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submitted 1 week ago by dgerard@awful.systems to c/techtakes@awful.systems

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AI search may be worse, but it also makes less money

time: 5 min 40 sec

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[–] Hanrahan@lemmy.world 23 points 1 week ago* (last edited 1 week ago)

their profits went up a huge amount, just not as much as the speculators had hoped for.

Their data center spend was a little less than anticipated but their forward projections on data center spends is enormous.

there's no good news in any of this