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Microsoft, Google Gain After AI Fuels Cloud Computing Demand

(Bloomberg) -- Microsoft Corp. and Google owner Alphabet Inc. sent a clear message to investors on Thursday: Our spending on artificial intelligence and cloud computing is paying off. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapAlphabet Beats Revenue Estimat

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Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth

(Bloomberg) -- Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingThe Go

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Alphabet Q1 Results: Google parent company records revenue at $67.6 billion

Google's parent company, Alphabet, reported Q1 net income for the quarter at $1.89 per share, topping forecasts of $1.53 per share. Alphabet also declared its first-ever dividend at 20 cents per share, and confirmed plans to repurchase another $70 billion in stock. Its shares soared 13%.

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Alphabet Q1 results: Google parent company's revenue at $67.6 billion, beats estimates

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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Alphabet and Microsoft earnings send a clear message to investors: Our AI spending is paying off

Microsoft and Google owner Alphabet trounced Wall Street estimates with their latest quarterly results.

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Microsoft, Google gain after AI fuels cloud computing demand

Firms trounced Wall Street estimates with Q1 results, lifted by a surge in cloud revenue

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Microsoft and Alphabet profit surge signals AI and cloud dominance

Tech giants Microsoft and Alphabet reported soaring profits, fuelled by their investments in AI and cloud computing.

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Microsoft and Alphabet see profits grow due to increasing demand for AI

Microsoft and Alphabet see profits grow due to increasing demand for AI
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Palantir and Oracle buddy up on cloud infrastructure

Palantir and Oracle buddy up on cloud infrastructure
theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.

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Amazon to cut hundreds of jobs in AWS cloud computing unit

The technology giant said it is making the cuts as part of a strategic shift.

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