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Microsoft, Google ride AI wave as revenues surge
Microsoft, Google ride AI wave as revenues surge
Technology
by  AFP

Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue. Google trails Microsoft and Amazon's AWS, which are the world's top providers of cloud computing services.

Google says AI helped it beat profit expectations
Google says AI helped it beat profit expectations
Technology
by  AFP

Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year. Google ads brought in a total of $65.5 billion in the quarter, compared with $59 billion in the same period the prior year, according to the earnings report.

US consumer confidence hits highest level since Dec. 2021
US consumer confidence hits highest level since Dec. 2021
Economy
by  AFP

US consumer confidence beat expectations in January to reach its highest level since December 2021, with the public more optimistic than at any point since the Federal Reserve began hiking interest rates. Consumer confidence jumped to 114.8 in January, marking the third straight month of gains, the Conference Board announced in a statement.