Microsoft and Alphabet, Google’s parent company, have announced strong profits in the first quarter of this year, largely attributed to their innovations in the field of artificial intelligence.
According to the financial data released by both companies for the first quarter of the year, revenues from Google’s cloud computing services increased by approximately 28%, with strong growth in services like Workspaces, which offer a wide range of AI capabilities supported by the large-scale language model Gemini.
At Microsoft, artificial intelligence services accounted for 7% of the 31% increase in revenues from Microsoft’s Azure cloud computing platform in the first quarter of the current year.
Apple’s stock saw a 10% increase, reaching a market value of over two trillion dollars, gaining $180 billion after the latest financial results announcement. Meanwhile, Microsoft’s stock rose by 3%, and the company achieved gains exceeding $80 billion.
After investing billions of dollars in the necessary infrastructure to support artificial intelligence, both Alphabet and Microsoft’s revenues flourished beyond expectations as more users transitioned to their new applications.
The recent positive results of both companies contrasted with what happened to Meta, where its stocks fell by 10% after announcing its financial results, resulting in a loss of $200 billion due to increased spending and statements indicating the need for more time to achieve profits in the field of artificial intelligence.
