Bloomberg Technology
Tech Charges Higher and Adobe Misses the Mark
Sep 13, 2024
Caroline Hyde, a Bloomberg journalist specializing in technology and markets, discusses how AI is propelling a tech rally, making the Nasdaq thrive. She highlights Adobe’s disappointing AI growth forecast despite solid 3Q results. The conversation shifts to Uber's promising partnership with Waymo, which brings autonomous ride-hailing to Austin and Atlanta. Hyde also touches on broader industry challenges, including the competitive landscape faced by companies trying to capitalize on AI advancements.
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Quick takeaways
- Advancements in AI technology are driving a significant tech rally, particularly benefiting companies that effectively integrate these tools into existing systems.
- Adobe's struggles with monetizing its AI offerings have raised investor concerns, highlighting the broader challenges of profitability in innovative tech solutions.
Deep dives
AI Performance Breakthroughs with Intel
Advancements in AI technology can significantly enhance business performance, as demonstrated by Netflix's partnership with Intel, which resulted in a streaming performance increase of up to 350%. Intel's AI accelerators are reported to outperform competitors by 30%, suggesting that companies can achieve better AI results on their existing architectures by leveraging Intel's solutions. This highlights the importance of integrating powerful AI tools into trusted pre-existing infrastructures to drive efficiency and growth. Organizations considering AI upgrades can thus benefit from focusing on established technologies that promise substantial performance improvements.
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