#ai-revenue

#ai-revenue

Companies have poured hundreds of billions of dollars into snazzy new data centers and absurdly well compensated research teams in hopes of building powerful, wildly profitable AI models. That's despite the fact that even the most innovative AI companies still have modest revenues.

Genie is an example of how a SaaS business may replace its user interface with natural language. For instance, he uses it to ask why warehouse usage and revenue spike on particular days. Just a few years ago, such a request required a specific query language, or maybe a special report would have been programmed. Today, any product with an LLM interface can be used by anyone, Ghodsi noted. Genie is one reason for usage growth numbers, he said.

In the fourth quarter we are executing an action that will impact a low single-digit percentage of our global workforce,

Rubrik's expectation-beating performance in Q1, showing improved share losses and significant revenue growth, underscores the company's effective shift towards subscription-based models.

"For the second quarter, TSM expects to see revenue of $28.4 billion to $29.2 billion, with the midpoint above expectations."