Business · 1h ago
Google Cloud revenue surge justifies $50B AI spend
Google Cloud revenue grew 35% to $12 billion in Q2 2026, driven by enterprise AI adoption. The division's operating profit hit $2.5 billion, up from $1 billion a year ago. CEO Sundar Pichai said AI infrastructure services now account for over 40% of new cloud deals.
Meridian48 take
The numbers validate Google's AI spending, but investors should watch whether cloud growth can sustain without one-time migration deals.
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Google justifies its massive AI spending with a booming cloud business →
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