This year, Google Cloud CEO Thomas Kurian said the company been investing heavily in AI and partner enablement this year, particularly in generative AI both on the consumer and business enterprise fronts. Google Cloud generated total sales of $7.45 billion in Q1 2023, representing an increase of 28 percent year over year. However, Google is growing its cloud sales at a faster rate compared to its two larger competitors. As of first quarter 2023, Google Cloud’s worldwide cloud services market share stands at 10 percent share, trailing Microsoft at 23 percent share, and AWS at 32 percent share, according to data from IT research firm Synergy Research Group. Mountain View, Calif.-based Google currently ranks No. In 2023, Google Cloud witnessed a 12,000-employee layoff round by parent company Alphabet as Google also began mandating that workers come into the office. The nearly $30 billion cloud computing company made waves this year by allowing customers to migrate their workloads to the cloud with no up-front commitments while still getting access to Google Cloud financial incentives such as cloud credits. From turning a profit for the first time in the company’s history to building a new generative AI portfolio, Google Cloud has made headlines throughout 2023 so far.
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