Two of tech’s most storied companies—Microsoft and Google parent Alphabet—reported earnings on Tuesday that told different stories about each one's cloud business, which some analysts consider a proxy for future AI profits. That’s because artificial intelligence will require large amounts of computing power that is generally available only through the cloud.
Since the launch of ChatGPT by newcomer OpenAI nearly a year ago, AI has been hailed as the next big revolution to come out of Silicon Valley. Yet how exactly that translates into a cash windfall is still hotly contested.
