Top US tech companies emphasize AI during earnings calls 

Silicon Valley’s race to dominate the Artificial Intelligence (AI) landscape is heating up, as the leaders of the United States’ largest tech companies emphasized their commitment to AI during their recent first-quarter earnings calls.

According to a report by Insider, Meta, Alphabet, Microsoft, and Amazon mentioned AI a whopping 168 times during their earnings calls.

The leaders of these tech companies are not only eager to inform their investors about their operations with AI, but they are also assertive about their AI investments for this year. 

The implication of the high mention of AI in their meetings shows how they will further integrate and invest in tech in their respective companies in the coming years.

Alphabet mentions AI more than others

The report shows that Alphabet, Google’s parent company, mentioned AI more than the other three tech companies, at 64 mentions. 

Alphabet’s CEO, Sundar Pichai, began the Google owner’s call by saying it has embedded “deep computer science and AI” in its product updates this year. 

Microsoft made 50 mentions of AI. The company is determined to invest in AI through its stake in OpenAI, the AI company behind the wildly popular ChatGPT chatbot. 

Furthermore, the company has doubled down on its vow to keep investing in it through its $10 billion stake in OpenAI. 

Meta referenced AI 47 times, while Meta’s CEO, Mark Zuckerberg, cited it 27 times. 

Zuckerberg, who is reportedly using AI to create visual creation tools for Instagram users, said its AI infrastructure had been a primary driver for elevated spending in recent years, and they will continue to invest in it as new models emerge. 

In contrast, Amazon officials mentioned AI only 7 times during their call. However, CEO Andy Jassy revealed that the company would develop language models used in chatbots, which would cost billions and take years to build. He emphasized that a small number of companies would want to invest in AI, and Amazon would be one of them.

Tech companies actively in AI race

The frequent mention of AI during these earnings calls suggests that these tech giants will continue to integrate AI into their operations and make significant investments in AI technologies in the coming years. This could potentially reshape the future of technology and its impact on society.

Jatssy added that going forward, a small number of companies will want to invest time and money in AI, and Amazon will be one of them.

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