Google and Microsoft Just Proved the AI Trade Is Alive—While OpenAI Is Sweating
In brief Google Cloud hit $20.03 billion in Q1 2026—up 63% year-over-year—while Microsoft’s AI business surpassed a $37 billion annual revenue run rate, up 123% year-over-year. Alphabet’s total Q1 revenue reached $109.9 billion, its fastest growth rate since 2022; Microsoft posted $82.9 billion in revenue, up 18%. OpenAI missed its own internal revenue and user…