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Go look at earnings reports for big tech companies. AI is definitely driving incremental revenue. Apple is definitely on the AI bandwagon, they just have a dif

Go look at earnings reports for big tech companies. AI is definitely driving incremental revenue. Apple is definitely on the AI bandwagon, they just have a different business model and they’re very disciplined. Apple tends not to increase research and investment costs faster than revenue growth. You’ll also notice rumors that they’re lowering their self driving car and VR research goals.

surgical_fire 2y ago
> Go look at earnings reports for big tech companies. AI is definitely driving incremental revenue. Yes. Which proves my point.
- vineyardmike 2y ago
  Google Cloud revenue up 35% thanks to AI products [1,4,5]. Azure sales by a similar amount (but only 12% was AI products [2]. AWS is up too [3]. In so glad your point was that it’s not a scam, and there are billions of dollars in real sales occurring at a variety of companies. It’s amazing what publicly traded companies disclose if we only bother to read it. I’m glad we’re all not in the contrarian bubble where we have to hate anything with hype. 1. https://technologymagazine.com/articles/how-ai-surged-google-clouds-revenue-growth https://technologymagazine.com/articles/how-ai-surged-google... 2. https://siliconangle.com/2024/10/30/microsofts-ai-bet-pays-off-azure-revenue-grows-stock-falls-infrastructure-supplier-delays/ https://siliconangle.com/2024/10/30/microsofts-ai-bet-pays-o... 3. https://www.ciodive.com/news/AWS-cloud-revenue-growth-AI-demand-earnings/731781/ https://www.ciodive.com/news/AWS-cloud-revenue-growth-AI-dem... 4. https://www.reuters.com/technology/google-parent-alphabet-beats-quarterly-revenue-estimates-2024-10-29/ https://www.reuters.com/technology/google-parent-alphabet-be... 5. https://fortune.com/2024/10/29/google-q3-earnings-alphabet-sundar-pichai-revenue-profit-youtube/ https://fortune.com/2024/10/29/google-q3-earnings-alphabet-s...
  - surgical_fire 2y ago
    > In so glad your point was that it’s not a scam Except it sort of is. It needs AI to be hyped and propped up, so that all those silly companies spending in GCP can continue to do so for a wee bit longer.
    - dartos 2y ago
      I don’t know if that makes it a scam. I think you’re putting the cart before the horse. Big cloud providers will push anything that would make them money. That’s just what marketing is. AI was exciting long before big cloud providers even existed. Once it was clear that a product could be made, they started marketing it and selling the compute needed. What’s the scam?
      - surgical_fire 2y ago
        Crypto was exciting too. And metaverse. And VR. And voice assistants. Et cetera and so forth. All those things would change the world, and nothing would ever be the same, and would disrupt everything. Except they wouldn't and they didn't. The scam is that those companies don't want to be seen as mature companies, they need to justify valuations of growth companies, forever. So something must always go into the hype pyre. By all means, I hope the scam goes on for longer, as it indirectly benefits me too. But I don't have it in my heart to be a hypocrite. I will call a pig a pig.
        dartos 2y ago
        I think AI isn’t the same as crypto or metaverse. The LLMs and image generation models have obvious utility. They’re not AGI or anything wild like that, but they are legitimately useful, unlike crypto. VR didn’t fail, it just wasn’t viral. Current VR platforms are still young. The internet commercially failed in 2001, but look at it now. Crypto the industry, imo, is a big pyramid scheme. The technology has some interesting properties, but the industry is scammy for sure. Metaverse wasn’t even an industry, it was a buzzword for MMOs during a time when everyone was locked at home. Not really interesting. I don’t think it’s wise to lump every market boom together. Not everything is a scam.

surgical_fire 2y ago

> Go look at earnings reports for big tech companies. AI is definitely driving incremental revenue. Yes. Which proves my point.

vineyardmike 2y ago
Google Cloud revenue up 35% thanks to AI products [1,4,5]. Azure sales by a similar amount (but only 12% was AI products [2]. AWS is up too [3]. In so glad your point was that it’s not a scam, and there are billions of dollars in real sales occurring at a variety of companies. It’s amazing what publicly traded companies disclose if we only bother to read it. I’m glad we’re all not in the contrarian bubble where we have to hate anything with hype. 1. https://technologymagazine.com/articles/how-ai-surged-google-clouds-revenue-growth https://technologymagazine.com/articles/how-ai-surged-google... 2. https://siliconangle.com/2024/10/30/microsofts-ai-bet-pays-off-azure-revenue-grows-stock-falls-infrastructure-supplier-delays/ https://siliconangle.com/2024/10/30/microsofts-ai-bet-pays-o... 3. https://www.ciodive.com/news/AWS-cloud-revenue-growth-AI-demand-earnings/731781/ https://www.ciodive.com/news/AWS-cloud-revenue-growth-AI-dem... 4. https://www.reuters.com/technology/google-parent-alphabet-beats-quarterly-revenue-estimates-2024-10-29/ https://www.reuters.com/technology/google-parent-alphabet-be... 5. https://fortune.com/2024/10/29/google-q3-earnings-alphabet-sundar-pichai-revenue-profit-youtube/ https://fortune.com/2024/10/29/google-q3-earnings-alphabet-s...
- surgical_fire 2y ago
  > In so glad your point was that it’s not a scam Except it sort of is. It needs AI to be hyped and propped up, so that all those silly companies spending in GCP can continue to do so for a wee bit longer.
  - dartos 2y ago
    I don’t know if that makes it a scam. I think you’re putting the cart before the horse. Big cloud providers will push anything that would make them money. That’s just what marketing is. AI was exciting long before big cloud providers even existed. Once it was clear that a product could be made, they started marketing it and selling the compute needed. What’s the scam?
    - surgical_fire 2y ago
      Crypto was exciting too. And metaverse. And VR. And voice assistants. Et cetera and so forth. All those things would change the world, and nothing would ever be the same, and would disrupt everything. Except they wouldn't and they didn't. The scam is that those companies don't want to be seen as mature companies, they need to justify valuations of growth companies, forever. So something must always go into the hype pyre. By all means, I hope the scam goes on for longer, as it indirectly benefits me too. But I don't have it in my heart to be a hypocrite. I will call a pig a pig.
      - dartos 2y ago
        I think AI isn’t the same as crypto or metaverse. The LLMs and image generation models have obvious utility. They’re not AGI or anything wild like that, but they are legitimately useful, unlike crypto. VR didn’t fail, it just wasn’t viral. Current VR platforms are still young. The internet commercially failed in 2001, but look at it now. Crypto the industry, imo, is a big pyramid scheme. The technology has some interesting properties, but the industry is scammy for sure. Metaverse wasn’t even an industry, it was a buzzword for MMOs during a time when everyone was locked at home. Not really interesting. I don’t think it’s wise to lump every market boom together. Not everything is a scam.