Google Cloud 营收同比增长 103% 至 $30.7B，AI 基础设施投入拖累自由现金流

AI 导读

Google Cloud 营收同比增长 103% 至 $30.7B，经营利润同比增长至三倍、达到 $11.1B，主要受 AI 基础设施需求推动。Google 的模型 API 每分钟处理近 32B tokens，Gemini app 用户达到 1B；TPU 芯片销售为增长提供贡献，但 Google 预计大部分 TPU 收入将在 2027 年体现。

正文 · 原文

> Google Cloud revenue rose 103% year on year to $30.7B on demand for AI infrastructure, and Cloud’s operating income tripled year on year to $11.1B.

> Google’s model APIs now process nearly 32B tokens per minute, more than 4x a year earlier, and the Gemini app reached 1B users.

> TPU chip sales contributed meaningfully to Cloud growth, with Oracle now offering TPUs and OpenAI reportedly buying them, though Google expects most TPU revenue only in 2027.

> AI data center spending left free cash flow negative by more than $9B, deeper than the previous quarter’s $5.9B deficit, while shared AI research costs rose 71% year on year to $7.7B.