Microsoft and Alphabet report earnings with significant advancements in AI and cloud computing and plans to push forward on AI trends in 2024.
The Big Tech giants Microsoft and Alphabet - the parent company of Google - released earnings on Jan. 30 for the previous quarter, with highlights including developments in artificial intelligence (AI) and cloud computing, among others.
Over the last year, AI was one of the most prominent topics in the tech industry, with a global market size reaching $196.6 billion in 2023. Microsoft and Google were among the leaders in the AI development space in 2023, both releasing their own high-level chatbots.
Microsoft saw accelerated sales at the end of the year, with its AI tools being a major factor. According to the report, the company revenue rose 18% year-on-year from September to December to more than $60 billion.
