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Tech giants Microsoft and Alphabet, Google’s parent company, unveiled their earnings for the previous quarter on Jan. 30, showcasing substantial progress in artificial intelligence (AI) and cloud computing. In the rapidly evolving tech landscape, where AI dominates discussions and commands a global market of $196.6 billion in 2023, Microsoft and Google emerged as frontrunners, introducing advanced chatbot technologies in 2023.

 

 

 

 

Microsoft experienced a surge in sales toward the end of the year, attributing a significant portion of its success to the widespread adoption of its AI tools. The financial report revealed an impressive 18% year-on-year revenue increase, surpassing $60 billion from September to December.

 

 

 

 

During the Q4 earnings call, Satya Nadella, Microsoft’s chairman and chief executive officer, emphasized the company’s transition from mere discussions about AI to its extensive implementation across the entire technological framework. Nadella stated, “By infusing AI across every layer of our tech stack, we’re winning new customers and facilitating enhanced benefits and productivity gains across various sectors.”

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