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Nearly 20 million US dollars per month! TikTok becomes a major customer of microsoft's AI.
TikTok, Walmart, Intuit, and G42 have become the main customers of Microsoft Azure OpenAI services. TikTok stands out in particular, having spent $20 million per month earlier this year on OpenAI models, accounting for 25% of the total revenue for that business. However, Microsoft faces the challenge of needing to expand the number and type of companies purchasing its AI services. Depending on a single or a few large customers may bring business risks, especially in cases where these customers may develop their own AI technologies.
Alphabet and Microsoft Defended Their AI Spending in Different Ways. Why That Matters
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Microsoft To Rally Around 24%? Here Are 10 Top Analyst Forecasts For Wednesday
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The Stock Market Doesn't Look Like the Dot-Com Bubble. It's Something Worse. -- Barrons.com
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