Key facts: GOOG $8.814B cloud income; Anthropic $111B backlog; stake $16
Vortex Media1 min read
- GOOG reported $8.814 billion in operating income from its Cloud business in Q2, up from $2.826 billion in the same quarter a year earlier. This shows strong growth in its cloud business over the year. GuruFocus
- Anthropic committed about $111 billion to Google Cloud. This amount makes up roughly 22% of Alphabet Class C (GOOG)'s reported cloud backlog, meaning a large share of the expected future cloud business depends on this one customer. Reuters
- Scotiabank said that if Anthropic goes public through an IPO, Alphabet Class C (GOOG) could turn its private investment in Anthropic into an asset that can be traded. Scotiabank valued that investment at about $16 per GOOG share, or around 5% of GOOG's total equity value. Reuters
- GOOG was among the institutional investors supporting Jio Platforms' $3.2 billion IPO. The offering was fully subscribed in less than two hours, and institutional investors placed bids for about 2.8 times the shares available to them. GOOG acquired a stake of about 7.7% in Jio Platforms in 2020. Reuters
- Waymo, a company owned by Alphabet Class C (GOOG), plans to launch a fully self-driving ride-hailing service in Madrid in 2027. Its Jaguar I-PACE electric vehicles will begin road tests with safety drivers under Spain's DGT rules. 2 sources
- GOOG plans to build about 1 gigawatt of data center capacity across three sites in Vizag. The sites will use air-cooled systems, on-site wastewater treatment that releases no wastewater outside the system, wastewater reuse, and dedicated industrial water connections. Businessworld
- A GOOG service outage disrupted several customers, including Halifax, Lloyds, Revolut, Royal Mail, Rightmove, and DPD. Revolut said that customer funds and data were not affected. ShareCast
- Traders say upcoming earnings reports need to show growth in cloud and data center revenue, along with steady or rising spending on AI infrastructure, to support the view that Alphabet Class C (GOOG) will keep investing in AI infrastructure. Benzinga
- GOOG had a technical outage linked to its London data center. Google confirmed the problem, said it was working to fix it, and said it was investigating the incident to understand how much was affected and what caused it. dpa-AFX
- Waymo, owned by GOOG's parent company, operates its fleet in more than 15 U.S. cities. It completes more than 500,000 paid rides each week, has completed over 20 million paid rides in total, and reports having collected 400 million kilometers or more of self-driving data. Reuters
This summary was created by AI and may contain mistakes. Please check the original sources to confirm any important information.