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Sundar Pichai says Google Cloud revenue grew 103% in Q3 on demand for AI infrastructure
What changed
Alphabet CEO Sundar Pichai said on X on 28 October 2026 that Google Cloud revenue grew 103% in the third quarter, "powered by extraordinary demand for our AI infrastructure and AI solutions". He said Alphabet is now on a half-trillion dollar annual revenue run rate with revenues growing 25%, and that Google's first-party model APIs now process nearly 32 billion tokens a minute, up 40% on the previous quarter (CEO statement on X). For buyers of cooling and power equipment, a cloud business doubling on AI demand supports continued hyperscale build-out.
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