"AI solutions were the largest driver of cloud growth, with products built on Google's genAI models growing nearly 800% year-over-year. Google Gemini Enterprise also grew 40% quarter-over-quarter, the company said, and AI token growth via its API grew to 16 billion tokens per minute, up from 10 billion in the fourth quarter."
"Pichai noted other cloud milestones, including new customer acquisition doubling year-over-year, deal momentum doubling the number of $100 million to $1 billion deals year-over-year, with the company signing multiple 'billion-dollar-plus' deals."
"'Obviously, we are compute constrained in the near-term,' Pichai said. 'An increase in backlog to $462 billion demonstrates how Google Cloud was different from other competitors.'"
In Q1 2026, Google Cloud reported revenues exceeding $20 billion, marking a 63% increase year-over-year. The growth was primarily fueled by the Google Cloud Platform, which outpaced overall revenue growth. AI solutions, particularly Gemini Enterprise, were significant contributors, with AI products growing nearly 800% year-over-year. Alphabet CEO Sundar Pichai highlighted new customer acquisitions and substantial deal momentum, although he acknowledged growth constraints, with a backlog of $462 billion, indicating compute limitations in the near term.
Read at TechCrunch
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