Tech Brew Ride Home Thu. 08/01 – Now Meta’s AI Spending Is Fine?
Aug 1, 2024
Meta has convinced investors that its hefty AI spending is worthwhile, despite rising costs. Tether shows impressive growth, announcing a $5 billion profit this year. Apple's latest AI updates feature only slight improvements, while the streaming wars intensify with the launch of Venu, a new sports platform. The podcast also highlights how major sports deals are reshaping entertainment budgets, proving that sports remain a game-changer in the streaming landscape.
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Meta's AI Bet
- Meta's Q2 results show revenue and income growth, even with ongoing Reality Labs losses and increased AI spending.
- Zuckerberg justifies the spending, emphasizing the potential of AI to boost ad revenue.
The Increasing Cost of AI
- Future AI models like LLaMA 4 will require significantly more compute, potentially reaching billions of dollars.
- This suggests a future where only large companies can afford to train state-of-the-art models.
Reddit's Data Fight
- Reddit CEO Steve Huffman demands payment from Microsoft, Anthropic, and Perplexity for scraping Reddit's data.
- He argues they use this data for training AI and summarizing content without permission.