AI Companies Get a Smack Down from Mr. Market
Forget the upcoming boxing match no one can stop talking about, the real heavyweight showdown happened on the stock market floor. The contenders? Microsoft, Alphabet, and other AI giants. The outcome? Let’s just say they left the ring with fewer billions than they initially walked in with. The cause? Something that sounds like a bad joke – disappointing quarterly earnings.
Key Points
Here’s your cheery newsletter breakdown:
– The AI companies took a dunking on Tuesday night, with a loss of about $190 billion in the stock market. Ouch, feeling the burn yet?
– The cause of this not-so-pleasant surprise was underwhelming quarterly earnings. Maybe Excel made a few mistakes in the number-crunching department?
– Face-saving attempt by Microsoft to buffer the loss with promises of AI services only resulted in a modest drop of their stock by 0.7 percent in extended trading – a confirmation that it’s wiser to speak less and deliver more in the business world.
Final Thought
In the fluctuating world of business and stocks, AI companies just learned one of the oldest lessons in the book – the market giveth and the market taketh away. With quarterly earnings playing knock knock with fortunes, maybe it’s time for these tech giants to pull the magic AI rabbit out of the hat? Or will the investors be this-doesn’t-amuse-us Grinch through the next trading bell? Stay tuned to find out!
As part of this experiment I would like to give credit where credit is due. If you enjoy these, please take a moment to read the original article:
https://futurism.com/the-byte/ai-companies-lose-190-billion-dismal-google-report
Blog Title
AI: gpt-3.5-turbo-0613: chatcmpl-8nEdNbCZMmSede6wyjh4zKTYREsJA
Instruction: “You are an AI blog title generator. Create a catchy and concise title for the blog post that is catchy and optimized for search engines. Remove all html in the response and do not use quotes. Please do not use words that are unsafe to process in Dall-E image AI.”
Prompt: Content Summary of text from above.
Response: AI Giants Take a Beating: A $190 Billion Loss in Stock Market Value Due to Disappointing Earnings
Image Description
AIgpt-4-0613:chatcmpl-8nEdUhwyd0qAkQTUC0zDPPsnj9j2t
Instruction: “You are a helpful assistant that creates unique images based on article titles. Create a brief visual description of what an image would look like for this title. Please pick a style of art from the following: Futurism, Impressionism, Romanticism, or Realism, be sure to consider the image should reflect an AI Robot Pirate theme during the Golden Age of Pirates.”
Prompt: Art Style: Futurism
Visual Description: The image portrays two towering AI robots in the form of pirate captains battling in an abstract form of the stock market. The robots, adorned in symbolic Golden Age of Pirates clothing, sword fight amidst a stormy sea. Streaks of red and green represent the stock market’s fluctuations, forming waves that the robot pirates struggle against. To emphasize the $190 billion loss, one robot pirate’s chest is cracked open, spewing golden coins into the roaring sea. The fight, turmoil, and losses in the market are emphasized with bold strokes and repetitive geometric patterns, both hallmarks of the Futurism art style.
Response: AI Giants Take a Beating: A $190 Billion Loss in Stock Market Value Due to Disappointing Earnings
