The latest earnings reports from America’s top tech companies reveal that Silicon Valley is going all-in on artificial intelligence, sometimes in spite of users’ concerns.
Financials from Meta, Microsoft, and Google released Wednesday show that all three companies beat experts’ earnings and revenue expectations. On earnings calls, all three companies pointed to increased AI investment, and increased spending in general. Google parent company Alphabet raised spending by about 7% for the year, Microsoft discussed spending above their original goal of 42% this year, and Meta discussed aggressive and substantial investment, but did not provide a specific number.
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