Goldman Sachs: Alphabet and Amazon generated "other income" totaling $53B in Q1, or ~60% of their Q1 income; $49B was due to equity stakes in private companies (Robin Wigglesworth/Financial Times)

Robin Wigglesworth / Financial Times: Goldman Sachs: Alphabet and Amazon generated “other income” totaling $53B in Q1, or ~60% of their Q1 income; $49B was due to equity stakes in private companies - The AI “hyperscalers” reported bumper earnings for the first quarter, with both sales and profits beating expectations.