Microsoft, Google drub quarterly earnings expectations as AI drives revenue

[superadmin]

SAN FRANCISCO: Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live.

The results were cheered by Wall Street investors who pushed up Alphabet’s share price by more than 11% and Microsoft shares by nearly 4% in after-market trades.

Google parent Alphabet reported a profit of US$23.7 billion on revenue of US$80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising.

AI helped drive the Silicon Valley tech giant’s business, according to Alphabet and Google chief Sundar Pichai.

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