In recent cloud technology news, tech executives are exploring ways to finance massive generative AI bills, with a third planning to reallocate funds from other IT projects. The UK's Competition and Markets Authority is investigating egress fees in the cloud services market. Microsoft reported its strongest sales increase in six quarters at $56.5 billion, while Google Cloud missed revenue expectations by $230 million. OpenAI is considering making its own AI chips to address the chip shortage, and AWS introduced a new European Sovereign Cloud service for customers with strict data residency requirements.