Microsoft, Google, And Adobe Navigate AI's Profitability Challenge
Portfolio Pulse from Anusuya Lahiri
Tech giants Microsoft, Google, and Adobe are facing challenges in monetizing generative AI tools due to high operational costs. Microsoft reportedly incurred losses on one of its AI products and plans to charge an additional fee for its upcoming AI software upgrade. Google is also adopting a similar strategy. Adobe introduced a credit system for its AI image generator, Firefly, to manage costs. Amazon Web Services CEO noted the industry's dissatisfaction with the expenses of running AI models.
October 09, 2023 | 3:24 pm
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NEGATIVE IMPACT
Amazon Web Services CEO noted the industry's dissatisfaction with the expenses of running AI models.
The news about the industry's dissatisfaction with the expenses of running AI models, as noted by the AWS CEO, could negatively impact Amazon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Google is facing challenges in monetizing its AI tools due to high operational costs and plans to charge more for its AI software upgrade.
The news about Google's struggle with high operational costs of AI tools and its plan to charge more for AI software upgrades could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft is facing challenges in monetizing its AI tools due to high operational costs and plans to charge more for its upcoming AI software upgrade.
The news about Microsoft's struggle with high operational costs of AI tools and its plan to charge more for AI software upgrades could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Adobe introduced a credit system for its AI image generator, Firefly, to manage high operational costs.
The news about Adobe's introduction of a credit system for its AI tool to manage high operational costs could have a neutral impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100