Tech Giants Bet Big on AI - Investing Billions Despite Recent Stumbles
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Microsoft invested billions into OpenAI (ChatGPT) and other AI startups, launched Copilot for Security product. Stock hit record high in March.
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Google launched AI chatbot Bard, renamed it Gemini after fixing inaccuracies. Paused image generation after problematic images.
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Meta spending billions on AI chips from Nvidia, working on AI to power video recommendations and Feeds. Plans to use next-gen Blackwell chips.
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IBM CEO envisions 30% of back-office roles replaced by AI. Freed up people from HR work to focus on more creative tasks.
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Palantir seeing surging demand for its AI platform. Generated record revenue in Q4 2022 partially due to AI product.