Big Tech is spending furiously on building out AI infrastructure — ahead of meaningful revenue and use cases. But they're motivated to make it work.
There’s a spending frenzy around AI, and this earnings season we’ve been getting more details on the pace of that outlay.
And make it work quickly. Sequoia Capital partner David Cahn called the infrastructure build a “cycle of competitive escalation” in a recentThe ensuing digestion period has already likely begun, if investors’ impatient reaction to Microsoft’s earnings is any indication. Meta, on the other hand, “continues to earn the right to spend big on GenAI,” wrote JPMorgan’s Doug Anmuth in reaction to its numbers.
Is that transformational? Expect to continue to hear that it is, or will be. It has to — because they’re writing the checks.Kamala Harris is preparing for the fight of her life, if her inner circle is anything to go by. The vice president has surrounded herself with a group of tested operators, many of them Black women who have been involved in Democratic politics for decades, as she gears up for a brutal three months of campaigning before the Nov. 5 election. U.S.
Millicom Q2 2024 Earnings Release Luxembourg, August 02, 2024 – Millicom is pleased to announce its second quarter 2024 results. Please find below links to the Q2 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Q2 Highlights* Revenue $1.46 billion, up 4.7%Operating profit $345 million, up 74.1% EBITDA $634 million, up 23.1% - Colombia EBITDA margin 39.5% Net income $78 million Equity free cash flow $268 millionLeverage 2.
Microsoft Amazon Apple Spending Generative AI Earnings Season
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