Rumor is that GCP was happily selling compute to competitors. After all, under the hood, Google is closer to a federation than a corporation. The state of GCP doesn't care about the state of Gemini.
> Rumor is
It’s not a rumor - there are many public announcements about $B deals around compute for other Ai companies
Seems like diversification for the sake to not only maximise profit, but also minimise risk( of their models not keeping competitive).