It's been a busy few weeks, with each of the tech behemoths reporting their earnings for the third quarter of the year. Here's a quick recap of the billions each one of them made:
The increases were driven by "meaningful growth in Search and YouTube, and momentum in Cloud," Alphabet CFO Ruth Porat said in a statement.
As with Google, Microsoft attributed a momentum in cloud computing as a catalyst for the increased sales.
Meanwhile, over at Mark Zuckerberg's Meta, the Menlo Park, Calif.-based social media giant had an eye popping
Despite raking in billions, each of these companies
Google ranked #6 on HackerNoon's Tech Company Rankings this week. Microsoft ranked #8 while Meta was on the #24 spot.
Amazon, Google's Plan to Beat ChatGPT: Invest in Its Competitor ⛲
It looks like Google is partnering with Amazon in funding a startup that promises to compete head to head with Microsoft-backed OpenAI's ChatGPT.
We are, of course, talking about Anthropic, the San Francisco-based generative AI startup that received an inflow of $1.25 billion from Amazon last month with promises of another cool $2.75 billion.
Well, Anthropic is now
The combined $6 billion from Amazon and Google, while nothing to scoff at, is still less than half the $13 billion Microsoft has reportedly
What's also interesting is the fact that, as opposed to OpenAI, Anthropic has garnered interest from two major tech giants who compete against each other in the cloud space. It just might seem that companies that are lagging behind in the AI space are trying to play catchup and catch lightning in a bottle, similar to how Microsoft did with its investment in OpenAI.
Also, an interesting fact: Anthropic was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei.
Exciting times ahead!
👋 You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday.
In Other News.. 📰
- Resident Evil Village on the iPhone could be a preview of Apple’s gaming future — via
- Google CEO Sundar Pichai to testify in US antitrust trial — via
- Amazon’s Tye Brady discusses generative AI, humanoid robots and mobile manipulation — via
- A look back at Elon Musk’s first year owning Twitter, in tweets — via
- Fidelity has marked down the value of Twitter/X by 65% — via
- Biden unveils U.S. government’s first-ever AI executive order — via
And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️
— Sheharyar Khan, Editor, Business Tech @ HackerNoon
*All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's