The article discusses the potential impact of artificial intelligence (AI) on the earnings of major tech companies like Meta, Microsoft, and Google. According to investors, these companies are expected to see a significant boost in their earnings from AI-related products and services in 2024. The article highlights that while AI has been around for decades, recent advancements in areas like natural language processing and computer vision have made it more practical and commercially viable. Companies are investing heavily in AI research and development, with the goal of incorporating AI into their existing products and services, as well as creating new AI-powered offerings. Investors believe that AI will drive revenue growth and profitability for these tech giants, as they leverage their vast data resources and computing power to develop cutting-edge AI solutions. However, the article also notes that there are challenges and risks associated with AI, such as ethical concerns, regulatory scrutiny, and the need for significant upfront investments. Overall, the article suggests that the impact of AI on the earnings of major tech companies is expected to be substantial in the coming years, with 2024 being a pivotal year for realizing the financial benefits of their AI investments.
Source: https://www.businessinsider.com/big-tech-meta-microsoft-google-ai-earnings-investor-2024-7