When investors heard the news from Google and Microsoft, they were thrilled. Both companies reported double-digit growth in cloud revenue. Meta, not being in the business of cloud computing, took a beating in its stock price after noting rising spending on AI infrastructure. Even though the company’s advertising business has grown with the adoption of AI and its overall revenue topped expectations, investors seem to see a clearer through-line from AI infrastructure investment to cloud computing than to ads.
Seriously, eff these investors. And of course the international conglomerate corps.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
Seriously, eff these investors. And of course the international conglomerate corps.