Cloud computing reflects effective delivery of computing services such as software, storage purposes, analytics, intelligence and many others. Besides that, it also offers faster innovation and at the same time flexible resources. In an organisation, a cloud computing system provides tight security of data with a low maintenance cost. A huge collaboration has been seen between various industries through cloud systems. Those all processes have been boosted up by the implementation of AI. Incorporation of AI by those industries hugely influences the efficiency rate of cloud computing techniques and due to this reason, the combined effect of those two technologies brings up huge profitability to those organisations. Implementation of machine learning models, as well as cognitive computing, increases the performance of cloud systems. In addition to this, a lot of benefits have been seen when organisations incorporate AI in cloud computing techniques. This paper contains a detailed introduction part along with a well informative literature review. A research methodology also has been provided where three research questions are mentioned. The data analysis part comprises a multi regression analysis where the independent variables are years and percentage of usage of AI in various organisations. The dependent variable is profitability. A critical discussion part also has been presented and a conclusion has also been provided with a few recommendations.