Big Tech mentioned ‘AI’ nearly 50 times on recent earnings calls. Should we care?

Tech giants Alphabet, Microsoft and Meta all reported robust revenue growth in their first-quarter earnings calls this week, highlighting their ambitions and investments in artificial intelligence. The term “AI” was repeated dozens of times by the executives and analysts on the calls, reflecting the industry’s belief that AI is the key to innovation and competitive advantage. Alphabet’s call mentioned AI 50 times, followed by Meta with 49 times and Microsoft with 46times.

The number of references to AI by these tech titans is just the latest signal that investors are clamoring for opportunity to invest in generative AI technology, which has captivated Silicon Valley in recent months. It also signals that Alphabet, Microsoft and Meta are now being viewed as bellwethers for the entire AI industry, which is big business: According to PwC, the AI market is predicted to contribute $15.7 trillion to the global economy by 2030.

Full story at VentureBeat.