profit. microsoft s quarterly profit grew thanks to the strength of its cloud computing unit and sales from microsoft s intelligent cloud business, its biggest revenue driver grew 15% from this time last year to $24 billion. but that was perhaps less than wall street was hoping for because the share price initially traded lower. focusing on the big bit of artificial intelligence the ceo said we remain focused on leading the new ai platform shift. microsoft is not the only tech giant investing heavily in al. alphabet is developing and deploying ai heavily in al. alphabet is developing and deploying al to improve its search as well as other products. that along with a slight improvement in the digital app market helped it turn a net profit of $18.4 billion in the last quarter. its cloud business also enjoyed strong positive momentum revenue. and musical chairs at the company, google said its
outlook for this year. they now think the global economy will grow 3% in 2023. the imf has highlighted future concerns such as rising interest rates as well as china s shallower than expected post covid economic rebound. it is also a big week for big tech and both microsoft and alphabet have reported their latest quarterly earnings and both saw their profits soar. both companies are locked in a race to develop artificial intelligence tools but as my colleague explains that is not quite driving future revenue just yet. when it comes to cloud services microsoft and google s parent company alphabet major players in a field that continues to drive profit. microsoft s quarterly profit grew thanks to the strength of its cloud computing unit and sales from microsoft s intelligent cloud business, its biggest revenue driver grew 15% from this time last year to $24 billion. but that was perhaps less
microsoft and google s parent company alphabet are major players in a field that continues to drive profits. microsoft s quarterly profits grew thanks to the strength of its cloud computing unit. sales from microsoft s intelligent cloud business, its biggest revenue driver, grew 15% from this time last year to $24 billion but that was perhaps less than wall street was hoping for because its share price initially traded lower. focusing on the company s big bet on artificial intelligence, they remain focused on leading they remain focused on leading the new ai platform shift. and microsoft isn t the only tech giant investing heavily in al. google s parent company alphabet is developing and improving ai to improve its search and as as well as other products. that led along with a slight improvement in the ad market how to turn a net profit of $84 billion in the last quarter. its cloud