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Microsoft’s Azure cloud-computing platform saw a 29% growth in revenue in the September quarter, beating estimates. Meanwhile, Alphabet’s Google Cloud business saw its slowest growth in 11 quarters, missing estimates. Microsoft has been investing heavily in artificial intelligence (AI) and has emerged as an AI front runner due to its substantial investment into start-up OpenAI, the maker of hit product generative AI chatbot ChatGPT. Alphabet has also deployed AI in its products, such as its flagship Pixel phones, and has recently experimented with adding generative AI to its search engine. Microsoft’s CFO attributed higher-than-expected AI consumption to the Azure growth.
