this post was submitted on 01 Feb 2024
371 points (89.2% liked)

Technology

59612 readers
3667 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
371
AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)
submitted 9 months ago by [email protected] to c/technology
74 comments fedilink hide all child comments
 

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

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 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

[โ€“] [email protected] 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.