Microsoft, Google beat earnings expectations amid AI frenzy – Times of India

[ad_1] SAN FRANCISCO: Tech titans Google and Microsoft announced better then expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector. The release of ChatGPT last year landed as tech giants were embarking on major layoffs and cost-cutting plans, with share prices hammered after … Read more

Amazon: Amazon commits to $15 billion India investment, CEO says – Times of India

[ad_1] Amazon.com Inc will invest an additional $15 billion in India, the company’s Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday. The investment will take the e-commerce giant’s total India investment across all businesses to $26 billion by 2030, he said. Modi and Jassy spoke about supporting Indian startups, … Read more

Top cloud providers Amazon, Microsoft and Google face ongoing spending cuts by clients

[ad_1] Amazon Web Services logo at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images The cloud-computing market keeps growing as companies move an increasing number of workloads out of their own data centers, but executives from the leading cloud vendors said this week that clients are looking for … Read more

Google: Google earnings top expectations as AI battle heats up – Times of India

[ad_1] SAN FRANCISCO: Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.The tech titan has found itself under pressure due to a general slowdown in advertising spending, … Read more

Google CEO Sundar Pichai Earned $226 Million In 2022 Amid Layoffs

[ad_1] Sundar Pichai’s compensation included stock awards of about $218 million. (Image: Instagram/sundarpichai) Early this month, hundreds of Google employees staged a walkout at the company’s London offices following a dispute over layoffs. Google’s parent Alphabet Inc chief executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times … Read more