Financial Report

Alibaba Group recently released its first quarter performance report for fiscal year 2025, in which Alibaba Cloud performed particularly well. The financial report shows that Alibaba Cloud's revenue increased by 6% year-on-year to 26.549 billion yuan, AI-related product revenue achieved triple-digit growth, and public cloud business also achieved double-digit growth. Adjusted EBITA profit increased by 155% year-on-year to 2.337 billion yuan. Alibaba Cloud said it will continue to invest in customers and technology, especially in AI technology and infrastructure, to drive the adoption of cloud computing in AI applications and maintain its market leadership. In open source…

Google has been very busy lately. According to the second quarter earnings report released by its parent company Alphabet on Tuesday, Google has earned nearly $85 billion in the past few months, which is really an impressive figure. Among them, the search business performed particularly well, with revenue reaching $48.5 billion. And Google's cloud computing division also broke the $10 billion mark for the first time, achieving an operating profit of $1 billion. In a conference call after the release of the earnings report, Google CEO Sundar Pichai said that the generative AI solutions that Google provides to cloud customers "have been used by us...

Microsoft and Google (parent company Alphabet's) have released their quarterly financial reports ending March 31, 2024. The two companies have achieved substantial growth due to the positive impact of generative AI such as ChatGPT. Data shows that Microsoft's revenue increased by 17% year-on-year to US$61.9 billion, exceeding Wall Street analysts' expectations, and net profit increased by 20% to US$21.9 billion. Diluted earnings per share were US$2.94, an increase of 20%, mainly due to close cooperation with ChatGPT's parent company OpenAI, for example, in Copilo...

Microsoft, Alphabet and Advanced Micro Devices reported disappointing quarterly results late Tuesday, wiping $190 billion off the market value of AI-related companies. The sell-off after the tech giants reported after the close underscored high expectations among investors who have driven the companies’ shares to all-time highs during an AI-driven stock market rally in recent months, anticipating the technology to be incorporated across the enterprise. Google parent Alphabet fell $5.61T after advertising revenue in December fell short of expectations. Alphabet also said it would…