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Google justifies its massive AI spending with a booming cloud business

Google's cloud business experiences an impressive 82% revenue increase, totaling $24.8 billion this quarter. The surge in AI adoption has led to a massive backlog of $514 billion in contracts, reassuring investors as profits reach $112.1 bi...

TechCrunch· Jul 22, 2026 · 11:40 PM · 48 views

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Google's cloud business experiences an impressive 82% revenue increase, totaling $24.8 billion this quarter. The surge in AI adoption has led to a massive backlog of $514 billion in contracts, reassuring investors as profits reach $112.1 billion this year.

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