Google says more than half of its generative AI startups are using the company's cloud services

More than half of venture-backed startups in the field of generative artificial intelligence are paying Google's cloud computing platform, Alphabet, Google's parent company, said.

Here's What We Know

Of the startups worth more than $1bn, 70% are Google Cloud customers, with around a third of them led by former employees of the tech giant. These include Anthropic, Character.ai and Cohere.

According to Google Cloud's general manager of startups and artificial intelligence, James Lee, the company is increasingly being approached by generative AI developers. Customers can use models from both the corporation itself and other developers, he added.

"We’re seeing strong momentum in our business, and we see Google Cloud as the preferred choice for startups building generative AI" " he said.

Earlier, Alphabet CEO Sundar Pichai said he estimates that former employees have created more than 2,000 startups. Some of them became customers or eventually returned to Google.

Source: Bloomberg