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373 Big Tech Shareholders Play the Waiting Game on AI Returns

The Information
Kevin McLaughlin @ The Information 3 place · 10/31/2024 09:00 EDT

Will Microsoft, Google and Meta's outsize investments in artificial intelligence produce outsize profits? Perhaps, but shareholders realized this week they'll have to wait longer to find out.

September quarter reports from several big tech companies showed that while their business and consumer customers spent more on conversational AI services such as ChatGPT in the third quarter, it's far from going gangbusters. And what growth is being achieved may be offset by slower spending elsewhere, limiting the ov

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