Three things we learned about AI from Big Tech earnings
News Source : BBC News
News Summary
- Leaders of tech companies Meta, Amazon and Google all reported quarterly financial results in in recent days.
- One common thread emerged: they are all planning to continue spending massive amounts of money on artificial intelligence (AI) The reaction from investors was that they need to see more tangible results to show for the $1tn (£743bn) and growing, external investment in things like computer chips, data centres, and even technical staff.
- While each company operates in different sectors, their AI spending and plans showed they have a few other things in common as well.
AI tools may have not yet proven to be a consumer tech revolution on the scale of the internet or even electricity, external, as many tech executives have promised for years.
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