Computerworld October 25, 2023
As enterprises optimize their cloud spending, Google Cloud has registered its slowest growth in three years.
The explosive growth in the demand for generative AI has been a big revenue driver for public clouds. However, while some cloud players are reaping the benefits of user demand, Google Cloud seems to be failing to cash in on one of the biggest technology opportunities in decades.
As Alphabet declared its third-quarter earnings on Tuesday, all eyes were on the company’s cloud division, Google Cloud, since — even while up to now costs have outweighed sales — it has been the biggest revenue growth driver for the company over the past several years.
While Google Cloud revenue managed to grow at 22% year-over-year...
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