Is tech's AI spending working?
Alphabet reported strong financial results driven by growth in its cloud computing unit and consumer AI services, signaling a return on its AI investments, while Meta struggled to demonstrate similar progress despite increasing its capital spending. Amazon and Microsoft also showed signs of AI-driven growth, particularly in their cloud divisions, though Microsoft faces challenges in widely adopting its paid Copilot AI features. Alphabet's positive reception contrasted with Meta's share decline, highlighting varying degrees of success among major tech firms in monetizing AI advancements.
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Alphabet CEO Sundar Pichai. (Photographer: David Paul Morris/Bloomberg) By Dina Bass April 29, 2026 11:05 PM PT Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in artificial intelligence. The upshot: Alphabet Inc.’s Google is seeing a clear payoff from its AI spending, while Meta Platforms Inc. is lagging behind.The two companies’ results were part of a flood of financial information on Wednesday, when Alphabet, Meta, Amazon.com Inc. and Microsoft Corp. all delivered their numbers within the span of two minutes.
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