The artificial intelligence boom has positively impacted Alphabet's earnings, showcasing substantial growth in its Cloud and Search businesses, which surged by 35% and 12% respectively in Q3 2023. Google CEO Sundar Pichai attributed this success to the increasing customer adoption of generative AI. Concurrently, reports suggest Elon Musk's xAI is undergoing a funding round that could elevate its valuation to around $40 billion, following a previous $6 billion funding that valued the startup at $24 billion. The overall AI landscape appears vibrant, with OpenAI also securing a sizable investment that pushed its valuation to $157 billion. Following Alphabet’s strong earnings report, anticipation builds for upcoming financial disclosures from Meta and Microsoft, both expected to show growth fueled by AI-driven initiatives.

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