Alphabet CEO Sundar Pichai declared that the company’s growth model has changed, 24/7 Wall St.reports. “Revenue from products built on our gen
AI models grew nearly 800% year-over-year,” Pichai said during his Q1 earnings call. “Enterprise AI solutions have become our primary growth driver for the first time.”
Meanwhile, Alphabet reported that Google Cloud revenue grew by 63% to over $20 billion, and that operating income tripled to $6.6 billion. Cloud growth has accelerated for four quarters in a
row.
Read the whole story at 24/7 Wall Street »