Microsoft, Google beat earnings expectations

By Agence France-Presse

Jul 27, 2023 12:18 am

SAN FRANCISCO, California: Tech titans Google and Microsoft announced better-than-expected earnings on Tuesday as the frenzy over artificial intelligence (AI) stokes investor excitement and breathes a new life into the sector.

The release of ChatGPT last year landed as technology giants were embarking on major layoffs and cost-cutting plans, with share prices hammered after flying high during the coronavirus pandemic.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Google pushes AI education for workers, lawmakers

Trump in talks with people eyeing TikTok

Cuba's tourism industry plummets amid questions

Meta tests ads on Threads, its alternative to X

Meta plans to invest $60-B or more in AI this year

WTO chief warns of tit-for-tat tariffs

SG central bank eases its monetary policy