It seems like for now they are making an effort to keep them separate.
Maybe they grew up in an environment where the phrase "elephant in the room" meant a situation where people enter a room, notice an elephant there, and immediately scream "Jesus Christ there's a goddamn elephant!"
Eh, it really isn't the only goose in goog town. Cloud is at ~20% of their total revenue, and probably is going up w/ their hardware success and other licensing deals. I'm curious to see what goog can do with their properties if this trend continues. Less reliance on ads could be interesting. (many former googlers have said that pressure from the ad business was felt across all their products)