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Malaysia to mourn Ismail Haniyeh’s death with Palestine at Bukit Jalil rally this Sunday, govt rep in Qatar for his funeralPortl inventor David Nussbaum poses for a photo next to an AI-powered life-size hologram of himself in California, USA on August 3, 2020. — Reuters picSAN FRANCISCO, Aug 2 — US tech giants saw their shares fluctuate this week as investors tried to gauge whether artificial intelligence will fill coffers or drain them.
Revenue at the AWS cloud computing unit grew, but the e-commerce giant's sales of US$148 billion fell just shy of lofty market expectations, and shares dove in after-market trades.Retail, ads and cloud computing are considered Amazon's financial pillars. “We remain very bullish on the medium to long term impact of AI in every business we know and can imagine,” Amazon chief executive Andy Jassy said on an earnings call.
“Apple Intelligence builds on years of innovation and investment in AI and machine learning,” Cook said on an earnings call.Apple has been under pressure to win over doubters on its artificial intelligence strategy after Microsoft and Google rolled out products in swift succession.