Google is making a $2.6 billion bet on the cloud

New York (CNN Business)Google and its parent company Alphabet (GOOGL) are making a multi-billion bet on the cloud. At the moment, Amazon (AMZN) and Microsoft (MSFT) are generally seen as the two leaders in the market, with the success of Amazon Web Services (AWS) and Azure, respectively. AWS brought in more than $25 billion in revenue in 2018. Alphabet does not break out cloud revenue. Looker was founded in 2012 with the goal of building a platform “that easily integrates all of a business’s data and then allows it to be melded to specific work processes in a way where users can do more with it and solve higher-value problems,” according to a blog post from the company’s CEO. The …