RT team
India is emerging as a leading hub for artificial intelligence (AI) innovation and startups, as well as a crucial global market for Google Cloud, according to the company’s President and Global Sales Leader, Matt Renner. Recognizing India’s vast potential and dynamic market, Google Cloud has selected India as one of the few global recipients of startup investments this fiscal year.
Renner expressed enthusiasm about the growth in AI-driven startups across various sectors, including healthcare and financial services, within the country. “India is an incredible place for innovation in AI. We’re seeing our customers drive significant advancements in AI, and with Google Cloud’s extensive expertise and resources, we are excited to partner with them on this journey,” he stated.
Highlighting the rapid pace at which India is developing, Renner noted, “India’s understanding of technology, particularly AI, is on par with or surpasses most other regions globally.” This positions India at the forefront of AI innovation, supported by Google’s robust cloud infrastructure.
Google Cloud, which trails behind Amazon and Microsoft in the cloud market, has shown substantial growth in revenue and profits. Notably, the division turned profitable in early 2023 and reported a significant increase in operating income to $900 million in the first quarter of 2024, a more than fourfold rise from the year before.
