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[TECHCRUNCH] As Databricks touts demand for AI services, all eyes are on Microsoft and Alphabet’s Q3 results (techcrunch.com)

submitted 1 year ago by irradiated@radiation.party to c/technews@radiation.party

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[–] autotldr@lemmings.world 1 points 1 year ago

This is the best summary I could come up with:

And we can’t wait to find out if these companies will report a material improvement from their investments in AI-related computing tasks and products.

You see, there’s a big difference between customers being excited about a new technology and that tech actually bringing in gobs of revenue.

We’re hoping to find out how quickly some of the largest and richest tech companies are able to convert this market interest around AI to revenue.

Big tech’s ability to sell AI-powered tools and services will tell us pretty clearly just how ready the tech-buying market is to spend on new software.

For startups, then, a solid result from Microsoft and Alphabet on the AI front would be great news.

On the other hand, yet another quarter of big tech companies spending heavily on infrastructure paired with discussions of future revenue would be less bullish.

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