America’s digital behemoths face a huge obstacle to growth—their size
stop big tech? After a post-lockdown wobble in 2022, America’s digital giants have come roaring back. Last week Alphabet, Meta and Microsoft all reported robust results in the second quarter, following a stellar set in the first. Between January and June, the three of them together raked in $106bn of operating profits, up by $9bn from the same period last year.
Alphabet, Amazon, Apple, Meta and Microsoft lord it over American business. The five firms dominate the500 stockmarket index, collectively accounting for 9% of its sales, 16% of its net profits and 22% of its market capitalisation. Last year their capital spending of $360bn made up over a tenth of all American business investment.
Maintaining those averages in the long run is surely asking too much. Indeed, growth has already been less blistering of late. But the firms’ bosses and investors are unlikely to settle for a slowdown. If so, they will need to focus on the three main ways that companies have to grow. Could these work for big tech?
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Here's Everything Donald Trump Has Been (And Maybe Will Be) Indicted ForAs the criminal indictments keep rolling in, they are getting hard to keep track of.
Weiterlesen »
OWASP offers list of top LLM chatbot security risksWe're in the OWASP-makes-list-of-security-bug-types phase with LLM chatbots
Weiterlesen »
Beyond the hype, AI promises leg up for scientific researchHowever boffins in academia need to match the progress made in Big Tech, and always challenge poor data quality
Weiterlesen »
Supermoon: What is it and how can I see it?Stargazers around the world will be treated to a bigger and brighter moon than usual tonight.
Weiterlesen »
What Socrates Can Teach Us About the Folly of AICarissa Véliz shares the lesson from the philosopher on the folly of large language models
Weiterlesen »
AMD eyes rebound in the second half as Q2 profits plunge 94%AMD hopes for rebound in the second half of the year as Q2 profits plunge 94%
Weiterlesen »