semiconductor / news / / The Boston Globe
Alphabet Inc.’s Google is seeing a clear payoff from its AI spending, while Meta Platforms Inc. is lagging behind.
Alphabet's Google Cloud recorded $20 billion in sales last quarter, beating expectations by $1.6 billion.
KEY POINTS
- Google's cloud backlog doubled quarter-over-quarter to over $460 billion, signaling surging AI demand.
- Meta increased capital expenditures to as much as $145 billion but reported lower AI product engagement.
- Microsoft's Copilot AI tools now have 20 million paid seats, up 5 million since the previous quarter.
- Amazon's cloud revenue grew 28 percent, the fastest rate since Q2 2022, aided by Anthropic partnerships.
COMPANIES
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