In fact it's even worse than that. A lot of Google's employees are dedicated to maintaining tools and infrastructure that Google built up over decades and hundreds of thousands of engineer-years because "the cloud" didn't exist when Google started. These other companies get all that "for free" (or rather, for nominal pay-as-you-go fees -- but certainly without the massive engineering investment that Google put in over the years) by building on AWS, GCP, or Azure. Without public clouds and the vast growth in open-source cloud infrastructure tooling, those other companies likely wouldn't be viable businesses.
Not contradicting your point really, just a note
Extremely cool individual who I miss. Maybe I should say hi to him.