Tech Giants See AI Bets Starting to Pay Off
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Tech Giants Reap Benefits from AI Investments #
Major technology companies have started seeing returns from the substantial investments made in the artificial intelligence sector. The venture has begun to yield significant financial benefits, with companies hinting at further investments on the horizon.
In the recent quarter, revenue from the cloud divisions of major tech firms reached a total of $62.9 billion. This marks an increase of 22.2% compared to the same period the previous year and represents the fourth consecutive quarter of growing combined growth rates in this domain.