Microsoft and Google have managed to convince investors of the expediency of investing in artificial intelligence. A day earlier, Meta’s statements caused a wave of concern among investors.

Meta reported that investments in artificial intelligence may not pay off as quickly as investors expect. Today, representatives of Microsoft and Google had to convince investors otherwise. They insisted that investing in artificial intelligence would definitely lead to increased profits.

As a result of successful negotiations in Frankfurt on Friday, shares of Alphabet, Google’s parent company, rose by more than 11%. In turn, Microsoft shares rose by almost 5%.

This is quite a contrast to the fact that Meta shares fell by 10% on Thursday. Such price fluctuations were caused by a statement from the company’s representatives, who said that the bet on artificial intelligence would pay off only over time.

On Thursday, Microsoft also reported that it made more profit than expected in the third quarter. This is due to the income from the introduction of artificial intelligence into cloud services. Also yesterday, Alphabet announced its first-ever dividend. The sum exceeded all expectations and Alphabet will buy back $70 billion worth of shares.