- Reuters
AI fuels cloud computing boom for tech giants
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 the clearest sign yet that AI investment is bearing fruit after investors drove those stocks to record highs, thanks to optimism about the emerging technology. Many big customers have started spending again on cloud computing after pausing last year to cut costs, executives and analysts said.
- Barrons.com
Amazon Stock Jumps on Strong Growth for AWS
Amazon com posted better-than-expected first-quarter financial results, driven by strong growth in the company’s AWS cloud computing business and impressive advertising demand. Microsoft and Alphabet last week posted better-than-expected growth in their cloud computing businesses, each beating Wall Street’s estimates by several percentage points. Amazon Web Services revenue was $25 billion, up 17%, about two percentage points better than Street estimates, and the best growth in four quarters.
- Benzinga
Sundar Pichai Feels The Weight Of AI Disrupting Society, Says It Will Be 'Most Challenging We Ever Deal With' Amid Google's Woke AI
Google’s latest artificial intelligence (AI) chatbot Gemini came under fire shortly after its launch for its handling of historical images and text, with critics accusing it of being “too woke” because of its portrayal of known figures as black or Asian. The company's attempt to address racial issues has backfired, as Gemini was programmed to show a range of ethnicities but misrepresented white historical figures like George Washington and the pope. Don't Miss: A groundbreaking energy company pl
