Big Tech booms even as lockdown living wanesPowerhouses Facebook, Apple, Microsoft and Google parent Alphabet all reported higher second-quarter 2021 revenues even as they face heightened scrutiny from antitrust regulators for their growing dominance of key economic sectors. SAN FRANCISCO: Big Tech goliaths like Facebook and Amazon unveiled whopping profits this week, showing their dominance in lockdown lifestyles is on course to grow well beyond the pandemic. Regulators' wary gazeAlphabet chief executive Sundar Pichai credited long-term investments in artificial intelligence and cloud computing as powering the internet giant's performance. Google's cloud computing business competes with powerhouses Amazon and Microsoft, poising them to vie for virtual terrain in an immersive online world. Microsoft this week reported a jump in profits in the recently ended quarter, keeping strong momentum from accelerated gains in cloud computing during the pandemic.

Source: Bangkok Post July 30, 2021 01:41 UTC