Big Tech Strikes Gold With AI, but at a Steep Cost
While Microsoft, Alphabet, Meta and Amazon ride AI to strong earnings, some investors are still worried about the level of spending.
- Meta, parent of Instagram and Facebook, beats revenue expectations Associated Press —
- Amazon Offers Q1 Shoutout To โProject Hail Maryโ, 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 —