- Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI's technology.
"Azure is benefiting from a halo effect around Microsoft's AI strategy," said RBC Capital Markets Rishi Jaluria, who expects Microsoft to take Amazon's market share. Azure, part of the Intelligent cloud unit at Microsoft, is expected to have grown 28.9% in the January-to-March period, according to estimates from Visible Alpha.
"Broader elements of generative AI story likely need more time to develop and work through enterprise purchasing cycles," Morgan Stanley said earlier this month.While Alphabet shares have gained over 13% so far this year and recently scaled a record high on optimism over its AI efforts including the Gemini models, several analysts said the company was not rushing to monetize the technology and that it may take longer for Google Cloud to benefit from AI integration.
Amazon has not announced any major AI moves but is weaving the technology into AWS on the back of its $4 billion investment in OpenAI-competitor Anthropic. Three top executives at Tesla have resigned in two weeks, with the latest departure at the end of its earnings callShould you buy Algonquin for its big dividend? Looking forward, the utility is making a lot of changes. The post So You Own Algonquin Stock: Is It Still a Good Investment? appeared first on The Motley Fool Canada.Canadian AI stocks like Open Text Corp are changing the game.
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVNews - 🏆 1. / 99 Read more »