社区

The recent earnings season has made it abundantly clear that the AI revolution is not just knocking on the door but has forcefully entered the tech world.The impressive results from tech giants such as Microsoft Corp. , Alphabet Inc. and Amazon.com Inc. underscored this transition, according to Daniel Ives, an equity analyst at Wedbush.These companies have reported “eye-popping capital expenditure numbers,” initiating an “AI tidal wave” in software and cloud development driven by generative AI.The expert said companies were “laser-focused on deploying generative AI” across various sectors. Additionally, major players such as Meta and Apple were diving deep into AI, heralding a consumer AI cycle that promised significant spending in the coming years.Ives projected AI and related purchases will account for 8%-10% of IT budgets in 2024, a stark increase from less than 1% in 2023. This surge represented a “massive growth catalyst” in what he referred to as the “initial wave of AI softwar