Alphabet, Amazon Outpace Meta in AI During Earnings Bonanza
A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in artificial intelligence.
The upshot: Alphabet Inc.’s Google is seeing a clear payoff from its AI spending, while Meta Platforms Inc. is lagging behind.
- Meta, parent of Instagram and Facebook, beats revenue expectations Associated Press —
- Amazon Offers Q1 Shoutout To ‘Project Hail Mary’, Tops Wall Street Forecasts Amid AI Arms Race Deadline —
- Amazon reports increased 1Q profits and net sales fueled by cloud computing demand CTV News —
- Alphabet's first-quarter profit soars with Google's big AI bets AP News —
- Alphabet's cloud unit beats quarterly revenue estimates on strong AI demand - Reuters Reuters —