PYMNTS.com April 30, 2024
Google’s market cap topped $2 trillion last week after quarterly earnings convinced investors that demand for its GenAI platform was not only strong but being monetized in the here and now. Microsoft, according to reports, attributed 7 points of its 31% quarterly cloud revenue jump to GenAI use cases. The CFOs of both whispered the possibility of the near-term risk of demand outpacing supply, given the almost universal acceptance of the potential for GenAI’s transformational impact on people, business, and society — and the fear of being left behind.
We see this too. A recent PYMNTS Intelligence study of how enterprise CFOs view GenAI’s impact on their business finds that nearly two-thirds believe it is the most significant technological innovation...
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