AI is finally resulting in real growth for big tech

AI is finally resulting in real growth for big tech

7 months ago
Anonymous $HYlO-3b458

https://techcrunch.com/2023/10/25/microsoft-alphabet-earnings-ai-analysis/

Generative AI technologies are being suffused into a host of software applications aimed at businesses and consumers alike, and the financial results of all that investment are starting to show up.

A close-reading of Alphabet and Microsoft’s third-quarter results shows that new AI tech is helping some of the world’s biggest companies grow their revenues. Even better, these companies are seeing AI growing in areas that are broad enough to indicate strong market demand for software that runs off generative AI. That’s good news for the plethora of startups building in the fast-expanding space.