Google justifies its massive AI spending with a booming cloud business

Alphabet's Google Cloud revenue surged 82% year-over-year to $24.8 billion, driven by enterprise AI adoption, surpassing analyst expectations. The company's profit rose significantly to $112.1 billion, with overall revenue up 24%. Google CEO Sundar Pichai highlighted AI investments as key growth drivers, while Google’s AI chatbot Gemini reached 950 million monthly active users.