Are Big Tech Companies Getting Rich from AI?

 

Big Tech companies like Amazon, Microsoft, and Alphabet have showcased impressive earnings, with a substantial boost from their advancements in artificial intelligence (AI) technology. Amazon’s quarterly report revealed a 13% increase in net sales, primarily attributed to its AWS cloud computing segment, which saw a 17% sales boost, fueled by new AI functions like Amazon Q AI assistant and Amazon Bedrock generative AI service. Similarly, Alphabet’s stock price surged nearly 10% following its robust earnings report, emphasising its AI-driven results. Microsoft also exceeded expectations, with its AI-heavy intelligent cloud division witnessing a 21% increase in revenue.

The Federal Communications Commission (FCC) has reinstated net neutrality rules, ensuring equal treatment of internet content by service providers. This move aims to prevent blocking, slowing down, or charging more for faster service for certain content, reinstating regulations repealed in 2017. Advocates argue that net neutrality preserves fair access, while opponents express concerns over regulatory burdens on broadband providers.

Strategies for Addressing Ransomware Threats

Ransomware attacks continue to pose a considerable threat to businesses, highlighting the unavoidable need for proactive measures. Halcyon CEO Jon Miller emphasises the importance of understanding ransomware risks and implementing robust backup systems. Having a clear plan of action in case of an attack is essential, including measures to minimise disruption and restore systems efficiently

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