Apple reported better-than-expected Q2 earnings and increased its dividend to $0.25 per share.
Generative artificial intelligence has yet to produce material revenue growth for most software companies, which has been disappointing investors in AI stocks. The good news is that cloud computing giants and software companies are providing enterprise customers with more tools to master generative AI technologies. To build gen AI software applications, large companies need to harness proprietary data to train and deploy AI models.
“I was highly dismissive of their efforts. That was a mistake,” Microsoft chief technology officer Kevin Scott said at the time.