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☆ Microsoft CEO Satya Nadella is reportedly worried about an OpenAI deal with Apple
▼ + stars: | 2024-05-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Satya Nadella recently met with Sam Altman to discuss a new OpenAI deal, The Information reported. OpenAI recently sealed a major deal with Apple, according to the outlet. Microsoft is reportedly concerned about how the deal could affect its product ambitions. Satya Nadella recently met with Sam Altman to discuss an apparent deal between OpenAI and Apple, The Information reported. Nadella was reportedly concerned about the potential impact of a deal on Microsoft's product ambitions, per the report.

Persons: Satya Nadella, Sam Altman, OpenAI, —, Nadella Organizations: Apple, Microsoft, Service, Business

☆ Tesla's earnings report was worse than expected, but Elon Musk has a plan
▼ + stars: | 2024-04-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Tesla's earnings report and what comes next for the EV maker. The big storyTesla's turnaround planJADE GAO/AFP via Getty Images; Chelsea Jia Feng; BIBad news: Tesla's earnings report was worse than expected. AdvertisementPerhaps that's why Musk spent so much of the earnings call discussing autonomy and the progress made with Tesla's Full Self-Driving software . Musk told analysts on the earnings call that Tesla is the majority of his work . If investors vote against the package at Tesla's annual meeting in June, who knows where Musk — and his AI ambitions — will end up .

Persons: —, Chelsea Jia Feng, Elon Musk, Tesla, Musk, hasn't, Insider's Linette Lopez, Matt Anderson, Tyler Le, JPMorgan's Marko Kolanovic, Kolanovic, Cathie, Stocks, Goldman Sachs, Gerard Julien, Elon Musk's, Carl Godfrey, Joe Biden, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images, Tesla, Getty, EV, Musk's, Intel, Micron Technology, Microsoft, BI America, Amazon, Boeing, Meta, IBM, US Locations: Delaware, Outflows, United States, China, Idaho, New York, London

☆ Microsoft is blocking employee access to Perplexity AI, one of its largest Azure OpenAI customers
▼ + stars: | 2024-04-23 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +1 min

Microsoft blocks access to Perplexity AI, a major Azure OpenAI customer, for at least some staff. Perplexity AI uses Microsoft's Azure OpenAI to power its AI chatbot search engine. Microsoft is blocking employee access to Perplexity AI, one of the largest customers of its Azure OpenAI service, according to two people familiar with the matter. Perplexity's product is an AI chatbot search engine that provides conversational answers. It's powered by Microsoft's Azure OpenAI service, which helps companies like Walmart and JPMorgan Chase build generative AI into their operations and products.

Organizations: Microsoft, Walmart, JPMorgan Chase, Cola, Business

☆ Microsoft says new AI security chatbot pricing model lets customers 'buy what they need'
▼ + stars: | 2024-03-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft is rolling out an unorthodox pricing model for its new security chatbot that becomes available to the public on April 1. Microsoft considered input from early customers as well as the costs of tapping OpenAI's LLMs that process users' prompts, Vasu Jakkal, a corporate vice president at Microsoft, told CNBC. Microsoft charges for use of its Azure OpenAI Service based on the number of tokens a client uses. BP is an early customer of the new security service. Copilot for Security can answer questions by drawing on information from Microsoft's own security products and third-party providers.

Persons: Satya Nadella, Nadella, Andrew Conway, Conway, Vasu Jakkal, Chip Calhoun, Copilot, UnitedHealth Organizations: Microsoft, Security, Gaming, Activision Blizzard, Windows, Dynamics, CNBC, OpenAI, BP Locations: Seoul, Charlotte, Russian

☆ Microsoft insiders worry the company has become just 'IT for OpenAI'
▼ + stars: | 2024-03-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Some Microsoft insiders worry the company's AI strategy has become too focused on its partnership with OpenAI. Insiders say Microsoft is focused less on the internal services that previously made up Azure AI Services and more on the Azure OpenAI service. The Azure OpenAI service has hundreds of developers supporting customers of Microsoft's Azure cloud service who use OpenAI's GPT models. Some Microsoft employees work so closely with OpenAI that they have badges to get into OpenAI's offices, and some OpenAI employees can badge into Microsoft locations. Axel Springer, Business Insider's parent company, has a global deal to allow OpenAI to train its models on its media brands' reporting.

Persons: Eric Boyd, Scott, That's, Frank Shaw, Shaw, Ashley Stewart, Axel Springer Organizations: Microsoft, OpenAI, Business, AI Services, AI Bot

☆ Stocks making the biggest moves midday: CrowdStrike, Palantir, Super Micro Computer, Brown-Forman and more
▼ + stars: | 2024-03-06 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

JD.com — The Chinese e-commerce platform surged nearly 19% after posting a quarterly revenue increase. Thor Industries — Shares plunged 11% after the recreational vehicle maker posted quarterly revenue that disappointed expectations. In its second quarter, Thor Industries reported revenue of $2.21 billion, weaker than the FactSet consensus estimate of $2.27 billion. Box posted fourth-quarter earnings of 42 cents per share, topping the forecast 38 cents in earnings per share from analysts polled by LSEG. Wall Street firms HSBC and Deutsche Bank upgraded Target to buy after the earnings results.

Persons: CrowdStrike, JD.com, Nordstrom, Morgan Stanley, Locker, HashiCorp, LSEG, Couchbase, Bitcoin, Ether, ChargePoint, Wolfe, Brown, Forman —, Forman, Jack Daniel's, Adam Jonas, Tesla, Fitch, — CNBC's Michelle Fox, Lisa Kailai Han, Hakyung Kim, Pia Singh, Samantha Subin Organizations: Management, Nordstrom, New York Community Bancorp, Reuters, Wall, Bank, — Bank, PNC Financial Services, Northern Trust, T Bank, Thor Industries, FactSet, ChargePoint Holdings, LSEG, OpenAI, —, U.S . Army, Tactical Intelligence, Wall Street, HSBC, Deutsche Bank, Target, Argus, Abercrombie, Fitch, Tech Locations: FactSet ., LSEG .

☆ Stocks making the biggest moves premarket: Palantir, CrowdStrike, Foot Locker and more
▼ + stars: | 2024-03-06 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Foot Locker — Shares tumbled about 9.7% after the sneaker retailer posted a holiday-quarter loss and provided weak guidance for the current year. CrowdStrike's adjusted earnings of 95 cents per share surpassed an LSEG consensus estimate of 82 cents per share. The firm's $845 million in revenue was also higher than the estimated $839 million. That's higher than analysts' calls for $1.65 per share on revenue of $5.81 billion, according to LSEG. Box — The stock added 2.9% after matching fourth-quarter revenue expectations, according to LSEG.

Persons: Foot, CrowdStrike, Palantir, ChargePoint, FactSet, Ross, Bitcoin, Nordstrom, —, Jesse Pound, Michelle Fox Theobald Organizations: —, U.S . Army, Tactical Intelligence, Ross, OpenAI, Nordstrom

☆ Copilot dreams and nightmares: Microsoft insiders share what they really think about the company's AI future.
▼ + stars: | 2024-03-06 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

"Customers trust Microsoft more than OpenAI since they already buy Microsoft's ecosystem," a Microsoft AI researcher told BI. "Almost everyone I know is working on Copilot to a certain extent," the Microsoft AI researcher told BI. "It's too premature to assume this is going to be a race to the bottom on price," another Microsoft executive said. Some Microsoft employees work so closely with OpenAI that they have badges to get into OpenAI's offices, and some OpenAI employees can badge into Microsoft locations. Mistral models will be offered to Microsoft customers along with about 1,600 other models including Cohere and Meta's Llama.

Persons: there's, Morgan Stanley, Satya Nadella, they've, they're, Frank Shaw, Shaw, That's, OpenAI, JPMorgan Chase, It's, Dentsu, Shiva Vannavada, Vannavada, Eric Boyd, Scott, John Montgomery, Asha Sharma, Ashley Stewart Organizations: Microsoft, Business, Enterprise, Walmart, JPMorgan, BI, Google, Dentsu, Product, Technology, Employees, Nvidia, DA Davidson, AI Services, AI Bot, OpenAI Locations: OpenAI, Mistral

☆ Stocks making the biggest moves after hours: Nordstrom, CrowdStrike, Box and more
▼ + stars: | 2024-03-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Ross earned $1.82 per share on $6.02 billion of revenue, higher than the $1.65 per share on revenue of $5.81 billion that analysts had expected, according to LSEG. CrowdStrike — The cybersecurity stock soared 19% after fourth-quarter earnings topped estimates. Nordstrom — Despite beating fourth-quarter earnings and revenue expectations, shares slid nearly 10% after the department store chain provided disappointing full-year 2024 guidance. HashiCorp — Shares of the software company added 1% after fourth-quarter earnings and revenue topped estimates. Box — The cloud storage stock jumped 8% after posting fourth-quarter revenue that matched analyst expectations, according to LSEG.

Persons: Ross, CrowdStrike, LSEG, Nordstrom, HashiCorp Organizations: OpenAI

☆ OpenAI says it thwarted malicious state actors out of China, Russia, and North Korea, and one of them's called Salmon Typhoon
▼ + stars: | 2024-02-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The company named the five actors — China-affiliated "Charcoal Typhoon" and "Salmon Typhoon," Iran-affiliated "Crimson Sandstorm," North Korea-affiliated "Emerald Sleet," and Russia-affiliated "Forest Blizzard." The Chinese mecha in the film was named "Crimson Typhoon," while the Russian mecha was called "Cherno Alpha." Adjectives are then added at the front to distinguish between threat actors within the same family. Besides "Crimson Sandstorm," Iran is also affiliated with "Lemon Sandstorm" and "Marigold Sandstorm." Besides monitoring and disrupting threat actors, the company said it has been working with industry partners to exchange information.

Persons: —, Guillermo del, OpenAI, Sandstorm, Sam Altman, Altman Organizations: Service, Microsoft, Business, Warner Bros Locations: — China, Iran, North Korea, Russia, Guillermo, Russian, China

☆ Shadow AI in the 'dark corners' of work is becoming a big problem for companies
▼ + stars: | 2024-02-07 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

Known as shadow AI, this is the AI usage within a company that occurs "in dark corners," said Jay Upchurch, CIO of data analytics platform SAS. Shadow IT is nothing new, and shadow AI is the latest iteration of the phenomenon. The problem is that shadow AI is more complex, and more dangerous, than shadow IT was in the past. Remote users and cloud-based concernsEducation on the risks of shadow AI and the best ways to procure approval help, but they only go so far. Ultimately, Upchurch emphasizes that while shadow AI is very real, so is AI itself.

Persons: Jay Upchurch, Tim Morris, Tanium, Ameer Karim, Morris, Mike Scott, CISO, Scott, Karim, Upchurch, it's Organizations: SAS, Companies, Samsung, Microsoft

☆ Ex-OpenAI director Reid Hoffman says we still don't 'fully know' why board forced out Altman
▼ + stars: | 2023-12-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Three weeks after OpenAI's board briefly pushed out CEO Sam Altman without providing a specific reason for its decision, former director Reid Hoffman says he's still puzzled by what took place and why. He stepped down from OpenAI's board in March and said he hasn't spoken with any of the board members, though he said he did communicate with Altman. Microsoft CEO Satya Nadella offered to hire Altman, OpenAI president Greg Brockman and their colleagues in a new advanced AI research group. "I do think that we're in a much better place in the world" to have Altman in the CEO seat again, Hoffman said. WATCH: Sam Altman returns as OpenAI CEO and Microsoft secures nonvoting board seat

Persons: Sam Altman, Reid Hoffman, he's, Hoffman, Altman, OpenAI, Ilya Sutskever, Altman wasn't, Helen Toner, Adam Selipsky, Microsoft's, Satya Nadella, Greg Brockman, quickliy, isn't Organizations: LinkedIn, Bloomberg, New York Times, Reuters, Yorker, Microsoft, Benz Locations: San Francisco, Las Vegas

☆ With OpenAI's future in limbo, its startup customers are looking to jump ship to other AI models offered by rivals Anthropic and Meta
▼ + stars: | 2023-11-21 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

With Sam Altman's potential return to OpenAI still in question, one group is also left with a lot of uncertainty: OpenAI's startup customers. Those apprehensions were further worsened Monday, when over 700 of OpenAI's employees threatened to resign if he wasn't reinstated. This story is available exclusively to Business Insider subscribers. Several startup founders told Business Insider that they were considering switching to an open source model like Meta's Llama 2, or Anthropic's Claude. Still, several customers like Takeoff AI founder McKay Wrigley are switching to Microsoft's Azure service, which sells copies of OpenAI's models and other models.

Persons: Sam Altman's, OpenAI, Altman, wasn't, Claude, James Blackwell, McKay Wrigley, Sam Altman, Greg Brockman, Morgan Stanley, Wrigley, Charlie Dolan, he's, Anthropic, Guillermo Rauch, Matt McIlwain, We've, McIlwain, Alistair Barr Organizations: Business, Google, Services, Microsoft, OpenAI, Bank Locations: Anthropic

☆ Microsoft introduces its own chips for AI, with eye on cost
▼ + stars: | 2023-11-15 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

Microsoft said it does not plan to sell the chips but instead will use them to power its own subscription software offerings and as part of its Azure cloud computing service. Microsoft and other tech giants such as Alphabet are grappling with the high cost of delivering AI services, which can be 10 times greater than for traditional services such as search engines. The Maia chip, they said, is optimized for that work. Microsoft also said that next year it will offer its Azure customers cloud services that run on the newest flagship chips from Nvidia (NVDA.O) and Advanced Micro Devices. He said the Maia chip would allow Microsoft to sell AI services in the cloud until personal computers and phones are powerful enough to handle them.

Persons: Maia, OpenAI, Scott Guthrie, Ben Bajarin, Bajarin, Microsoft's Guthrie, Guthrie, Rani Borkar, Borkar, Stephen Nellis, Edmund Klamann Organizations: Reuters, Microsoft, REUTERS Acquire, Wednesday, Ignite, Nvidia, Devices, Amazon Web Services, Arm Holdings, Amazon, Taiwan Semiconductor Manufacturing, Thomson Locations: Redmond , Washington, Seattle, San Francisco

☆ Microsoft briefly restricted employee access to OpenAI's ChatGPT, citing security concerns
▼ + stars: | 2023-11-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. OpenAI CEO Sam Altman delivered the keynote address at the first ever Open AI DevDay conference. Having been trained on extensive internet data, ChatGPT composes human-like responses to people's chat messages. Earlier this week, CEO Satya Nadella appeared onstage alongside OpenAI's Sam Altman at the startup's first developer conference. Altman wrote in a post on X late Thursday that, "the rumors that we are blocking microsoft 365 in retaliation are completely unfounded."

Persons: Satya Nadella, Sam Altman, didn't, ChatGPT, OpenAI's Sam Altman, Altman, he's Organizations: Microsoft, CNBC, microsoft Locations: San Francisco , California, OpenAI, Sudan, Israel

☆ Microsoft's AI boost helped cloud business outpace rivals Amazon and Google in latest quarter
▼ + stars: | 2023-10-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

That's faster than Google Cloud's 22% growth and more than double the pace of expansion at Amazon Web Services, which reported 12% growth. "Today more than half of all funded generative AI startups are Google cloud customers," Alphabet CEO Sundar Pichai said on the company's earnings call Tuesday. "Our generative AI business is growing very, very quickly," Jassy said. Jassy said companies including Adidas, Booking.com , Merck and United Airlines are building generative AI apps in AWS. Still, Amazon was behind Microsoft in releasing a tool for deploying generative AI.

Persons: Satya Nadella, Mark Moerdler, Sundar Pichai, Andy Jassy, Jassy, Brian Olsavsky, Jefferies, Brent Thill Organizations: Microsoft, Google, Amazon Web Services, AWS, Bernstein Research, Adidas, Booking.com, Merck, United Airlines, OpenAI Service, Oracle, Skanska, Starbucks, Amazon Locations: OpenAI, Maersk

REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsAug 28 (Reuters) - Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft (MSFT.O) offer to customers. ChatGPT Enterprise offers more security, privacy and higher-speed access to OpenAI’s technology, the company said. With the launch of ChatGPT Enterprise, OpenAI hopes employers will feel comfortable embracing ChatGPT usage at work. Microsoft already offers businesses access to ChatGPT via its Azure OpenAI Service, though in order to use it businesses must be a customer of Azure, Microsoft’s cloud computing platform. ChatGPT Enterprise subscribers need not subscribe to Azure, OpenAI said.

Persons: Dado Ruvic, OpenAI, Carlyle, Estee Lauder, Anna Tong, Chris Reese, Marguerita Choy Organizations: REUTERS, Microsoft, ChatGPT Enterprise, Estee Lauder Companies, Reuters, OpenAI, ChatGPT, Thomson Locations: U.S, San Francisco

☆ Morgan Stanley says these firms already know how much money they can make from generative A.I. — and they’re not just tech
▼ + stars: | 2023-08-16 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

Analysts at Morgan Stanley named companies that have quantified how much money they can make — or save — from using generative artificial intelligence (AI). While firms like Alphabet , Meta and Microsoft are on Morgan Stanley's list, non-tech companies are also financially benefiting from using generative AI, the bank said. Here's what some of the reporting companies said about how much they're making or saving by using AI or generative AI, according to Morgan Stanley's note. Alphabet said: "Our new generative AI offerings are expanding our total addressable market and winning new customers. We noted 47 quotes from management teams at 2Q23 relating to productivity gains or efficiency in employee training," Morgan Stanley said.

Persons: Morgan Stanley, Morgan, Edward Stanley, Morgan Stanley's, Meta, Intesa Sanpaolo, Comstock, Bruker Organizations: Microsoft, Energy, Health Care, OpenAI, Ceridian, Pharma, AstraZeneca Locations: Swiss

☆ Big Tech Rebounds and Preps for Transformative A.I. Investments
▼ + stars: | 2023-08-05 | by ( Tripp Mickle | More About Tripp Mickle | ) www.nytimes.com time to read: +1 min

In a call with investors on Thursday, Andy Jassy, Amazon’s chief executive, said work on generative A.I. And during recent calls with analysts, Google, Meta and Microsoft also said they would increase investments to support A.I. Generative A.I. The number of customers using Microsoft’s Azure OpenAI Service, a tool to build on the generative A.I. models developed by its partner OpenAI, has increased this year to more than 11,000, from 250.

Persons: Andy Jassy, Tim Cook, Stacy Rasgon, Bernstein, OpenAI, “ It’s, ”, Gavin Baker Organizations: Google, Meta, Microsoft, McKinsey, OpenAI, Management Locations: Boston

☆ Amazon cloud revenue rise 12%, topping analysts' estimates
▼ + stars: | 2023-08-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Amazon said Thursday that revenue from its cloud unit increased 12% year over year in the second quarter, a speedier pace than analysts had predicted. Revenue for the quarter came to $22.1 billion, beating the $21.79 billon consensus among analysts surveyed by StreetAccount. AWS operating income has now declined for three consecutive quarters. Google and Microsoft are also moving quickly to make money as companies look to take advantage of generative AI following the rise of startup OpenAI's ChatGPT chatbot. AWS CEO Adam Selipsky told CNBC in June that the generative AI "race" has just started.

Persons: Gartner, Adam Selipsky Organizations: Amazon, Revenue, StreetAccount, StreetAccount . Revenue, Amazon Web Services, AWS, Microsoft, Center, Google, OpenAI Service, CNBC Locations: StreetAccount .

☆ Microsoft could soar 22% and will top a $3 trillion valuation as it's best positioned to monetize generative AI, Morgan Stanley says
▼ + stars: | 2023-07-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Microsoft stock is poised to top a $3 trillion valuation in early 2024 as it is best positioned to monetize generative AI, according to Morgan Stanley. "Microsoft likely emerges as an early 'Picks and Shovels' beneficiary" of generative AI, Morgan Stanley said. The bank called Microsoft stock a "Top Pick" and said it has 22% upside potential from current levels thanks to its "pole position" in the generative AI race that should help it quickly monetize the growing trend. And investors should see the impact of AI on Microsoft's financials sooner rather than later as increased datasets flow into bigger revenues for Microsoft's Azure cloud service. And although Microsoft's stock is up about 40% year-to-date, its valuation isn't stretched based on historical averages, "despite the unrivaled Generative AI positioning," Weiss concluded.

Persons: Morgan Stanley, —, Morgan Stanley's Keith Weiss, Weiss Organizations: Microsoft, Service, Apple, OpenAI Locations: OpenAI

Morgan Stanley raised its Microsoft stock outlook to the highest on Wall Street, implying the company once famous for Windows software will climb above a market value of $3 trillion because of artificial intelligence. The generative AI boom has already helped propel Microsoft's stock by almost 41% year to date — and Morgan Stanley's new price target implies it will climb another 23% over the next 12 months. Weiss raised his price target on Microsoft by 24%, to $415 from $335. Morgan Stanley called Microsoft its top pick among large-cap software stocks on account of the company's strong positioning in the generative AI boom. MSFT YTD mountain Microsoft stock Weiss said Microsoft has taken a "leading position" providing the "picks and shovels" of the AI boom — large language models, data management and other technologies.

Persons: Morgan Stanley, —, Morgan, Keith Weiss, Weiss, FactSet, — CNBC's Michael Bloom Organizations: Microsoft, Windows, Software, OpenAI

☆ As Businesses Clamor for Workplace A.I., Tech Companies Rush to Provide It
▼ + stars: | 2023-07-05 | by ( Yiwen Lu | ) www.nytimes.com time to read: +1 min

It seemed to be a game-changer, Mr. Austin said. So in January, AT&T tried a product from Microsoft called Azure OpenAI Services that lets businesses build their own A.I.-powered chatbots. AT&T used it to create a proprietary A.I. assistant, Ask AT&T, which helps its developers automate their coding process. “Once they realize what it can do, they love it,” Mr. Austin said.

Persons: Mark Austin, ChatGPT, Austin, ” Mr Organizations: Microsoft, OpenAI Services

☆ Microsoft to offer OpenAI's GPT models to government cloud customers
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike BlakeJune 7 (Reuters) - Microsoft Corp (MSFT.O) is bringing the powerful language-producing models from OpenAI to U.S. federal agencies using its Azure cloud service, it said in a blog post on Wednesday. The Redmond, Washington-based company has added support for large language models (LLMs) powering GPT-4 the latest and the most sophisticated of the LLMs from OpenAI, and GPT-3, to Azure Government. Microsoft generally offers it to Azure commercial cloud users through Azure OpenAI Services, which had 4,500 customers as of May. Microsoft said government customers can adapt the language models for specific tasks including content generation, language-to-code translation and summarization.

Persons: Mike Blake, Yuvraj Malik, Samrhitha, Maju Samuel Organizations: Microsoft, Microsoft Theatre, REUTERS, Microsoft Corp, Government, OpenAI, Thomson Locations: Los Angeles , California, U.S, Redmond, Washington, OpenAI, Bengaluru

Now, with AI booming in popularity, revenue growth rates in the sector are poised to bottom — ultimately allowing for an inevitable bounce. The scope of these cloud developments goes beyond Amazon, Alphabet and Microsoft, touching on other names inside and outside the portfolio. It comes as macroeconomic headwinds have led many enterprises to rein in spending, translating into slower revenue growth for all three cloud-computing units. Alphabet's Google Cloud sales grew 28% year-over-year to $7.45 billion in the three months ended March 31 , compared with 44% in the first quarter of 2022. Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019.

Persons: There's, Salesforce, OpenAI, Embeddings, Amazon Piper Sandler, Piper Sandler, AMZN, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Michael Short Organizations: Big Tech, Microsoft, Club, Nvidia, Web Services, Google, Clinic, Mayo Clinic, U.S, OpenAI, Government, Department of Defense, Department of Energy, Defense Department, Defense Technical, Bloomberg, CNBC, Google LLC, Getty Locations: San Francisco , California, U.S

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