In earnings reports this week, Alphabet, Microsoft, Amazon and Meta emphasized their hefty investments in A.I.
Pichai said on Tuesday's earnings call that the company was making "good progress" towards its AI goals.
Pichai said that in addition to using its own homegrown chips to power its models, it's using processors fromMicrosoftChona Kasinger | Bloomberg | Getty Imagessearch engine, Office, and Teams teleconferencing system.says that AI will eventually drive revenue growth and is already sparking increased uptake in the company's apps. Bing, for example, has seen downloads quadruple since Microsoft added a chatbot, he said.
Jassy said Amazon is building its own LLMs, and designing data-center chips for machine learning, emphasizing that the market is massive. "There will be a small number of companies that want to invest that time and money and we will be one of them at Amazon," Jassy said.Amazon Web Services division But he wanted investors to know that Meta can invest in metaverse technologies while simultaneously putting tons of resources into AI, which he called a "key theme" for his company.
He said the company would work on a variety of products using the technology, including chat experiences in WhatsApp and Facebook Messenger, tools for making images for posts on Facebook and Instagram, and eventually programs that could spit out entire videos from short descriptions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq Leads Stocks Higher After Strong Tech EarningsEarnings from Facebook owner Meta helped a market rally this week, but stock futures fell early Friday as Amazon’s shares slipped premarket WSJWhatsNow
Read more »
Nasdaq climbs as investors cheer Microsoft, Alphabet resultsThe tech-heavy Nasdaq advanced on Wednesday as strong Microsoft Corp results partially offset concerns over rising interest rates and their effect on the U.S. economy.
Read more »
Nasdaq climbs as investors cheer Microsoft, Alphabet results By Reuters⚠️BREAKING: *U.S. STOCKS END MOSTLY LOWER; NASDAQ CLIMBS AS INVESTORS CHEER MICROSOFT, ALPHABET RESULTS $DIA $SPY $QQQ $IWM $VIX $MSFT $GOOGL 🇺🇸🇺🇸
Read more »
Alphabet, Meta lure back advertisers as smaller rivals expected to struggleAdvertisers are sticking with safe havens Alphabet and Meta Platforms in an uncertain economy, their quarterly results showed, likely helping the tech giants take market share away from smaller digital ad sellers such as Snap Inc .
Read more »
Alphabet, Meta lure back advertisers as smaller rivals struggleAdvertisers are sticking with safe havens Alphabet and Meta Platforms in an uncertain economy, their quarterly results showed, likely helping the tech giants take market share away from smaller digital ad sellers such as Snap Inc .
Read more »
Nasdaq jumps after Microsoft earnings beat expectations: Live updatesBig Tech giants Microsoft and Alphabet posted quarterly results that surpassed the Street’s expectations.
Read more »