Over the past several days, many tech companies have released their earnings reports. These included Amazon, Apple, Meta, Google and Microsoft. One common factor in the earnings reports was that the firms intended to keep injecting huge sums of money into their AI plans. We discuss the key takeaways that those earnings reports brought to light.

Similarly, Google revealed that monthly users of its AI chatbot Gemini had tripled to 950 million in just one year. This illustrates the huge appetite for new technology. It remains to be seen how Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), the parent company of Google, will capitalize on this growing user base to generate ongoing revenue that justifies the exploding…

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