Will Meta and Microsoft's AI Investments Pay Off? | Pivot
Episode Description
Kara Swisher and Scott Galloway dig into the latest earnings from Meta and Microsoft, and examine the repercussions of AI investments. Will the capital expenditures in AI pay off in the long run? How long will investors wait?
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Brief Summary
Meta's earnings soar while Microsoft faces mixed results amid rising AI spending concerns.
Key points
- Microsoft's Mixed Bag. Microsoft's earnings report showed a mix of growth and decline, raising investor concerns.
- Meta's Earnings Surge. Meta's earnings per share rose 73% year-on-year, with ad impressions increasing by 10%.
- AI Spending Surge. The tech industry's capital expenditures are set to reach $200 billion this year.
Ask about Pivot with Kara Swisher and Scott Galloway
Episode highlights
- Microsoft's Mixed BagMicrosoft's earnings report showed a mix of growth and decline, raising investor concerns.“Microsoft was less enthusiastic about those earnings.”0:47Aug 2, 2024
- Meta's Earnings SurgeMeta's earnings per share rose 73% year-on-year, with ad impressions increasing by 10%.“I mean that's incredible!”1:16Aug 2, 2024
- AI Spending SurgeThe tech industry's capital expenditures are set to reach $200 billion this year.“That's double what the US government spends on homeland security.”3:09Aug 2, 2024
Tension
65/ 100Some tension
