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In a recent analysis, Silicon Valley’s leading tech firms, including Meta, Microsoft, and Alphabet, reported earnings that exceeded expectations, driven by significant investments in artificial intelligence (AI). Meta’s Mark Zuckerberg announced advancements in AI capabilities, while Microsoft noted that AI services contributed heavily to Azure’s growth. Companies are increasingly adopting AI, with a Bain & Company survey revealing 95% usage, raising their budgets significantly, although long-term returns on this investment remain uncertain.
