Big Tech Shareholders Play The Waiting Game On AI Returns
The scale of capex by the big us tech companies — microsoft, alphabet, amazon, apple and meta — is staggering as they all heap their poker chips on their conviction that ai is. Big tech shares fell in premarket trading on thursday, highlighting the challenges the companies face as they seek to balance ambitious ai pursuits with the need to reassure. Satya nadella, the company's chairman and ceo, said on the call that microsoft's ai business is on track to top an annual revenue run rate of $10 billion next quarter. 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.