Posted 2/15/2024, 7:41:39 PM
ChatGPT Hype Spurs Record AI Mentions in Earnings Calls, But Investments Continue in Potentially Game-Changing Technology
- Mentions of AI on earnings calls spiked in late 2022 after ChatGPT launch, reaching over 500 instances in Q4 2023
- Mentions decreased to just 198 in Q1 2024 as hype normalized, though still historically high levels
- Big tech companies like Microsoft, Google, Amazon, Nvidia invested heavily in AI products and services
- Revenues and growth surged for companies with AI offerings, especially semiconductors
- Question is whether AI is a true game-changing revolution or just a continuation of existing tech trends