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Google's cloud revenue surged 82% to $24.8 billion, driven by enterprise AI adoption, justifying its massive AI spending. CEO Sundar Pichai highlighted strong momentum and long-term deals, with Gemini reaching 950 million monthly active users.
Meta is developing plans to sell excess AI compute and models via a new cloud business called Meta Compute, similar to SpaceX/xAI, aiming to monetize its massive AI infrastructure investments.