The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis The Picks and Shovels Businesses Quietly Driving the AI Build Out
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Aug 1, 2024 Dive into the hidden backbone of the AI boom, spotlighting the companies that provide crucial infrastructure. From data centers to innovative cooling solutions, these businesses are essential for AI’s future. The conversation also touches on how Wall Street may overlook these ‘picks and shovels’ in the AI narrative. Plus, unravel the potential job impacts of generative AI and how major brands like Taco Bell are reshaping operations, all while raising important ethical questions about privacy and surveillance.
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AI Valuations and Market Dynamics
- Wall Street struggles to price future value in current stocks, creating uncertainty around AI valuations.
- This uncertainty is less about AI's potential and more about market dynamics.
Microsoft vs. Meta: AI's Impact on Earnings
- Microsoft's mixed earnings report showed AI increasing in Azure, but not meeting revenue estimates.
- Meta, conversely, demonstrated AI's positive impact on advertising revenue.
The Power Demands of AI
- Data centers require significant power, and AI's increasing power demands present infrastructure challenges.
- Goldman Sachs predicts a substantial investment need for power grids to support AI's growth.