https://www.wsj.com/tech/ai/tech-giants ... f-278796f6Some of the world’s biggest tech companies showed this week how the tens of billions of dollars they have bet on the artificial intelligence boom are starting to pay off. They also warned bigger investments are coming.
Revenue from cloud businesses at Amazon, Microsoft and Google reached a total of $62.9 billion last quarter. That figure is up 22.2% from the same period last year and marked at least the fourth straight quarter in which their combined growth rate has increased.
Accelerating growth in cloud computing is the surest sign yet that spending by AI customers is beginning to justify the huge investments tech giants are making in infrastructure to power the technology.
AI investments are starting to pay off
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funkervogt
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AI investments are starting to pay off
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40lightyears
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Re: AI investments are starting to pay off
The cloud business growth is a solid indicator that all the investment is starting to show results. The 22% increase is pretty impressive. Looks like the AI boom is just getting started, and they’re only going to pour more money into it.