In today's Cloud Wars Minute, I show why Google Cloud is setting the pace in the AI economy despite Microsoft's and AWS's larger scale.
Highlights
00:03 — Well, we thought we had seen some big numbers in the Cloud Wars over the last few quarters, but Google Cloud for Q2 absolutely blew the numbers away. Astonishing: revenue up 82% to almost $25 billion, and its backlog up 390% to $514 billion.
01:39 — From Q1 to Q2, Google Cloud's revenue jumped $4.8 billion. That's far larger, not only than what Google Cloud has done quarter to quarter, but Microsoft and AWS. I believe, looking pretty closely over a long period of time, for any of those companies to have a $3 billion increase quarter to quarter has been remarkable.
02:16 — I've got an article offering some highlights from this, and also side-by-side-by-side comparisons of the growth that Google Cloud, Microsoft Cloud, and AWS have each posted over the past five quarters. What makes Google Cloud stand out is the arc of its acceleration. It is much, much steeper, much higher.
03:18 — Q4, Google Cloud really broke away from the pack: 48% growth in Q4, 63% growth in Q1, and here now for Q2, 82%. Just absolutely remarkable, and I think we see that among the hyperscalers, and perhaps others as well, Google Cloud is clearly the AI leader.
04:32 — While Microsoft Cloud and AWS have bigger revenue numbers, Google Cloud is the one setting the pace, winning more customers, winning new business, and setting the pace with technology, go-to-market innovation, and the confidence, in large part delivered by the remarkable security business it's built, that it can handle everything that customers need as they move into the AI economy.
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