Tech Brew Ride Home Mon. 04/29 – AI Strategies
4 snips
Apr 29, 2024 Apple is ramping up its AI strategy with potential partnerships, looking to integrate new features into upcoming products like the iPad Pro. Meanwhile, investor confidence is soaring for companies like Google and Microsoft, while Meta faces skepticism over its AI spending. Apple users recently experienced account lockouts, prompting concerns over AI integration mishaps. The podcast also delves into the rising confusion on social media due to AI-generated content, questioning the authenticity of online interactions.
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Episode notes
AI Investment Strategies
- Investors reward AI spending when it aligns with existing profitable products.
- Meta's AI investments face skepticism due to lack of a clear profit path, unlike Microsoft and Alphabet.
Meta's AI Challenge
- Meta's lack of existing cloud infrastructure makes its AI ventures speculative for investors.
- Wall Street's nervousness echoes the dot-com bubble's overspending on infrastructure.
Massive AI Spending
- Meta, Microsoft, and Alphabet collectively spent over $32 billion on AI infrastructure in Q1 2024 alone.
- This massive spending surpasses ExxonMobil's annual oil extraction costs, highlighting the scale of AI investment.