AI fuels cloud computing boom for tech giants

AI fuels cloud computing boom for tech giants

By Yuvraj Malik (Reuters) – Three of the Wall Street’s heavyweight technology firms have reported better-than-expected sales at their cloud computing units in recent days, as interest in artificial intelligence drives a rebound in spending by corporate customers. Growth in the $270 billion cloud infrastructure market, a cash engine for Amazon.com, Microsoft and Alphabet, gives …

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Microsoft, Google Gain After AI Fuels Cloud Computing Demand

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 Bloomberg The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by …

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