New Delhi, June 13 (IANS) India is an excellent hub for innovation in artificial intelligence (AI), startups and also a key global market for Google Cloud, the company’s top executive has said.
According to Matt Renner, President and Global Sales Leader of Google Cloud, due to India’s tremendous upside and potential, the country has been picked as one of the few markets globally to receive startup investments during this fiscal year.
He also remarked that Google Cloud is witnessing a good increase in various AI startups such as healthcare, financial services, and others.
“India is an incredible place for innovation in AI. We are seeing customers push the envelope in AI innovation. We are well positioned with our AI expertise, tools and history, to help partner with them as we move forward,” Renner said.
Additionally, the executive noted that the country is growing at a very quick pace, saying that he “would put it on par or above most other regions globally because they understand technology, AI.”
Google is a major player in the cloud market, following Amazon and Microsoft. The company’s cloud division has been consistently growing in revenue and profit.
In early 2023, Google Cloud became profitable, and in the first quarter of 2024, its operating income rose to $900 million, marking a more than fourfold increase from the previous year.
–IANS
shs/kvd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
