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Google Cloud chief details how search giants is making billions monetizing its AI products

1. Google Cloud's backlog reached $106 billion, growing rapidly. 2. AI service monetization has already generated billions for Google. 3. Cloud revenue increased 32% YoY to $13.62 billion last quarter. 4. Google won a $10 billion contract with Meta, enhancing competitive positioning. 5. 28% quarter-over-quarter growth in new customers for Google Cloud reported.

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FAQ

Why Bullish?

Google's robust cloud growth and AI monetization signal strong future revenue. Historical examples include rapid cloud growth at Amazon benefiting stock price.

How important is it?

The increase in cloud revenue and strategic contracts signal potential impacts on overall company growth, relevant to stock movement.

Why Long Term?

The sustained growth in cloud services and backlog indicates ongoing revenue potential. Comparatively, Microsoft and Amazon benefited similarly from early cloud growth.

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