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AI business is booming for Microsoft and Google, but some rivals falter

Investments in AI are continuing to fuel the tech sector boom after strong earnings for Google, Microsoft, and Snap.

Investments in artificial intelligence (AI) are continuing to fuel the tech sector boom after strong earnings for Google, Microsoft, and Snap but Meta suffered a plunging share price despite a positive first quarter. Meanwhile, Alphabet CEO Sundar Pichai welcomed the ongoing advances creating prosperity for the tech giant as its cloud revenues totaled $9.6 billion, with the “Gemini era” underway. The parent company of Facebook, Messenger, Instagram, WhatsApp, and Threads saw its shares suffer a sharp tumble on Thursday (25 Apr), plummeting 10.5% and a collective loss of value to the tune of around $100 billion.

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