Microsoft and Google's parent company report increased sales and profits for the three months ending December. Generative AI, which both companies are competing to develop, is boosting business results.

Microsoft is working with OpenAI, a venture company that develops ChatGPT, to introduce it into basic computer software as "Copilot" Google has also announced "Gemini," a new technology that operates generative AI by simultaneously understanding text, images, and audio. The two companies are fiercely competing in the development of generativeAI.