Tuesday, April 16, 2024
Latest News
Monorail services disrupted for hours due to guiding wheel tire burst | Mumbai News This start up is making comfortable 'homes' for Moon and Mars colonization Paris Games: France’s Macron calls on China to help with 3-week ‘Olympic truce’ as Russia, Israel divide world opinion Watch: Avesh Khan grabs a one-handed blinder on his follow-through, takes Samson's glove and shows it to dressing room | Cricket News Evolution Equity Partners raises $1.1B for new cybersecurity and AI fund Second GOP lawmaker backs ousting House speaker, putting Johnson's job in peril Magnitude 2.8 earthquake reported in View Park-Windsor Hills 700 inmates get job in hotel industry, 1200 more to get employed soon: Tihar prisons chief | India News Is Aadhaar mandatory for investment in small savings schemes such as Senior Citizen Savings Scheme, PPF, NSC, Sukanya Samriddhi Yojana? | Business WhatsApp introduces 'Recent Online Contacts' feature: What is this and how to use it NASA's plan to bring Mars samples to Earth undergoes revision due to budget cuts Election Commission Of India: 48.76cr Drugs, 19.27cr Liquor Seized From Mar 1 To Apr 13 | Guwahati News China’s GDP growth beat expectations – so why are analysts and business groups still downbeat? US, Chinese defence chiefs talk for first time in more than two years Samsung has good news for Galaxy S22 users: OneUI 6.1 update to bring latest Galaxy AI features and more Copenhagen’s Old Stock Exchange Building Partly Collapses in Fire Former UK leader Liz Truss backs Trump and blames others for her ouster after 49 days Biden under fire for shutting down US oil production, urged to impose sanctions on Venezuela Possession Of Ganja: Two Youths Held For Possession Of Ganja, Luxury Car Seized | Coimbatore News CBDT signs record number of 125 Advance Pricing Agreements in fiscal 2023-24 Gay cruising hotspot or sacred Hong Kong wishing tree? It is both in this art exhibition by Trevor Yeung SCMP Best Bets: Beast can scare off rivals at Happy Valley | HK Racing Justice Thomas returns to Supreme Court after 1-day absence 404 | Fox News 'I can feel Begunia residents' support for Congress, my family' | Bhubaneswar News Rumoured couple Sonakshi Sinha and Zaheer Iqbal's relationship decoded by body language expert China’s top diplomat Wang Yi to push belt and road during visits to Indonesia, Cambodia and Papua New Guinea Luck finally eludes Shreyas Iyer! KKR skipper loses toss against RR despite kissing coin before flipping | Cricket News Electric vehicles: China’s Chery Automobile enters UK’s car rental business as its Omoda EVs are leased out by Octopus A London court rules against a Muslim girl who wanted to pray at a school known for strict rules
HomeTechUS making huge bets on AI transforming businesses

US making huge bets on AI transforming businesses


Hype or not, the potential of AI has tech companies enamored, and businesses large and small have begun betting heavily on efforts that leverage AI in some fashion to spur their growth to new heights.

These wagers have come in many forms. Firms like PwC and Accenture have promised to spend heavily on the sector, while others are creating new AI-focused capital pools and directly investing in AI-focused startups. A large number of tech companies today are also tapping their operating cash flow to add AI to their existing products and services.

There’s an all-out race to leverage AI to add more utility and value to products, and to reap a portion of the resulting demand in AI-powered products and services.

It appears this sector is resilient to the broader macroeconomic headwinds that have been affecting deal-making and fundraising in the tech world. If trends in deal-making continue, this year could go on to see the third-highest number of deals completed by AI startups in the expansion stage, according to Deloitte’s latest Road to Next report.

Investors are paying attention, too, and nearly every tech company’s quarterly results conference call has been full of analysts asking how the company in question will find growth or operating leverage with AI-related tooling.

TechCrunch wrote earlier this year that a tech company’s AI posture was among the most important measures of their present worth. That has only become more true since.

This afternoon, we’re sorting through major promises, investments and some product news to underscore how broad the AI push has been in the larger enterprise software space.

Is the current AI boom a startup story? Yes. It is a Big Tech story? Yes. Are we seeing an entirely new generation of software being built and sold? Yes. Let’s get our heads around just how broad the AI moment truly is.

Big checks, big bets

Today, it seems nearly pedestrian that Microsoft in 2019 put $1 billion into OpenAI for licensing its tech and built a custom supercomputer in the Azure cloud. The figure was later dwarfed by $10 billion arrangement between the companies, but Redmond did help set the tone for how much capital was going to flow — and perhaps how much the sector would need — into AI-related work.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Latest News