Google Cloud and AWS Shine in Big Tech's Quarterly Update
The Information
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Generative AI
It was the Super Bowl of quarterly tech earnings today, with March-quarter results from Google, Microsoft, Amazon and Meta Platforms. The tsunami of numbers, all released within a few minutes of each other, might overwhelm even a top AI model. But for a human, what was clear was that surging demand for AI computing capacity is lifting cloud revenue growth across the industry. One wet blanket, though: Much of the computing demand is likely coming from the biggest AI firms, like Anthropic and OpenAI, so perhaps we shouldn’t get too excited.