By Ece Yildirim
Publication Date: 2026-04-30 00:25:00
On Wednesday, Google reported its highest revenue growth rate in a single quarter in roughly four years. The tech giant’s revenue soared 20% in the first quarter of 2026 thanks in large part to the $20 billion in sales that the cloud computing unit in charge of its AI initiatives brought in.
The news is particularly huge considering that only a day ago, the AI industry was rocked with a Wall Street Journal report claiming that OpenAI had missed its own revenue and user targets because ChatGPT growth had slowed toward the end of last year. The revenue growth miss was reportedly bad enough to have CFO Sarah Friar worried about whether the AI giant could pay for its computing contracts. The reason, according to the report, was that Google’s Gemini had eaten into ChatGPT’s market share.
OpenAI is not a public company, so its financials are not made public and we can’t truly compare numbers, but as the creator of ChatGPT, OpenAI has enjoyed a leading position…
