According to Google's parent company Alphabet, Google Cloud obtained $4.047 billion in sales in the first quarter of 2021.

This means the profit is up by 46% compared to $2.78 billion from last year.

The cloud business also reported a loss of $974 million compared to the loss of $1.73 billion of 2020. 

Google recently began disclosing Google Cloud's operating losses, giving a better picture of how much Google's ad business continues to subsidize its cloud expansion. 

Alphabet has reported a net income of $17.93 billion and diluted earnings per share of $26.29, with total revenues coming to $55.3 billion, up by 34%.

Wall Street was looking for earnings of $15.88 per share with $51.68 billion in revenue. 

Google Services revenues attributed most of the first-quarter sales, with $51.18 billion in revenue, and ad revenues totaled $44.68 billion. 

Google Search and other ad revenue (excluding YouTube) increased year-over-year to $31.88 billion in the first quarter.

Revenue for YouTube ads rose from $4.04 billion in Q1 2020 to $6 billion in Q1 2021.

 

TVS Automobile Solutions , an independent automotive aftermarket player, today announced that it has picked Google Cloud as its technology partner to build its digital transformation strategy. Through this deal, TVS ASL will advance its goal of creating a ‘Digital Ecosystem’ that will empower thousands of small entrepreneurs across automotive retailers and garages.

TVS ASL has migrated its on-premise data center infrastructure and existing public cloud deployments onto Google Cloud to develop the ‘platform of platforms’ tailored to the needs of the automotive industry. This new innovative initiative will bring vehicle owners, retailers, garages and insurance companies from a fragmented market place into one seamless digital technology architecture to provide service, parts, roadside assistance and insurance.

G. Srinivasa Raghavan, Managing Director, TVS Automobile Solutions said, “The range of solutions include Connected Vehicle (passenger cars, two wheelers and commercial vehicles), Diagnostics & Predictive Service Management on Cloud, Mobility solutions for all stakeholders to address their requirements and real time integration with all stakeholders for fulfilment. The innovative initiative will be seen as an accelerator in Digitizing the Global aftermarket landscape.”

He further added, “We selected Google Cloud for its superior tech stack across Cloud, Artificial Intelligence and Machine Learning, Big Data, Marketing & Marketplace solutions that will enable us to scale globally with shorter time to market.”

Karan Bajwa, Managing Director, Google Cloud India said, “They are unlocking the potential of their business data at scale using machine learning to automate and optimise their supply chain, and leveraging managed services so they can focus their engineering effort on IT-led business initiatives that will pave the path for a strong digital future.”

The Indian Independent Automotive Aftermarket is estimated around $10 billion and growing at a CAGR of 7-10% over the past five years. The market is highly fragmented with over 40,000 retailers, 100,000 garages and thousands of small distributors across the country. In the last five years, TVS ASL has established a strong leadership by empowering over 2 million customers, 20,000 retailers, 10,000 garages along with fleet management for over 70,000 vehicles. By bringing these stakeholders into a seamless supply chain and technology platform, TVS ASL helps them by delivering service or parts within 24 hours across the country.

source:economictimes

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To quote Google CEO Sundar Pichai: AI is “more profound than fire or electricity.”

To back up this claim with incontrovertible evidence: here’s an AI tool made by Google researchers that turns doodles into weird monsters. What could be more profound?

It’s certainly fun, anyway. The tool is called Chimera Painter and uses machine learning to generate imagery based on users’ rough sketches. This sort of dynamic is becoming a relatively common one in machine learning. Nvidia has done it with landscapes before; MIT and IBM did it with buildings, and now Google is ... doing it with monsters.

The team behind Chimera Painter explained their methods and motivations in a blog post, saying the idea was to create a “paintbrush that acted less like a tool and more like an assistant.” Chimera Painter is just a prototype, but if software like this becomes common it could “reduce the amount of time necessary to create high-quality art,” claim the team.
The researchers gave themselves the challenge of creating artwork for a fictional fantasy card game, in which players combine features from different monsters and battle them like mutating Pokémon. They trained a machine learning model on a database of more than 10,000 sample monsters, which were themselves in part procedurally generated using 3D models rendered in Unreal Engine. Each image is paired with a “segmentation map” — an overlay that divides the monsters into anatomical parts like claws, snouts, legs, and so on.

Once the model has been trained on this data, users can then paint their own segmentation map which is then rendered using photorealistic textures. If you load up Chimera Painter you can see some of the preset monsters and they’re impressively cohesive. However, painting one yourself takes more time and effort than you might think. Our attempt below, for example, looks like a knock-off Gruffalo depicted using mud. It’s monstrous, but not necessarily a monster.

Source: theverge

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Microsoft has made a huge profit in the first three months of 2021, as the demand for its cloud computing services has been soaring through the roof. 

 

The company reported a profit of $14.8 billion within the fiscal third quarter which is up by 38% compared to the same period last year. 

With the ongoing pandemic, we are witnessing more and more adoption of digital work and study life, in the last year. 

Revenue from Microsoft's productivity segment, which includes its Office suite of workplace products such as email, grew by 15% over the same time last year, to $13.6 billion. 

Whereas the cloud computing business segment of Microsoft grew 23% to $15.1 billion. 

The first quarter of 2021 has been extremely beneficial financially for the sale of PCs in part due to unfulfilled demand because of a components backlog.

Also due to an unusually weak first quarter of 2020, the industry has achieved a major rise in business.

All the bottled-up demand for consoles during the Christmas season also resulted in a 34% rise in sales of Xbox content and services early this year. 

The big businesses, government bodies, and the rest of the workforce committing to their jobs online have boosted the growth of cloud services procurement.

Microsoft is buying Massachusetts speech recognition company  Nuance for $ 16 billion, which will take the company deeper into health care industry, with Nuance's medical dictation and transcription tools.