Google vs. Microsoft... Top AI stories TL;DR 27OCT23

Last update: 10/27/23

Consider the image for this blog note. Question: Why is that man smiling? Answer: He is smiling because he is Satya Nadella, the very well paid CEO of Microsoft. As described in the articles reporting our first top story, Nadella's huge investment bets in AI have yielded substantial quarterly earnings, earnings that have convinced Wall Street that AI will soon become a highly productive and highly profitable money maker for Microsoft. Microsoft’s growth in the most recent quarter stemmed from the business unit the company labels “Azure and other cloud services,” which houses its investments in AI ... Note: The current edition of "Useful AI News" can be found ➡ HERE
 

Indeed, within a few days Microsoft will formally roll out "Copilots" for all of its products and services, "Copilot" being the name that Microsoft is calling generative AI extensions to each of its products and services. Enterprise clients will pay per user monthly subscription fees for access to Copilots. Here's a link to Microsoft's official description of its Copilot initiative ➡ https://blogs.microsoft.com/blog/2023/09/21/announcing-microsoft-copilot-your-everyday-ai-companion/

 

By contrast, our second top story relates to Google's quarterly report (Alphabet's report) that documents its failure to make substantial gains in the cloud. Google's failure to substantially increase its share of the market for cloud services indicated that its higher profits were not related to larger purchases of generative AI services that are inherently cloud-based operations. So Google's Bard chatbot may have caught up to Microsoft's ChatGPT, but the race between Google vs Microsoft is just beginning. At this point Microsoft is definitely "winning".

Top 2 stories this week ...

1. OtherNews
    "Wall Street is demanding financial results that support all the AI hype. Microsoft’s latest earnings finally delivered", Rachyl Jones, Fortune *** 
   -- This story also covered by Microsoft, NY Times, CNN, Forbes, 
   
   
2. OtherNews
    "Alphabet [Google] shares drop as cloud miss overshadows better-than-expected overall results", Jennifer Elias, CNBC, 10/25/23 *** 
   -- This story also covered by NY Times, 

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