Analysts weigh AI ahead of Big Tech earnings announcements

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Big Tech will be revealing quarterly results over the next two weeks, and investigators are eagerly awaiting results to see if predicted growth thanks to AI investments materialises.

Analysts forecast double-digit growth for heavyweights Microsoft and Google, in contrast to Apple, a latecomer to the AI party, with only three percent growth expected. / Photo: AP Archive

The iPhone maker, which releases its results on August 1, unveiled its new Apple Intelligence system only last month and plans to roll it out gradually over the next months, and only on the latest models. But"if there's one that we were maybe a little bit more concerned about, versus the others, it would be Meta," he said.

Microsoft is among the best positioned to monetise generative AI, having moved the fastest to implement it across all its products, and pouring $13 billion into OpenAI, the startup stalwart behind ChatGPT. As for Amazon,"investors will want to see that the reacceleration of growth over the first quarter wasn’t a one-off" at AWS, the company's world-leading cloud business, said Matt Britzman of Hargreaves Lansdown.

 

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