s Google has invested almost $400 million in artificial intelligence startup Anthropic, which is testing a rival to OpenAI’s ChatGPT, according to a person familiar with the deal. “Google Cloud is providing open infrastructure for the next generation of AI startups, and our partnership with Anthropic is a great example of how we’re helping users and businesses tap into the …

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace
2 years, 4 months ago

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace

ABP News  

Sundar Pichai, chief executive officer of Alphabet, has said that his firm is planning to scale down the rate of hiring in Q4 of 2022 and for 2023 as the tech giant’s Q3 revenue grew at its slowest pace in more than two years, reported by CNBC. Shares of Alphabet sank about 7 per cent in extended trading on Tuesday …

Global spending on cloud jumps 33%, report says
2 years, 7 months ago

Global spending on cloud jumps 33%, report says

The Hindu  

Global spending on cloud services surged in the June-ending quarter, report said. Research firm Canalys estimated that worldwide spending on cloud services in the June-ending quarter this year reached $62.3 billion, rising 33% from the same duration in the previous year. “Most companies have gone beyond the initial step of moving a portion of their workloads to the cloud and …

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year
2 years, 11 months ago

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year

News 18  

– Alphabet Inc's Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. Google will continue to invest …

Google To Invest $9.5 Billion Across Data Centres And Offices, Create 12,000 Jobs
2 years, 11 months ago

Google To Invest $9.5 Billion Across Data Centres And Offices, Create 12,000 Jobs

ABP News  

New Delhi: Alphabet and Google CEO Sundar Pichai has revealed the company's investment plans and said that it is looking to create as many as 12,000 jobs. Pichai on Wednesday said that the company plans to invest about $9.5 billion across its US offices and data centres this year, up from $7 billion last year. In the past five years, …

Sundar Pichai outlines Google’s investment plan to create as many as 12,000 jobs
2 years, 11 months ago

Sundar Pichai outlines Google’s investment plan to create as many as 12,000 jobs

Live Mint  

Alphabet Inc's Google said on Wednesday it plans to invest about $9.5 billion across its US offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. In addition, the Android app economy …

Google growth marred by disappointing result in YouTube, cloud computing sectors
3 years, 4 months ago

Google growth marred by disappointing result in YouTube, cloud computing sectors

Hindustan Times  

Google parent Alphabet Inc. reported quarterly sales that topped Wall Street estimates, reflecting robust advertiser spending, but disappointing results from its YouTube and cloud-computing divisions weighed on the stock. Chief Executive Officer Sundar Pichai has tried to keep Alphabet’s revenue engine chugging along by prioritising three areas: e-commerce, YouTube, and cloud computing. Chief Financial Officer Ruth Porat said on a …

Google aims to be the anti-Amazon of e-commerce; it has a long way to go
3 years, 11 months ago

Google aims to be the anti-Amazon of e-commerce; it has a long way to go

Firstpost  

Google tried to copy Amazon’s playbook to become the shopping hub of the internet, with little success. The amount of goods people buy on Google is “very small” by comparison — probably around $1 billion, said Juozas Kaziukenas, founder of Marketplace Pulse, a research company. Amazon’s global advertising business grew 30 percent to $17.6 billion in 2020, trailing only Google …

Alphabet shares leap as Google beats estimates, but Cloud lags
4 years, 1 month ago

Alphabet shares leap as Google beats estimates, but Cloud lags

Al Jazeera  

Alphabet’s Cloud unit is losing $5.6bn a year, and the company has faced questions over whether it can spin the cash from its successful advertising business into a profitable new venture. Alphabet Inc on Tuesday beat fourth-quarter sales expectations as advertising customers unleashed budgets for the holidays, and the Google owner disclosed for the first time that its Cloud unit …

Why Google Cloud hasn't picked up yet in India
5 years, 8 months ago

Why Google Cloud hasn't picked up yet in India

Live Mint  

New Delhi: Indian enterprises, small and medium businesses and startups are looking to embrace intelligent, scalable, agile and fast Cloud on their digital journey and global players like Amazon Web Services, Microsoft and Google have ramped up efforts to woo customers by offering cheaper services with local data storage. Although Cloud computing with Artificial Intelligence and Machine Learning capabilities have …

Microsoft briefly valued at $1 trillion after prediction of continuous cloud growth
5 years, 10 months ago

Microsoft briefly valued at $1 trillion after prediction of continuous cloud growth

Firstpost  

Microsoft tops tech rivals such as Amazon in market capitalization on some days. Microsoft shares rose 4.4 percent to $130.54 in late trading after the forecast issued on a conference call with investors, pushing the company ahead of Apple Inc’s $980 billion market capitalization. Microsoft’s “commercial cloud” revenue - which includes business use of Azure, Office 365 and LinkedIn - …

Google will invest $13 billion on data centers and offices in the US this year
6 years, 1 month ago

Google will invest $13 billion on data centers and offices in the US this year

Firstpost  

With the new investment Google will now be in 24 out of the 50 states in the US. Alphabet Inc’s Google said on Wednesday it would spend more than $13 billion on data centers and offices in the United States this year. “These new investments will give us the capacity to hire tens of thousands of employees, and enable the …

With a jump in advertising sales, Alphabet logs $39.3 bn in revenue on Google ad business
6 years, 1 month ago

With a jump in advertising sales, Alphabet logs $39.3 bn in revenue on Google ad business

India TV News  

Alphabet, the parent company of Google that rides on Google's robust ad business has logged $39.3 billion in revenue for the fourth quarter of 2018 that is an increase of 22 per cent compared to last year. Also, read: Despite privacy challenges, Facebook earns record profits The advertising business of Google accounts to $32.6 billion of Alphabet's overall revenue. Ruth …

Alphabet logs $39.3 bn in revenue on Google ad business
6 years, 1 month ago

Alphabet logs $39.3 bn in revenue on Google ad business

The Quint  

San Francisco, Feb 5 Riding on Google's robust ad business, the parent company Alphabet has logged $39.3 billion in revenue for the fourth quarter of 2018 -- an increase of 22 per cent from the same period a year ago. Google's advertising business accounted for $32.6 billion of Alphabet's overall revenue. "In 2018 we delivered strong revenue growth, up 23 …

Google’s new spending surge shows a company that is playing catch-up
6 years, 10 months ago

Google’s new spending surge shows a company that is playing catch-up

Live Mint  

San Francisco: Alphabet Inc.’s first-quarter results came with a clear message to Wall Street: The company is embarking on a new spending binge to chase its biggest rivals. Google’s parent posted the strongest sales growth in almost four years on Monday, indicating marketers kept flocking to its services amid rising scrutiny of digital ads. Chief executive officer Sundar Pichai told …

Google’s new spending binge shows a company playing catch-up
6 years, 10 months ago

Google’s new spending binge shows a company playing catch-up

Hindustan Times  

Alphabet Inc.’s first-quarter results came with a clear message to Wall Street: The company is embarking on a new spending binge to chase its biggest rivals. Google’s higher spending in the first quarter shaved operating profit margins to 22 percent from 27 percent a year earlier. Google’s parent posted the strongest sales growth in almost four years on Monday, indicating …

Google hiring more people outside Silicon Valley in US
7 years, 1 month ago

Google hiring more people outside Silicon Valley in US

India TV News  

Google is hiring thousands of people outside of its Silicon Valley base in the US and will build five more data centres in the country this year. In an investors' call, CEO Sundar Pichai said that Google would be "making significant investments in offices across nine states, including Colorado and Michigan". Riding on Google's growing ad business, Alphabet Inc on …

Cloud computing drives growth for major US tech firms; Microsoft's Azure business nearly doubles
7 years, 4 months ago

Cloud computing drives growth for major US tech firms; Microsoft's Azure business nearly doubles

Firstpost  

The big three cloud vendors also benefit from the decision by many enterprises to build their applications using more than one cloud vendor. “The move to the cloud was one we felt Microsoft could always benefit from, and they’re showing us that they can,” said Kim Forrest, vice president and senior equity analyst at Fort Pitt Capital Group, a portfolio …

Google's parent company Alphabet share price drops after profit targets are missed
8 years, 1 month ago

Google's parent company Alphabet share price drops after profit targets are missed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alphabet, the parent company of …

Google parent Alphabet profit surges on mobile, video ads
8 years, 4 months ago

Google parent Alphabet profit surges on mobile, video ads

Live Mint  

Bengaluru: Google parent Alphabet Inc. bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for the mobile era and is closing in on the next wave of computing. Google has been dogged by concerns about how it would nudge its vast web advertising business towards mobile, but the …

Google rebrands cloud business, adds more artificial intelligence
8 years, 5 months ago

Google rebrands cloud business, adds more artificial intelligence

Live Mint  

Alphabet Inc.’s Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company’s latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google’s enterprise business, said the company has made good progress courting …

Google to acquire Apigee, a cloud software company, for $625 million
8 years, 6 months ago

Google to acquire Apigee, a cloud software company, for $625 million

Firstpost  

Alphabet Inc’s Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business. The service is critical for businesses transitioning to the cloud, Diane Greene, who runs Google’s cloud computing division, said in an interview. During …

Amazon’s $5 billion cloud saga: What’s in it for India
9 years, 10 months ago

Amazon’s $5 billion cloud saga: What’s in it for India

Firstpost  

“India is a very heavy base of SMBs and startups. With over 1 million business customers, including biggies like General Electric, News Crop., Kelloggs, etc, AWS’ blockbuster numbers make it “ larger than its four main competitors combined in the cloud infrastructure service market,” according to Synergy Research Group. “Across the full and varied spectrum of cloud activities there are …

Amazon Reveals Just How Huge the Cloud Is for Its Business
9 years, 10 months ago

Amazon Reveals Just How Huge the Cloud Is for Its Business

Wired  

The Amazon cloud is a $4.6 billion business. Though its cloud business still accounted for only 7 percent of the company's overall quarterly revenue of $22.72 billion, AWS is growing at a much faster rate than the rest of Amazon. Amazon's Enormous Lead Cloud operations like AWS provide instant access to computing power over the internet. Prior to the release …

Amazon's New Cloud Prices Show That Google Is Now a Threat
10 years, 3 months ago

Amazon's New Cloud Prices Show That Google Is Now a Threat

Wired  

Amazon just changed the way that it charges for some of its cloud computing services. Amazon has long dominated the market for cloud computing---services that let coders and business run software without setting up their own hardware---but this week's announcement looked like a direct response to a pretty serious threat from Google. Both Google and Amazon hand out discounts to …

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