Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

  • archomrade [he/him]@midwest.socialEnglish
    16·
    9 months ago

    Microsoft’s performance was actually strongest in their Azure services in their earnings report, and I can’t think of any AI products tied directly to that part of their business

    Although to be fair, their big push now is baking copilot directly into Windows 12, so it would be fair to think their long term outlook is tied to that service

    • RippleEffect@lemm.eeEnglish
      1·
      9 months ago

      Didn’t they already bake it into 11? I’m not caught up with 12 having only recently gotten 11 but dang.