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Google Cloud revenue jumps 35% with AI focus
Alphabet’s Google Cloud reported a 35% revenue increase in the July-September quarter.
This surpassed analysts’ expectations of a 29% rise.
Google Cloud, smaller compared to its rivals, accounted for 13% of Alphabet’s total sales in the third quarter.
This is up from 11% a year earlier.
Despite prior slow growth, Google Cloud’s recent success is linked to a focus on AI technology.
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