AI Takes Center Stage as Google and Microsoft Report Earnings
• CoinDesk is reportedly in the final stages of a $125 million deal.
• Caroline Ellison’s private writings from the months leading up to Alameda and FTX collapse have been uncovered in legal discovery process.
• Google and Microsoft report on AI prospects in their latest earning reports.
It is reported that CoinDesk is in the final stages of a $125 million deal. This comes after Caroline Ellison’s private writings from the months leading up to Alameda and FTX collapse were uncovered in a legal discovery process.
Apple Developing AI Chatbot
Apple is developing its own AI chatbot as an internal tool, while Terraform Labs has appointed Chris Amani as CEO to replace Do Kwon. Furthermore, Societe Generale’s subsidiary has received France’s first crypto services license.
Google and Microsoft Reports
Sundar Pichai, CEO of Google and Alphabet, stated that Google is driving the next evolution of search with its continued leadership in AI. Meanwhile, Microsoft also discussed its artificial intelligence prospects in its quarterly earnings report on July 25th.
Google’s Focus on AI
Google has been drawing attention for its Bard chatbot, PaLM language model, and other AI-powered tools. The company reported $74.6 billion in revenue for the quarter ending June 30th 2023 with most of it coming from Google Services such as ads, Android Chrome Search YouTube etc., including their newly formed Google DeepMind group which combines both Brain and DeepMind groups into one team.
Microsoft’s Focus on AI
Microsoft also discussed their artificial intelligence prospects in their quarterly earnings report on July 25th but noted that they are yet to see any revenues from it despite having a focus on it for some time now