Tech execs are telling investors they have to spend money to make money on AI
Publishing timestamp: 2024-02-02 16:35:54
Summary
The article discusses how artificial intelligence (AI) is a dominant theme in tech earnings calls. Tech executives are prioritizing AI models that can be customized by clients and AI "agents" that enhance productivity. The article mentions the AI investments and strategies of Microsoft, Meta, Alphabet, Amazon, and Apple. It also emphasizes the importance of AI models-as-a-service and the development of AI agents for completing tasks. The article concludes by mentioning the potential revenue generation and future advancements in AI.
Sentiment: MIXED
Tickers: AAPL, GOOGL, SNAP, MSFT, W, ABNB, META, AMZN, SPOT, PFE, GE, NVDA,
Keywords: generative ai, alphabet inc, snap inc, nvidia corp, pfizer inc, tim cook, spotify technology sa, airbnb inc, sundar pichai, breaking news: technology, artificial intelligence, general electric co, mark zuckerberg, technology, microsoft corp, satya nadella, business news, wayfair inc,
Source: https://www.cnbc.com/2024/02/02/techs-new-ai-game-plan-spend-money-to-make-money.html