December 6, 2023

Google Cloud is benefiting drastically from the generative AI startup race, with the corporate saying half of startups use its platform.

Google Cloud is without doubt one of the lead cloud suppliers, however that doesn’t preserve the corporate from experiencing the identical turnover as each different Massive Tech agency as staff enterprise out on their very own to start out their very own firms. With generative AI being the most popular recreation on the town, lots of the Googlers leaving are doing so to start out AI firms.

Regardless of dropping expertise, it’s not all unhealthy information for Google, with lots of the ensuing startups utilizing Google Cloud. The truth is, based on Bloomberg, greater than half of venture-backed generative AI startups finally find yourself utilizing Google Cloud, and that determine goes as much as 70% for startups value greater than $1 billion.

“We’re seeing sturdy momentum in our enterprise, and we see Google Cloud as the popular alternative for startups constructing generative AI,” James Lee, Google Cloud’s normal supervisor for startups and AI, mentioned in an interview.

A major think about Google’s success is the corporate’s personal historical past within the AI discipline, which helps the corporate relate to startups and places it ready to fulfill their wants.

Though Google Cloud is at the moment the third-largest cloud supplier, if it continues to profit from the AI discipline, it might assist the corporate make strikes within the business.