business / news / / The Guardian
Amazon, Alphabet and Microsoft all revealed double-digit gains in their cloud computing units, which have seen supercharged growth thanks to increasing adoption of AI.
Amazon, Alphabet, and Microsoft reported double-digit cloud computing growth driven by AI adoption.
KEY POINTS
- Meta increased its 2024 capital expenditure forecast from $115bn minimum to $125bn, alarming investors.
- Alphabet's Google Cloud unit posted 63% year-on-year growth, significantly exceeding expectations.
- The four companies together plan to spend $650bn on AI infrastructure in 2026.
- Meta's $2bn acquisition of AI firm Manus was blocked by Chinese regulators.
COMPANIES
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