Alphabet CEO Sundar Pichai and Microsoft CEO Satya Nadella are optimistic about monetizing generative AI tools.
Microsoft's GitHub Copilot has gained 1.8 million customers, and its AI services are popular among Fortune 500 companies.
Microsoft's cloud services revenue increased by 7%, with a rise in $100 million and $10 million cloud deals.
Google Cloud has over 1 million developers using its generative AI tools, and 60% of generative AI startups are its customers.
Google's ad campaigns are benefiting from generative AI, but the success of its $20 per month AI chatbot subscription plan remains undisclosed.
Both companies are investing heavily in infrastructure, with Microsoft showing more immediate returns compared to Google.
While Google's overall sales rose by 15%, Microsoft's sales increased by 17%.
Source: https://www.wired.com/story/microsoft-google-earnings-generative-ai/
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