Reported about 1 month ago
As Big Tech wraps up its earnings season, AI continues to shine despite some disappointing reports from major companies like Microsoft, Meta, Google, and Apple. Analysts suggest that the long-term growth story of AI remains intact, with significant investments planned in the sector. Microsoft reported a missed target in cloud revenue, while Meta is heavily investing in AI development. Google's cloud revenue also fell short, but the company plans an increase in its AI investment for better growth prospects. Meanwhile, Apple's iPhone sales lagged, prompting calls for broader language support in its AI platform. Overall, while individual earnings may fluctuate, the focus remains on AI's promising future.
Source: YAHOO