Microsoft, Google post double-digit profit rises, boosting case for AI
10 months, 3 weeks ago

Microsoft, Google post double-digit profit rises, boosting case for AI

Al Jazeera  

Google and Microsoft have reported double-digit profit increases, buttressing the case for the tech giants’ heavy investment in artificial intelligence. The quarterly results announced on Thursday by Google parent Alphabet and Microsoft came in ahead of expectations, sending their shares 11 percent and 4 percent higher, respectively, in after-market trades. Google chief Sundar Pichai said AI text-to-image model Gemini had helped drive the company’s solid earnings. In January, the US Federal Trade Commission launched an inquiry into whether multibillion-dollar partnerships between Microsoft, Amazon and Google and the start-ups OpenAI and Anthropic harmed competition.

Google Microsoft Ai  quarterly  microsoft  boosting  doubledigit  rises  ai  reported  tech  google  investment  pichai  profit  percentthe  case  post

History of this topic

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
3 weeks, 4 days ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
3 weeks, 4 days ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Trending News
1 month, 2 weeks ago

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China

Firstpost  

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s market values dropped by $200 billion as their cloud divisions reported weaker growth Microsoft CEO Satya Nadella reaffirmed his commitment to spending $80 billion to expand Azure, emphasising the importance of capitalising on its early …

Tech giants double down on their massive AI spending
1 month, 2 weeks ago

Tech giants double down on their massive AI spending

Live Mint  

Tech giants projected tens of billions of dollars in increased investment this year and sent a stark message about their plans for AI: We’re just getting started. “We think virtually every application that we know of today is going to be reinvented with AI inside of it," Amazon Chief Executive Andy Jassy said on Thursday’s earnings call. Here is a …

Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?
1 month, 2 weeks ago

Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The parent company of Google, …

Google shares slide on spending plans despite sales jump
1 month, 2 weeks ago

Google shares slide on spending plans despite sales jump

Raw Story  

by Alex PIGMAN Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence. "We are pushing the next frontiers from AI agents, reasoning and deep research to state-of-the-art video, quantum computing and more," Alphabet chief executive Sundar Pichai said during an earnings …

Google’s ad sales rose at robust rate in holiday season, but AI-driven numbers let down investors
1 month, 2 weeks ago

Google’s ad sales rose at robust rate in holiday season, but AI-driven numbers let down investors

Associated Press  

SAN FRANCISCO — Google’s digital ad sales continued to grow at a healthy clip during the holiday season, but that wasn’t enough to offset investors’ worries about whether its big bet on artificial intelligence will yield as big a jackpot as once envisioned. The October-December results released Tuesday by Google parent Alphabet Inc. showed the company is continuing to reap …

Microsoft shares drop 5%, Meta up 2% after Q1 results, both companies post profit
1 month, 3 weeks ago

Microsoft shares drop 5%, Meta up 2% after Q1 results, both companies post profit

Live Mint  

Q1 results: Tech giant Microsoft's shares dropped 5 per cent, while fellow Silicon Valley stock Meta was up 2 per cent after their October-December Q1 results, according to AP reports. Microsoft Shares Down 3% Microsoft shares dropped 5 per cent in after-hours trading Wednesday but were still higher than Monday, when the tech giant was hit by a broader tech …

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off
1 month, 3 weeks ago

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

Associated Press  

Microsoft said Wednesday that its profit for the October-December quarter grew 10% as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology. But while its overall profits and revenue beat Wall Street expectations, it slightly missed projections for its closely-watched cloud computing business, a centerpiece of its AI efforts. Sales …

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?
2 months ago

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?

Salon  

OpenAI, as you likely know, is one of tech’s biggest unicorns. We need your help to stay independent Subscribe today to support Salon's progressive journalism In a 6,000-word Q&A with Altman, Bloomberg inquired how the company prices "technology that’s never existed before." "What if equity value has nothing to do with current or future profits, and instead is derived from …

Microsoft to invest over $80 billion on specialised AI data centres in fiscal year 2025
2 months, 2 weeks ago

Microsoft to invest over $80 billion on specialised AI data centres in fiscal year 2025

Firstpost  

While Microsoft’s announced $80 billion investment in data centres all over the world, more than half of that amount will be directed towards data centres in the United States as the US continues to be a frontrunner in the global AI race, thanks to private capital investment Microsoft’s role as OpenAI’s primary backer has positioned it as a major player …

Salesforce Posts Strong Revenue With Promise of AI Boost
3 months, 2 weeks ago

Salesforce Posts Strong Revenue With Promise of AI Boost

Live Mint  

-- Salesforce Inc. reported quarterly revenue that topped analysts’ estimates, boosting investor hopes that the company’s much-hyped strategy for artificial intelligence products will lift financial results. Adjusted operating margin, a measure of profitability, was 33.1%, compared with an average estimate of 32.2% Salesforce, the top seller of customer relations management software, pivoted its AI strategy this year to focus on …

Microsoft reports Q1 results with revenue up 16%
4 months, 3 weeks ago

Microsoft reports Q1 results with revenue up 16%

China Daily  

A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, Jan 25, 2021. SAN FRANCISCO -- Microsoft on Wednesday posted a revenue of $65.6 billion for the first quarter of its 2025 fiscal year ending Sept 30, 2024, up 16 percent from the same period of the previous year. Its operating …

Alphabet's Strong Performance Offers Clues for the Future of Google
4 months, 3 weeks ago

Alphabet's Strong Performance Offers Clues for the Future of Google

Live Mint  

Google's Q3 results show strong performance, with revenue and operating income exceeding Wall Street expectations. The company's cloud-computing operation, Google Cloud, saw significant growth, while its services segment generated a healthy profit despite some concerns about AI spending. Despite the challenges posed by antitrust cases, Alphabet is committed to delivering a robust bottom line and maintaining its status as a …

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%
4 months, 3 weeks ago

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%

Live Mint  

Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence. “In cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals,” Alphabet Chief Executive Officer Sundar Pichai said in the …

Google's AI-Fueled Profits Continue Despite Regulatory Threats
Trending News
4 months, 3 weeks ago

Google's AI-Fueled Profits Continue Despite Regulatory Threats

Associated Press  

Google's financial performance remains strong despite challenges from AI and regulatory scrutiny. The company's profits and revenue increased due to its moneymaking machine powered by its search engine, but this is primarily attributed to the AI investments. The company is facing legal challenges from the US Department of Justice and Virginia state authorities regarding its search engine and digital advertising …

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers
6 months, 3 weeks ago

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Microsoft’s cloud business powers 10% growth in quarterly profits
7 months, 3 weeks ago

Microsoft’s cloud business powers 10% growth in quarterly profits

Associated Press  

REDMOND, Wash. — Microsoft reported a 10% increase in quarterly profits Tuesday as it tries to maintain its position as a leader in artificial intelligence technology. Microsoft’s growth was led by its cloud computing business, where quarterly revenue rose 19% to $28.5 billion. The Redmond, Washington-based company doesn’t report revenue specifically from AI products but says it has infused the …

Google’s corporate parent still prospering amid shift injecting more AI technology in search
7 months, 3 weeks ago

Google’s corporate parent still prospering amid shift injecting more AI technology in search

Associated Press  

SAN FRANCISCO — Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet’s success. That division, Google’s fastest growing segment, …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
8 months, 2 weeks ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung expects its profits for …

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
9 months, 3 weeks ago

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Associated Press  

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data centers he called “AI factories” designed to produce “a new …

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024
10 months ago

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024

India TV News  

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024 Google's parent company, Alphabet, net profit dropped in 2022 due to various factors. According to a report on Tuesday, Google's parent company's net income increased by 615 percent over the past decade, which is 8 times more than Apple's and twice as much as …

What Sundar Pichai said on leadership and Google's ‘AI era’: ‘Secure, reliable, and efficient’
10 months, 3 weeks ago

What Sundar Pichai said on leadership and Google's ‘AI era’: ‘Secure, reliable, and efficient’

Hindustan Times  

Google has been doing it all in the “AI era” to way stay ahead of its competitors as artificial intelligence is now present almost everywhere, becoming an almost indispensable part of our lives. Google CEO Sundar Pichai said, "We have the best infrastructure for the AI era. Google CEO Sundar Pichai talked about leadership and AI's role in the company. …

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
10 months, 3 weeks ago

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia

Associated Press  

JAKARTA, Indonesia — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday. A study held by Kearney, a global consulting firm, said that AI could contribute nearly $1 trillion to Southeast …

Google stock surges as tech giant announces first cash dividend for investors
10 months, 3 weeks ago

Google stock surges as tech giant announces first cash dividend for investors

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The stock price of Alphabet surged about 16 per cent on Thursday after …

Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit
10 months, 3 weeks ago

Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thursday’s quarterly financial announcements from big tech firms were a mixed bag, with …

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
10 months, 3 weeks ago

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend

Associated Press  

Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago. …

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
10 months, 3 weeks ago

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products

Associated Press  

Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive. Quarterly revenue from Microsoft’s cloud computing business segment grew to $26.7 billion, up 21% from last year’s January-March quarter. Gartner analyst Jason Wong said many of Microsoft’s customers have …

Google parent reports another quarter of accelerating growth and its stock price soars
10 months, 3 weeks ago

Google parent reports another quarter of accelerating growth and its stock price soars

LA Times  

The logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Google’s corporate parent, Alphabet Inc., on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. As has been the case since the company went public 20 years ago, …

Google's AI chief set to invest USD 100 billion in AI development to stay ahead of rivals
11 months ago

Google's AI chief set to invest USD 100 billion in AI development to stay ahead of rivals

India TV News  

When we speak of artificial intelligence, everything is about a smart working ecosystem along with a lot of money. As per Google's AI boss, the company is set to invest more than USD 100 billion in AI development and further aim at maintaining its edge over competitors. However, the pursuit of Artificial General Intelligence – AI capable of human-like reasoning …

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan
11 months, 1 week ago

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan

Live Mint  

-- Microsoft Corp. will invest $2.9 billion over the next two years to boost its hyperscale cloud computing and artificial intelligence infrastructure in Japan, marking its biggest investment in the country. The announcement was made on Tuesday in Washington after Microsoft President Brad Smith met Japanese Prime Minister Fumio Kishida, who is in the US for the first official visit …

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’
11 months, 1 week ago

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’

Hindustan Times  

Google CEO Sundar Pichai said that in the fourth quarter of 2023 Google Cloud was at a $36 billion annual revenue run rate. At the Google Cloud Next event, Sundar Pichai said that Google Cloud is showing progress owing to deep investments that the company has made in Artificial Intelligence. Google and Alphabet Inc. CEO Sundar Pichai talked about the …

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024
1 year, 1 month ago

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024

Firstpost  

Google spent a substantial $2.1 billion on severance packages and associated costs while downsizing its workforce by over 12,000 employees throughout 2023, as per a report by The Verge. Key contributors to this growth were Google’s core digital advertising and cloud computing businesses, which demonstrated consistent expansion, attributed by CEO Sundar Pichai to investments in generative AI. Despite the layoffs, …

AI companies lose $190 billion in market cap after Alphabet and Microsoft report
1 year, 1 month ago

AI companies lose $190 billion in market cap after Alphabet and Microsoft report

The Hindu  

AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally in recent months that propelled their shares …

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
1 year, 1 month ago

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%

Live Mint  

Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year. "Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from global central banks," said Thomas Monteiro, an …

Microsoft profit soars 33% on AI, cloud-computing investments
1 year, 1 month ago

Microsoft profit soars 33% on AI, cloud-computing investments

Associated Press  

SAN FRANCISCO — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. Analysts polled by FactSet Research expected Microsoft to generate revenue of $61.14 billion, and currently project revenue of $60.97 billion for the January-March quarter. Microsoft’s cloud-focused business segment outgrew its other divisions, with revenue expanding …

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace
1 year, 1 month ago

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace

Associated Press  

SAN FRANCISCO — Google’s corporate parent returned to double-digit revenue growth during last year’s final quarter, signaling the internet powerhouse has regained its footing even as it grapples with regulatory and competitive threats to its digital empire. The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for the Mountain View, California, company, with …

Google invests $8 million to support Israeli AI firms, Palestinian startups
1 year, 1 month ago

Google invests $8 million to support Israeli AI firms, Palestinian startups

Hindustan Times  

Alphabet-owned Google on Wednesday said that it is investing over $8 million to help the business of Israeli tech firms and Palestinian businesses. Google cited the importance of these small companies to grow in the tech space, saying that $4 million will be invested in Israeli AI firms, while the rest $4 million will be used as funding for early-stage …

Google, Amazon continue to invest billions into AI that is supposedly ‘miles better’ than ChatGPT
1 year, 4 months ago

Google, Amazon continue to invest billions into AI that is supposedly ‘miles better’ than ChatGPT

Firstpost  

Google and Amazon are investing billions into an AI programme called Claude that is supposedly much better than OpenAI’s ChatGPT. Amazon had invested over $4 billion, whereas Google has invested over $2 billion, and plans to invest more A couple of days ago, Google announced its intention to invest a substantial sum of up to $2 billion in Anthropic, a …

Google paid $26 bln to be default search engine in 2021 - Bloomberg News
1 year, 4 months ago

Google paid $26 bln to be default search engine in 2021 - Bloomberg News

The Hindu  

Alphabet's Google paid $26.3 billion to other companies in 2021 to ensure its search engine was the default on web browsers and mobile phones, a top company executive testified during the Justice Department's antitrust trial, Bloomberg News reported on Friday. The amount of payments Google made for the default status has more than tripled since 2014, according to senior executive …

Sundar Pichai, CEO Of Alphabet, To Testify In Antitrust Trial On Monday
1 year, 4 months ago

Sundar Pichai, CEO Of Alphabet, To Testify In Antitrust Trial On Monday

ABP News  

Sundar Pichai, CEO of Alphabet and its subsidiary Google, is set to give testimony on Monday in an antitrust battle pertiaing to Google's search dominance and some segments of search advertising, news agency Reuters has reported. The Google's top executive, will participate in the trial, where he is expected to discuss the tech giant's efforts to maintain search competitiveness, particularly …

Google made $77 billion in July-September this year, but investors are unhappy. Here’s why
1 year, 4 months ago

Google made $77 billion in July-September this year, but investors are unhappy. Here’s why

Firstpost  

Google exceeded their revenue expectations from its search and ad businesses between July-September this year. However, their cloud services fell short, with an operating income of $266 million, against a projection of $434 million Google’s parent company Alphabet made a pretty sizeable $77 billion between the months of July-September this year. The company’s search advertising segment also performed well, bringing …

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms
1 year, 4 months ago

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms

The Hindu  

Google-parent Alphabet's cloud business crawled to its slowest in 10 quarters, sending the company's stock down 5.7% after hours, even as sales at rival Microsoft's cloud unit boomed. The drop in Google’s share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and shows the cloud …

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%
1 year, 4 months ago

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%

Live Mint  

Google-parent Alphabet's cloud business missed revenue estimates, leading the company's share price to fall over 5% after hours. Google Cloud third-quarter revenue rose 22.5% to $8.41 billion, while it posted operating income of $266 million, compared with an operating loss of $440 million a year ago. By contrast, revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud computing …

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance
1 year, 4 months ago

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance

Associated Press  

SAN FRANCISCO — Google’s digital advertising sales growth accelerated during the summer, advancing a recent revival that helped its corporate parent Alphabet Inc. to deliver a quarterly profit that exceeded analysts’ projections. The third-quarter results released Tuesday for the July-September period included a 9% increase in Google’s ad sales from the same time last year. The upturn was even better …

As Google turns 25, CEO Sundar Pichai pushes for search and AI evolution
1 year, 6 months ago

As Google turns 25, CEO Sundar Pichai pushes for search and AI evolution

The Hindu  

Just as Google prepares to officially turn 25 on September 27, CEO Sundar Pichai affirmed search would continue to be the core of the company’s mission, and that there was much more to be done with it and AI. As Google also races to develop Bard, it has been accused of stealing personal data and creative works from users for …

Google unveils AI tools for enterprise customers at $30 a month
1 year, 6 months ago

Google unveils AI tools for enterprise customers at $30 a month

The Hindu  

Google on Tuesday made its artificial intelligence-powered tools available to enterprise customers at a monthly price of $30 per user, as the Alphabet-owned firm looks to cash in on the technology's surge in popularity this year. Google has intensified investments in generative AI this year as it plays catch-up after Microsoft-backed OpenAI's launch of ChatGPT last year took the tech …

Big Tech backs stock gains with solid results, growth prospects
1 year, 7 months ago

Big Tech backs stock gains with solid results, growth prospects

Associated Press  

NEW YORK — Big technology companies provided the energy for most of broader market’s sharp ascent in 2023 and their latest financial reports so far justify that confidence from investors. “In a nutshell, Big Tech earnings have been a flex the muscles moment for the bulls,” said Daniel Ives, a senior equity research analyst at Wedbush, in a research report. …

AI lesson for Microsoft and Google: Spend money to make money
1 year, 7 months ago

AI lesson for Microsoft and Google: Spend money to make money

The Hindu  

Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. "They're buying a bunch of H100s," said Ben Bajarin, chief executive and principal analyst of Creative Strategies, referring to Nvidia's flagship chips for AI. "As far as AI is concerned, while Google may have spent upwards of $200 billion on AI investments over the …

Discover Related