Google believes its Artificial Intelligence key to growth

California: Internet giant Google has asserted that its Artificial Intelligence(AI) and cloud computing is the most lucrative and promising businesses in the tech industry.

That AI type of service-based business is fast becoming the new way to reap profits in the tech industry, the California-based tech giant said.

"We've always been doing cloud, it's just that we've been consuming it all internally at Google. But as we have grown, really matured in how we handle our data center investments and how we can do this at scale, we have definitely crossed over to the other side to where we can thoughtfully serve external customers," Google CEO Sundar Pichai said.

"We have been investing in machine learning and AI for years, but I think we're at an exceptionally interesting tipping point where these technologies are really taking off. That is very, very applicable to businesses as well. So thoughtfully doing that externally we view as a big differentiator we have over others," Pichai added.

Artificial intelligence (AI) is the intelligence exhibited by machines or software. It is also the name of the academic field of study which studies how to create computers and computer software that are capable of intelligent behaviour. Major AI researchers and textbooks define this field as the study and design of intelligent agents, in which an intelligent agent is a system that perceives its environment and takes actions that maximize its chances of success.