The report also revealed that the hype around AI has contributed to a 37% surge in the Nasdaq in the first two quarters of the year. Microsoft, Google, and OpenAI have formed the ‘Frontier Model Forum’ to regulate AI development, while Meta plans to release a commercial version of its AI tools. Despite the AI boom, Intel has lagged behind, with its data center and AI business dropping by 15% in the last quarter.
Key takeaways:
- The mention of artificial intelligence (AI) in earnings calls for major tech companies has significantly increased in the second fiscal quarter compared to the previous one.
- Companies leading in AI discussions include Google’s Alphabet, Intel, Microsoft, Meta platforms, Cadence Design, IBM, ServiceNow, Moody’s, and Omnicom.
- AI mentions in Intel’s second-quarter call were 58 times, up from 15 times in the first quarter. Alphabet and Microsoft also increased their AI mentions in their calls.
- Microsoft, Google, OpenAI, and Meta have committed to developing safe, secure, and transparent AI, and have formed the 'Frontier Model Forum' to regulate AI development.