Microsoft's cloud revenue rose 22% to $38.9 billion, mostly driven by Azure's 33% growth, contributing to overall revenue reaching $65.6 billion.
CEO Satya Nadella stated, 'AI-driven transformation is changing work... we are expanding our opportunity and winning new customers' by leveraging AI platforms.
Google's cloud revenue also surged 34% to $11.3 billion, with CEO Sundar Pichai emphasizing the success of their AI investments and Gemini models.
Microsoft, Google, and Amazon are vying for cloud supremacy, recognizing that generative AI will be a key driver of growth in this market.
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