Microsoft is No. 1 in Selling Cloud-based AI services

2.2 B    

A study from Razorfish reveals that access to the internet has been speed by Gen Alpha consumers at a higher rate than previous generations. Cohort is expected to reach 2.2 billion by 2024 who are committed to purpose, gaming and technology than Gen Z. 

11%  

As per Meta earnings statement, the Platforms saw revenue up 11% YOY in the Q2. The social media giant predictions for Q3 the revenue growth would be between $32 billion to $34.5 billion. As per Meta, many of the advertisers use Reels ads, and the annual revenue run rate for Reels increased by $10 billion, up from $3 billion from prior year. 

6.1%  

A new study by Skai stated that advertisers spending for the two-day event from Amazon Prime Day sales rose by 409% compared to the previous 30 days. During sales day, online U.S. sales jumped 6.1% to $12.7 billion and worldwide, the e-commerce giant sold 375 million items. 

$428.1 B  

As per eMarketers forecast US retail ecommerce sales from smartphones hit $428.1 billion, up 16.7% from the previous year. In the next four years, this number will increase to $793.0 billion. One-third of US shoppers say that finding, redeeming coupons or deals is the top reason they are opting for a retailer’s mobile app in-store. 

79%  

Research reveals that sales and customer service professionals across different industries, are adopting AI. 76% say that they did not use AI but are willing to use it now after usage of ChatGPT.  79% of them are using AI tools at work have brought a positive impact. 70% say AI will not steal their job and 84% believe that AI tools are important in the growth of their company. 

6%

As per Pinterest's Q2 earning report, the company has seen 6% growth in its sales YOY, while net losses narrowed by 19% to $35 million. The company said that total costs and expenses were $781 million during Q2, an 11% rise of $700 million recorded in the previous year during the same period. 

26%

Microsoft CEO Satya Nadella said that the company is anticipating 25% to 26% Azure cloud growth in the current quarter and 2% points will be derived from AI. Microsoft has been the No. 1 position in selling cloud-based AI services.