AI arms race costs billions, but the cloud strategy is already paying off!
Google is massively investing in AI technology, but the cloud business is already reaping the benefits of this strategy with 32% growth!
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I see a classic investment phase at Google, which certainly has its justification. The company is increasing its capital expenditures for 2025 by $10 billion to $85 billion – these are enormous sums for the AI offensive against OpenAI and Microsoft. However, the numbers already show initial successes: the cloud business grew by an impressive 32% in the second quarter and significantly exceeded expectations. The integration of Gemini AI into Gmail, Google Docs, and the search engine may be costly, but Google is cleverly leveraging its market position....
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