Microsoft, Google earnings shine as AI drives revenue [Video]

Google and Alphabet Inc. CEO Sundar Pichai says the internet giant is well position for an artificial intelligence era with technology it is building into its platform and services.Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFPSource: AFP

Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live.

The results were cheered by Wall Street investors who pushed up Alphabet’s share price more than 11 percent and Microsoft shares up nearly 4 percent in after-market trades.

Google parent Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising.

Artificial intelligence helped drive the Silicon Valley tech giant’s business, according to Alphabet and Google chief Sundar Pichai.

“We are well under way with our Gemini era and there’s great momentum across the company,” Pichai said, referring to the Gemini AI …