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Google Cloud, Microsoft AI Revenue Jump as OpenAI Misses Internal Targets

2026-04-29 22:20:53

Alphabet said Google Cloud revenue reached $20.03 billion in Q1 2026, up 63% year over year. Microsoft said its AI business surpassed a $37 billion annual revenue run rate, up 123% year over year. The results came as OpenAI reportedly missed internal revenue and user targets, raising concerns about funding future compute contracts.

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