AI is lighting up every corner of the business, "Pichai said during Google's earnings call. Google delivers impressive performance report in the first quarter of 2021: 1) Driven by AI, all business lines under the company have accelerated comprehensively, with revenue and profits significantly exceeding the same period last year, and the growth rate of cloud business reaching as high as 63%. 2) In the first quarter, Alphabet's total revenue increased by 22% year-on-year to $109.9 billion (analysts expect $107.1 billion), achieving double-digit growth for the 11th consecutive quarter. 3) Net profit increased by 81% year-on-year to $62.6 billion, with diluted earnings per share reaching $5.11. The operating profit increased by 30% year-on-year to 39.7 billion US dollars, and the operating profit margin expanded by approximately 2 percentage points to 36.1%. 4) Search query volume has reached a historic high, with search revenue increasing by 19%; Gemini's application driven consumer AI program achieved its strongest quarterly performance in history, with the company's total paid subscriptions reaching 350 million; The backlog of Google Cloud orders has nearly doubled month on month to over 460 billion US dollars, while the Gemini Enterprise Edition has seen a 40% increase in monthly active users. 5) Especially for the crucial Google Cloud, its first quarter revenue was $20 billion, a year-on-year increase of 63%, with a significant increase in growth rate compared to the same period last year. The backlog of cloud business orders has nearly doubled month on month to over 460 billion US dollars, providing strong visibility support for future revenue recognition. The company attributes this to the joint drive of enterprise AI solutions, enterprise AI infrastructure, and core GCP service demand. Google's financial report shows that investing in AI can not only make money, but also quickly make money. This article is sponsored by @ bitget_zh, titled 'Bitget Buying US Stocks: Instant Entry, Smooth Trading'