Google, Amazon quietly lower expectations for generative AI
$Alphabet-A(GOOGL.US$ $Amazon(AMZN.US$ According to The Information, the companies have internally begun to adjust expectations to their sales teams, emphasizing the gap between the current technology of generative AI and its marketing hype.
Most customers have shown caution in investing in new AI services, concerned about the high cost of use, lack of accuracy, and the difficulty of assessing the value the technology brings.
Last year, cloud service providers invested heavily in $NVIDIA(NVDA.US$ 's AI server chips in the expectation of earning revenue from AI services, but so far, with the exception of $Microsoft(MSFT.US$ , they have yet to see significant returns.
Most customers have shown caution in investing in new AI services, concerned about the high cost of use, lack of accuracy, and the difficulty of assessing the value the technology brings.
Last year, cloud service providers invested heavily in $NVIDIA(NVDA.US$ 's AI server chips in the expectation of earning revenue from AI services, but so far, with the exception of $Microsoft(MSFT.US$ , they have yet to see significant returns.
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