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Tech

As Databricks touts demand for AI providers, all eyes are on Microsoft and Alphabet’s Q3 outcomes

Earnings season is formally right here, people!

Microsoft and Alphabet will report their third-quarter monetary outcomes after the bell at this time, and Meta and Amazon will report later this week. And we will’t wait to seek out out if these corporations will report a cloth enchancment from their investments in AI-related computing duties and merchandise.


The Alternate explores startups, markets and cash.

Learn it each morning on TechCrunch+ or get The Alternate e-newsletter each Saturday.


We requested an identical query earlier than Q2 2023 outcomes got here out, and located that whereas the prices associated to AI work had been piling up, the ensuing income was extra a truth of the longer term than the current. Will we see comparable themes this time as effectively?

You see, there’s an enormous distinction between clients being excited a few new expertise and that tech truly bringing in gobs of income. We’re hoping to learn the way rapidly a few of the largest and richest tech corporations are capable of convert this market curiosity round AI to income.

Huge tech’s skill to promote AI-powered instruments and providers will inform us fairly clearly simply how prepared the tech-buying market is to spend on new software program. For startups, then, a strong consequence from Microsoft and Alphabet on the AI entrance could be nice information. Then again, yet one more quarter of huge tech corporations spending closely on infrastructure paired with discussions of future income could be much less bullish.

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