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AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)

submitted 9 months ago by stopthatgirl7@kbin.social to c/technology@lemmy.world

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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] realharo@lemm.ee 15 points 9 months ago (1 children)

not having its AI efforts actually change product usage

Are you ignoring Github Copilot?

[–] archomrade@midwest.social 16 points 9 months ago (1 children)

Microsoft's performance was actually strongest in their Azure services in their earnings report, and I can't think of any AI products tied directly to that part of their business

Although to be fair, their big push now is baking copilot directly into Windows 12, so it would be fair to think their long term outlook is tied to that service

[–] RippleEffect@lemm.ee 1 points 9 months ago

Didn't they already bake it into 11? I'm not caught up with 12 having only recently gotten 11 but dang.