Major tech companies Microsoft (MSFT) and Alphabet (GOOG, GOOGL) have invested heavily in artificial intelligence, which is having different impacts on their cloud businesses. Microsoft — owning a 49% stake in ChatGPT — has been integrating AI capabilities into its Azure cloud platform. This focus helped Azure revenue grow 29% in its latest quarter. In contrast, Google's cloud business did not see the same AI-driven boost, despite Google being a leader in AI research. Yahoo Finance Tech Editor Dan Howley discusses the growing reliance on AI in tech companies, outlining investor concerns that Google could be falling behind Microsoft in this regard. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Major tech companies Microsoft (MSFT) and Alphabet (GOOG, GOOGL) have invested heavily in artificial intelligence, which is having different impacts on their cloud businesses. Microsoft — owning a 49% stake in ChatGPT — has been integrating AI capabilities into its Azure cloud platform. This focus helped Azure revenue grow 29% in its latest quarter. In contrast, Google's cloud business did not see the same AI-driven boost, despite Google being a leader in AI research.
Yahoo Finance Tech Editor Dan Howley discusses the growing reliance on AI in tech companies, outlining investor concerns that Google could be falling behind Microsoft in this regard.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
**↘️** [**Alphabet (GOOGL)**](https://www.wsj.com/market-data/quotes/GOOGL), [**(GOOG)**](https://www.wsj.com/market-data/quotes/GOOG): Shares of Google's parent company tumbled around 9% in early trading after the tech giant reported disappointing sales growth in its [cloud business](https://www.
PGIM Real Estate Managing Director and Head of Asia Pacific Benett Theseira discusses where he sees opportunities across sectors and markets in the region. He speaks with Bloomberg's David Ingles on "Bloomberg Markets: Asia."
(Bloomberg) -- Alphabet Inc. shares tumbled the most in a year on Wednesday after the Google parent reported a smaller than expected profit in cloud computing, raising concerns about its position in a market critical to its future. Most Read from BloombergTrump Signals Support for Johnson’s Bid to Become House SpeakerIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeNobody Wants Mutual Funds NowBig Tech E
The Dow Jones Industrial Average was outperforming the S&P 500 on Wednesday, in part because it includes Microsoft and not Alphabet. The Dow was up 65 points or 0.2% shortly after the market opened on Wednesday. Microsoft stock, with a gain of 3.9%, was contributing 83.77 points to the Dow, according to Dow Jones Market Data.
