32.9 C
New York

Sundar Pichai shares Google’s AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’


Google CEO Sundar Pichai said that in the fourth quarter of 2023 Google Cloud was at a $36 billion annual revenue run rate. This marks a significant rise- almost five times more than it was five years ago. At the Google Cloud Next event, Sundar Pichai said that Google Cloud is showing progress owing to deep investments that the company has made in Artificial Intelligence (AI). The comments come as Google has made a massive AI push across its products and services as it competes with Microsoft and Amazon.

Google and Alphabet Inc. CEO Sundar Pichai talked about the way in which big companies are using AI in Google Cloud.(AFP)
Google and Alphabet Inc. CEO Sundar Pichai talked about the way in which big companies are using AI in Google Cloud.(AFP)

He said, “We’ve known for a while that AI will be the next technology to transform companies. Our investments in AI infrastructure and models help put us at the forefront of the AI platform shift.”

Unlock exclusive access to the story of India’s general elections, only on the HT App. Download Now!

Read more: Unicorns list: US has 703, China 340. India is 3rd globally with these many

Google’s competition with Amazon and Microsoft

In the fourth quarter of 2023, Amazon led cloud infrastructure market with 31% market share while Microsoft had 24% share. Google stood at only 11% market share which has propelled the company to bet on AI in order to improve its position. Sundar Pichai shared that Vertex AI, Google Cloud’s platform, is being used by 1 million developers.

Read more: Paytm’s UPI market share drops to 9%, reaches lowest in four years. Is PhonePe gaining?

Highlighting on how big companies are using AI in Google Cloud, he said, “Many customers are using generative AI to build agents that can process information in video, audio or text formats. These agents can help with specific tasks — like customer service or creative design, while learning and improving over time,” he said.

Read more: Ola Cabs’ international exit: Company to focus on India, leave these markets

What Sundar Pichai said on Google’s partners?

Sundar Pichai also talked about Uber, Mercedes-Benz and Palo Alto Networks- companies that are partnering with Google Cloud. He said, “Just as cloud computing changed how businesses worked a decade ago, AI is going to drive incredible opportunity and progress all over again.”

Discover the complete story of India’s general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs


    Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.

Related articles

Recent articles