Alphabet Inc Selects Rezolve AI for Blockchain Data Infrastructure
On August 25, Alphabet Inc (NASDAQ: GOOGL) selected Rezolve AI PLC (NASDAQ: RZLV) to provide indexing and data pipelines for Google Cloud Web3's blockchain datasets. This partnership led to a nearly 22% surge in Rezolve’s share price on the day of announcement. The deal involves processing approximately 100 terabytes of historical data across major blockchain networks, with each block undergoing six cryptographic checks before being made available via Google Cloud. The integration is seen as significant technical validation for Rezolve AI and aligns with growing global spending in AI infrastructure—projected to rise from $109 billion in 2025 to nearly $295 billion by 2030. Rezolve’s stock saw a sharp increase in trading volume, exceeding 90 million shares compared to an average of 8.4 million, driven largely by retail investors and short covering as borrowing costs surged past 74%. The company is set to release its first-half earnings report on September 1, which will be crucial for assessing the sustainability of revenue from hyperscale partnerships.
