Microsoft's AI bets boost cloud business, Alphabet yet to find silver lining

Remembering Harley: Graveside memorial service honours homeless Hantsport man’s life | SaltWire - Google-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows maker's investment in artificial intelligence was paying off.

Microsoft has emerged as an AI frontrunner, largely due to its substantial investment into startup OpenAI, the maker of hit product generative AI chatbot ChatGPT. Microsoft's chief financial officer Amy Hood said on a conference call with analysts that higher-than-expected AI consumption was responsible for a 3 percentage point boost to its cloud business.

In contrast, revenue at Google's cloud business rose 22.5% to $8.41 billion in the quarter ended Sept 30, its slowest growth in at least 11 quarters. That lagged an average Wall Street estimate of $8.62 billion.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Microsoft's AI bets boost cloud business, Alphabet yet to find silver liningGoogle-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Microsoft, Alphabet report earnings, Meta sued by 42 attorneys general: Yahoo Finance LiveTech giants Microsoft (MSFT) and Alphabet (GOOGL) report their latest quarterly results. Investors will be closely watching to see what the companies say...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

The Daily Chase: Teck, GM report earnings; Microsoft, Alphabet coming laterHere are five things you need to know this morning.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Alphabet and Microsoft's top themes for Q3 earningsAlphabet (GOOG, GOOGL) and Microsoft (MSFT) are due to report third-quarter earnings after Tuesday's closing bell. Yahoo Finance Tech Editor Dan Howley lays ...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »