Amazon, Google, and Microsoft are seeing unprecedented gains in cloud, thanks to AI

The article reports that Amazon, Google and Microsoft’s recent quarterly results show AI-driven cloud demand is materially boosting revenue. Microsoft Azure grew ~40% y/y, Google Cloud rose 63% y/y and AWS revenue increased about 28% y/y, with AWS recording its best growth since 2022 as customers like OpenAI and Anthropic choose it for AI workloads. The piece argues rising capex for AI infrastructure is being justified by stronger revenue and backlog, and frames the results as a validation of heavy AI investment that supports continued spending and competitive positioning among the big three cloud providers.