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- 🤖 Google and Microsoft's Race for AI Dominance
🤖 Google and Microsoft's Race for AI Dominance
AND: Apple wants ChatGPT in iPhone?
Roni Rahman
April 30, 2024
Sponsored by
Welcome back, Human!
Both Alphabet (Google's parent company) and Microsoft showcased stellar quarterly earnings, revealing their ambitious bets on generative AI technology. But, who's leading the charge? Let’s dive in…
In today’s menu:
AI Statistics: AI Job Growth in Early 2024
Google and Microsoft's Race for AI Dominance
AI Course of the Day
AI Image of the Day
3 Trending Quick Hits
AI Job Growth in Early 2024
In the first quarter of 2024, three West Coast cities—San Jose, Seattle, and San Francisco—emerged as the leading AI hotspots in the country. Seattle alone saw nearly 3,000 new AI job postings. In San Jose, AI-related positions accounted for approximately 7.5% of all new jobs.
Source: UMD-LinkUp AIMaps/Axios
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Google and Microsoft's Race for AI Dominance
Alphabet and Microsoft, led by CEOs Sundar Pichai and Satya Nadella respectively, recently shared their earnings and strategies, showcasing their major plays in the generative AI market.
📊 Microsoft's Winning Streak:
Expanding User Base: GitHub Copilot's user count has surged to 1.8 million, reflecting strong adoption.
Corporate Adoption: 60% of Fortune 500 companies now use Microsoft’s AI for Office 365, and similar numbers utilize its Azure Cloud for generative AI access.
Revenue Growth: Cloud services revenue rose by 7%, supported by an 80% increase in $100 million deals and a doubling of $10 million deals.
🔍 Google’s Strategic Efforts:
Developer Adoption: Over 1 million developers harness Google Cloud's generative AI tools.
Startup Dominance: 60% of generative AI startups have chosen Google Cloud as their platform.
Advertising Advantage: Generative AI is enhancing Google’s ad campaigns, although detailed revenue impacts remain under wraps.
💰 Financial Highlights:
Investment in Infrastructure: Both giants are pouring funds into infrastructure, with Microsoft’s efforts showing quicker returns.
Google’s New Plans: Amidst these developments, Google has announced share buybacks and its first-ever dividend, signaling strong future prospects.
Sales Figures: Google’s overall sales have increased by 15%, while Microsoft has seen a 17% rise, indicating robust growth and market confidence.
Looking Ahead: Both leaders remain optimistic about monetizing AI tools. Microsoft currently shows a lead with tangible results and growing market share, whereas Google continues to invest and expand, betting on long-term gains.
Today’s Poll:
Who will dominate the AI space?Vote and find out about the result in the next edition. |
“Would you consider an AI partner?”
👍 A: Yes, why not?- 45.83%
👎 B: No, never! - 54.17%
The result was surprisingly close!
Readers opinions:
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You know deep down that this is AI, but you can't prove it.
Apple is discussing with OpenAI and Google to use their AI in upcoming iPhone features, aiming to introduce new generative AI at the Worldwide Developers Conference. They've shifted focus from internal chatbot development to external generative AI partnerships. Read more…
The Financial Times partners with OpenAI to license content and co-develop AI tools. They plan to integrate FT content in ChatGPT responses. This deepens their existing tech partnership, unlike The New York Times taking legal action against OpenAI for copyright issues. Read more…
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