In today’s Cloud Wars Minute, I break down how hyperscalers reached a staggering $2 trillion backlog and what it means for the future of AI infrastructure.

Highlights

00:03 — The hyperscaler market (the four big companies that are helping to shape the world with the power of AI), their backlog has now hit $2 trillion. So not just their recent revenue, talking about future commitments, contracted business not yet recognized as revenue: $2 trillion. Talk about some responsibility.

01:21 — So you see Microsoft’s backlog almost doubled: $627 billion. Oracle’s up a whopping 325% to $553 billion. We’ve got Google Cloud with a huge jump, 93%, $462 billion, and AWS, very nice number, but relative to the others it is not quite up to snuff at 49%, $364 billion.

02:25 — So I think AWS is doing a good job; it’s just its competitors are doing a better job — higher growth. All in all, this rolls up to more proof: this is the cloud AI market, the greatest growth market the world has ever known.

02:52 — Google Cloud, on its revenue side, 63% growth, and then by far its fastest growth backlog number here, 93%. This is a red-hot company, not just for the last few months — this backlog shows a huge number coming forward.

03:39 — This is a fantastic time to be a customer in this business because you’ve got unbelievable demand. The competition from these companies is showing they’ve got to continue to innovate as rapidly as possible and give their customers more choice.

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