Google, Microsoft top expectations as AI rivalry heats up ...Middle East

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, over-hiring during a Covid-era boom and a major challenge by Microsoft on artificial intelligence.Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts, and in the same three-month period that the company said it would lay off 12,000 staff, or six percent of its workforce.Microsoft’s results for the first three months of the yea

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Google, Microsoft top expectations as AI rivalry heats up ...Middle East

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