Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live.
Google and Alphabet Inc. CEO Sundar Pichai says the internet giant is well position for an artificial intelligence era with technology it is building into its platform and services.
The earnings come as Google, Microsoft, Amazon and other rivals competing in the hot field of AI face scrutiny from regulators in the US and Europe.The US Federal Trade Commission early this year launched a study of AI investments and alliances as part of an effort to make sure regulatory oversight can keep up with developments in the sector and stop major players from shutting out competitors in a field promising upheaval in multiple areas of business.
Microsoft has been hugely rewarded by investors since it aggressively pushed into rolling out generative AI, starting with its $13 billion partnership with OpenAI, the creator of ChatGPT, in 2023.The embrace of AI has boosted sales of its key cloud services, such as Azure, which have become the core of Microsoft's business under Nadella’s leadership.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google, Facebook, and Microsoft announce major AI and cloud computing investmentsTech titans are investing heavily in AI infrastructure and cloud computing.
Read more »
Mozambique: Health Workers Threaten to Resume Strike As of ThursdayThe Association of United Mozambican Health Professionals (APSUSM) has threatened to resume its nationwide strike as of Thursday supposedly because the Health Ministry (MISAU), has failed to fulfill promises made in the negotiations.
Read more »
Daily Lotto results: Thursday, 25 April 2024Tonight's jackpot is R500 000! Here are your winning Daily Lotto results for Thursday, brought to you by The Citizen.
Read more »
Thursday's weather: Risk of fires persist in places over Northern CapeThursday's weather: Risk of fires persist in places over Northern Cape
Read more »
ConCourt gives Zuma, MK Party notice to file response to IEC’s eligibility appeal by ThursdayConCourt gives Zuma, MK Party notice to file response to IEC’s eligibility appeal by Thursday
Read more »
Cartoon Thursday with RicoDefend Truth
Read more »