The second quarter of this year saw a significant increase in mentions of artificial intelligence (AI) in major technology companies' earnings calls, according to Reuters. Among the S&P 500 companies that led these discussions on AI were Alphabet, which was owned by Google , Microsoft, Intel, Meta, as well as others like Cadence Design, IBM, ServiceNow, Moody's, and Omnicom.
Intel's second-quarter conference call featured 58 mentions of AI, a notable rise from the 15 mentions during the first-quarter conference call. Similarly, Alphabet's conference call discussed AI 62 times, and Microsoft's 58 times, both of which surprise ed their previous call mentions of 52 and 35, respectively. This surge in interest around artificial intelligence has also contributed to the Nasdaq index's 37% increase during the first two quarters of this year, as indicated by the Reuters report.
While Microsoft has supported the development of ChatGPT through OpenAI, companies like Meta and Alphabet have been at the forefront of AI system and tool development and deployment. However, Intel has lagged behind in the AI boom. Reuters reports that the company's data center and AI business recorded a 15% growth in the last quarter. These figures echo the prevailing trends in the market.
The market landscape continues to evolve, with Microsoft, Google, and OpenAI establishing the Frontier Models Forum on July 26 to standardize AI development. Just before the forum's creation, these same organizations partnered with Meta to collaborate on developing safe, secure, and transparent AI for the White House. Meta also unveiled its plan to release a commercial version of its AI tool to compete with existing offerings from OpenAI and Google. Following this announcement, both Meta and Microsoft disclosed a joint endeavor involving an open-source large-scale language model called Llama 2.
