Second-quarter earnings season brought heavyweight technology giants and artificial intelligence frontrunners Alphabet and Microsoft head to head in an all too familiar match up. But despite ongoing confidence in their capabilities from Wall Street and the investing community, both offered a hint of caution when highlighting upcoming plans for their AI expansion.
mountain Alphabet shares in 2023 Both Alphabet and Microsoft have spearheaded the effort, facing off with competing chatbots early in the year. Many analysts and investors looked to this quarterly results for insight into their AI monetization plans and a check in on their progress. However, both companies mentioned rising costs or a slower-than-expected ramp, as these plans and products play out.
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