Google and Microsoft Post Profits Exceeding Expectations

Both Google and Microsoft reported quarterly profits that exceeded expectations, providing a positive outlook on their ability to generate revenue from their massive investments in artificial intelligence. Alphabet, Google's parent company, saw revenues surpass $80 billion in the first quarter of the year, with a net profit of $23.7 billion (a 57% year-on-year increase). The performance of its cloud platform was strong, with operating profits reaching $900 million, three times more than what was achieved last year. Meanwhile, Microsoft announced profits of approximately $22 billion for the period between January and March, reflecting a 20% increase. The Intelligent Cloud platform (data centers, servers, and remote software) experienced a revenue surge of 26%, the fastest pace in two years. The market was specifically awaiting any indications that the two American giants' investments in generative artificial intelligence were starting to pay off.