Google Cloud has been inching toward profitability even as growth slowed in the global cloud market over the last year.
For the final three months of 2022, Google Cloud suffered losses of $480 million, which nearly cut by half the $890 million in operating income losses Alphabet reported for its cloud division in the final three months of 2021.
Alphabet has leaned on search and other Google services to offset losses in its cloud division. The company added Bard to its search engine in February and introduced developer tools powered by the generative AI technology on Friday.
