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Google is ramping up its AI offensive. What does it mean for Google stock? Will it pay off amid intensifying rivalry with OpenAI?

Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, Microsoft's revenue was $61.9 billion, with net profit up by 20 percent to $21.9 billion

Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live.In its push, Microsoft has moved beyond OpenAI and signed partnerships with other promising AI startups such as Mistral AI, as well as investing heavily internationally.

Alphabet Q1 results: The Google parent generated sales, excluding partner payouts, of $67.6 billion for the three months that ended on March 31.

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