Google's cloud outpaces rivals in third quarter as AI battle heats up
Publishing timestamp: 2024-11-02 08:00:01
Summary
Google's cloud business grew 35% in the latest quarter, outpacing Amazon and Microsoft. Amazon Web Services continues to be profitable, but Google is gaining traction in artificial intelligence. Microsoft is also seeing growth in Azure and AI services. Google, Amazon, and Microsoft are all investing in AI infrastructure to meet growing demand. Oracle is expected to report quarterly results in December.
Sentiment: POSITIVE
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Keywords: business news, alphabet inc, microsoft corp, nvidia corp, breaking news: technology, amazon.com inc, business, intel corp, enterprise, sundar pichai, oracle corp, technology,
Source: https://www.cnbc.com/2024/11/02/googles-cloud-outpaces-aws-azure-in-q3-as-ai-battle-heats-up-.html