Coinspeaker
AI in Spotlight as Google and Microsoft Earnings Prove

Artificial Intelligence (AI) prominence is on full display as tech giants including Alphabet Inc (NASDAQ: GOOGL) through its search engine Google and Microsoft Corp (NASDAQ: MSFT) revealed their second-quarter (Q2) earnings reports. Notably, artificial intelligence as a tech stack played a pivotal role in their success. 

Google, Microsoft Enjoys AI Boom

Google’s parent company, Alphabet Inc., announced robust earnings driven largely by AI-powered services. As per reports, Alphabet’s quarterly sales attained $80.5 billion, a 15% increase from the previous year, and profit increased by 36% to $23.7 billion. Similarly, Microsoft revealed a 17% increase in revenue, soaring to $61.9 billion, from the previous $52.9 billion in 2023. Also, the company witnessed a 20% surge in profits, reaching $21.9 billion.  

Also, the company’s cloud computing segment, Azure, ...