Microsoft and Google fail to show at the AI party

A ChatGPT app — an artificial intelligence chatbot developed by OpenAI and launched in November 2022.

Artificial intelligence is the buzziest of buzz words for analysts. Apart, that is, for the two firms that are seen to be at the cutting edge of the technology.

While the likes of Nvidia and lesser-known AI plays have soared on the back of excitement over the potential boost to their business, Microsoft and Google parent Alphabet have underperformed this year.