{"id":12785,"date":"2025-09-10T19:00:09","date_gmt":"2025-09-10T19:00:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/12785\/"},"modified":"2025-09-10T19:00:09","modified_gmt":"2025-09-10T19:00:09","slug":"google-cloud-ceo-says-tech-giant-has-made-billions-on-ai","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/12785\/","title":{"rendered":"Google Cloud CEO Says Tech Giant Has \u2018Made Billions\u2019 on AI"},"content":{"rendered":"

Google Cloud<\/a>\u2019s chief executive has reportedly outlined how the company is generating revenue through AI services.<\/p>\n

\u201cWe\u2019ve\u00a0made billions\u00a0using AI already,\u201d\u00a0Thomas Kurian<\/a>\u00a0said Tuesday (Sept. 9) at the Goldman Sachs Communacopia and Technology Conference in San Francisco<\/a>, CNBC reported<\/a>.<\/p>\n

\u201cOur backlog is now at $106 billion \u2014 it is growing faster than our revenue. More than 50% of it will convert to revenue over the next two years,\u201d Kurian said.<\/p>\n

Google reported revenue of $13.62 billion for its cloud computing unit, up 32% over the previous year. The company\u2019s\u00a0cloud business<\/a>\u00a0trails those of\u00a0Microsoft<\/a>\u00a0and\u00a0Amazon<\/a>, the report noted, but is growing faster than them.<\/p>\n

In some cases, the revenue comes from people paying by consumption, such as enterprise customers who purchase artificial intelligence infrastructure. Others pay for cloud services through subscriptions.<\/p>\n

\u201cYou pay per user per monthly fee \u2014 for example,\u00a0agents or Workspace<\/a>,\u201d said Kurian, referring to the company\u2019s Gemini products and Google Workspace productivity suite, which come with a number of subscription tiers.<\/p>\n

Kurian told the conference that upselling is another important part of Google Cloud\u2019s strategy.<\/p>\n

\u201cWe also upsell people as they use more of it from one version to another because we have higher quality models and higher-priced tiers,\u201d he said, also noting that Google is capturing new customers more quickly.<\/p>\n

\u201cWe\u2019ve seen 28% sequential quarter-over-quarter growth in new customer wins in the first half of the year,\u201d said Kurian, with nearly two-thirds of customers already using Google Cloud\u2019s AI tools.<\/p>\n

In other Google Cloud news, the company\u2019s head of strategy, Web3 said recently that Google\u2019s Layer 1 blockchain will provide a\u00a0neutral infrastructure layer<\/a>\u00a0for use by financial institutions.<\/p>\n

In a post on LinkedIn,\u00a0Rich Widmann<\/a>\u00a0wrote that the blockchain, Google Cloud Universal Ledger (GCUL), \u201cbrings together years of R&D at Google to provide financial institutions with a novel Layer 1 that is performant, credibly neutral and enables Python-based smart contracts.\u201d<\/p>\n

Linking to a March report by PYMNTS, Widmann added that\u00a0CME Group<\/a>\u00a0employed GCUL to as it explored\u00a0tokenization and payments<\/a>\u00a0on its commodities exchange.<\/p>\n

\u201cBesides bringing to bear Google\u2019s distribution, GCUL is a neutral infrastructure layer,\u201d Widmann wrote in his post. \u201cTether<\/a>\u00a0won\u2019t use\u00a0Circle\u2019s<\/a>\u00a0blockchain \u2014 and\u00a0Adyen<\/a>\u00a0probably won\u2019t use\u00a0Stripe\u2019s<\/a>\u00a0blockchain. But any financial institution can build with GCUL.\u201d<\/p>\n

Widmann said Google Cloud will reveal additional technical details about GCUL within months.<\/p>\n","protected":false},"excerpt":{"rendered":"Google Cloud\u2019s chief executive has reportedly outlined how the company is generating revenue through AI services. \u201cWe\u2019ve\u00a0made billions\u00a0using…\n","protected":false},"author":2,"featured_media":12786,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,1711,8815,61,60,43,179,80,181],"class_list":["post-12785","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-google","tag-google-cloud","tag-ie","tag-ireland","tag-news","tag-pymnts-news","tag-technology","tag-whats-hot"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/12785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=12785"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/12785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/12786"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=12785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=12785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=12785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}