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Billionaire investor Chamath Palihapitiya claims AI has made "zero contribution" to the earnings growth of Global 2000 companies, sparking concern on the eve of NVIDIA's earnings report.
Parihkapitiya made these remarks on August 20, questioning the actual impact of AI on corporate profitability, despite Microsoft's AI business achieving an annualized revenue of $37 billion, a 123% year-over-year increase. His comments, made on the eve of NVIDIA's third-quarter earnings report scheduled for August 26, add a new perspective to the market debate on AI's monetization capabilities.
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