PepsiCo announced on Wednesday that it has forged a multi-year strategic collaboration with Google Cloud aimed at strengthening the company’s digital capabilities and rolling out artificial intelligence across its operations. The partnership was disclosed publicly at the Cloud Next '26 conference in Las Vegas.
The stock market reaction was modest: PepsiCo shares rose nearly 1% on Wednesday following the announcement.
At the heart of the collaboration is PepsiCo's planned adoption of Google Cloud's Gemini Enterprise Agent Platform. The company said it will move portions of its technology infrastructure onto Google Cloud as part of a broader multi-cloud strategy, enabling AI-driven decision-making across its global operations.
PepsiCo described three principal areas of focus for the work with Google Cloud:
- Expanding data and analytics capabilities by building an AI-driven digital platform;
- Optimizing supply chain and go-to-market operations through the application of Gemini's AI features;
- Integrating AI-enabled workflows designed to reduce manual tasks for employees.
The company quoted Athina Kanioura, PepsiCo's CEO of Latin America Foods and chief strategy and transformation officer, on the rationale for the initiative. "As market dynamics and customer expectations evolve, PepsiCo is re-examining how we bring products to market and how we make decisions at scale," Kanioura said. "Google Cloud’s deep expertise in AI and engineering strengthens our best-in-class supply chain and go-to-market capabilities."
Thomas Kurian, CEO of Google Cloud, commented that the partnership will equip PepsiCo employees with AI tools to help "build a more resilient supply chain."
The announcement also included company context: PepsiCo reported nearly $92 billion in net revenue in 2024 and operates in more than 200 countries and territories. Its brand portfolio cited in the release includes Lay's, Doritos, Gatorade, Pepsi-Cola and Mountain Dew.
In addition to the corporate and operational details, the original release contained investment-related material referencing GOOGL and a ProPicks AI product that evaluates stocks using multiple financial metrics. That material speaks to investment evaluation services and past identified winners, and references potential investor queries about GOOGL exposure.
Summary: PepsiCo and Google Cloud will implement Google Cloud’s Gemini Enterprise Agent Platform and move parts of PepsiCo’s infrastructure to Google Cloud as part of a multi-cloud approach, focusing on AI-driven analytics, supply-chain and go-to-market optimisation, and workflow automation.