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<p>The CEO of Google revealed at the AI summit in India that Google Cloud's backlog of orders has doubled to $240 billion, demonstrating the rationale for high capital expenditures. The CEO of DeepMind predicts that achieving general artificial intelligence will still take at least 5-10 years. Google executives unanimously believe that AI will fundamentally change the workflows of small and medium-sized enterprises and scientific research, with India transforming from a mere market into a "full-stack builder" in the AI field</p>

- Google's executive team convened in India to address concerns over their substantial capital expenditures while unveiling key business data.  
- CEO Sundar Pichai emphasized that the current AI revolution is akin to an industrial revolution, highlighting significant growth in their cloud business, which saw a backlog increase to $240 billion.  
- The executives discussed the substantial implications of AI on employment and economic structures, advocating for task-oriented approaches and positioning India as a full-stack player in AI development.

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Google executives respond to AI bubble concerns: This is an industrial revolution, but 10 times faster and 10 times larger

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