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00:00 How will big tech companies affect their investment in AI today based on their separate financial results?
00:10 Let's start with Apple.
00:12 In the third quarter of this year, it is expected that its revenues will decrease by 2% annually to $81.5 billion, after having recorded revenues of about $83 billion in the third quarter of 2022.
00:31 But the positive factor in the expected financial and separate results is that it is expected that the revenues will decrease by less than what it recorded in the second quarter of this year,
00:45 after having issued three Max devices in the second quarter of this year, and that it is also investing in AI today, working on launching its own equipment that will be a competitor to the equipment of Microsoft and Google.
01:02 Moving on to Amazon, it is also expected that it will record positive financial results for the second quarter of this year.
01:10 It is expected that its revenues will increase by about 8% annually to $131 billion, with the support of services provided by AWS, which is expected to affect its positive financial performance.
01:32 If we look at Amazon's share performance since the beginning of the year, we notice that it has seen an increase of more than 55% after being negatively affected last year after the sales operations that occurred on technology stocks.
01:47 But today, Amazon, since the beginning of the year, has seen an increase of about 55%.
01:54 Moving on to Microsoft, it is also expected that it will record positive performance in the fourth quarter of this year.
02:03 It is expected that its revenues will increase by 7% annually to more than $55 billion.
02:11 The main factor behind the positive performance of Microsoft and its investment in AI is that it invested with OpenAI about $10 billion.
02:23 This is due to the addition of a GPT network service to its search engine, BINC, which has a positive impact on the company's performance.
02:32 From Microsoft, we move on to Alphabet. It is also expected that its revenues will increase by the second quarter of this year by about 4.8% to more than $60 billion.
02:45 The main factor behind the positive performance of Alphabet is its investment in AI, which is due to the addition of a GPT network service to its search engine, BINC, which has a positive impact on the company's performance.
02:57 We also look at the performance of Alphabet. Since the beginning of the year, we have also noticed that it has increased by more than 33%.
03:06 Therefore, the question remains, how will the financial performance of the second half of this year be for major technology companies?