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Meta Earnings Call: Better Spending on AI Now, Rather Than Too Late
Meta's Q2 report and next quarter's guidance exceeded expectations, without increasing the annual capital expenditure limit, and rose 5% after-hours. | Financial report observations
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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.
US Weighs New Restrictions On China's Access To AI Memory Chips; New Limits Could Come As Soon As Next Month; SK Hynix And Samsung May Be Affected By Planned Rule
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