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Tech's new business model: 'Do more with less' - TL;DR CNBC

Tech's new business model: 'Do more with less'

Publishing timestamp: 2023-05-11 21:17:48


Summary

Tech companies are focusing on doing more with less in their first-quarter earnings calls, with increased investment in AI and cloud infrastructure. Cost cuts and reallocation of spending are key themes, with a focus on efficiency and productivity. Major tech companies are making it clear that customers will be conservative with spending in the near future.


Sentiment: MIXED

Tickers: GOOGLAMZNMSFTMETATTDAAPL

Keywords: satya nadellasundar pichaiapple incearnings reportstechnologybreaking news: technologycloud computingmark zuckerbergalphabet incearnings outlookearningsmeta platforms incamazon.com incbusiness newsearnings announcementstim cookcomputer hardwareamazon web servicesartificial intelligencetrade desk incmicrosoft corp

Source: https://www.cnbc.com/2023/05/11/techs-new-business-model-do-more-with-less-.html


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