Major tech companies Microsoft (MSFT) and Alphabet (GOOG, GOOGL) have invested heavily in artificial intelligence, which is having different impacts on their cloud businesses. Microsoft — owning a 49% stake in ChatGPT — has been integrating AI capabilities into its Azure cloud platform. This focus helped Azure revenue grow 29% last quarter. In contrast, Google’s cloud business did not see the same AI-driven boost, despite Google being a leader in AI research.
Yahoo Finance Tech Editor Dan Howley discusses the growing reliance on AI in tech companies, outlining investor concerns that Google could be falling behind Microsoft in this regard.
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