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AI Set For A "Cold Shower" In 2024, Warns Analyst

Steep costs and the threat of government regulation will dampen enthusiasm for generative AI services next year, an analyst warns ....

Leo Gebbie , Wall Street Journal , Github Copilot , Ccs Insight ,

BBCNEWS World Business Report June 4, 2024 10:37:00

Higher prices, too. 50 could be a justification for those higher prices, too. could be a justification for those higher prices, too. so few, thank ou for higher prices, too. so few, thank you for being higher prices, too. so few, thank you for being with higher prices, too. so few, thank you for being with us. let s focus on spotify now because it s raising prices for its 200 million ad free subscribers for the first time in over a decade. in the us, the cost will increase from $9.99 to $10.99 for those with an individual plan. similar price hikes also apply to the uk, canada, australia and 49 other countries. the move follows other streaming services which have also increased subscription costs. we re nowjoined by leo gebbie, who s a tech analyst at ccs insight. where does the money go, spotify hasn t turned a profit yet? that where does the money go, spotify hasn t turned a profit yet?- hasn t turned a profit yet? that is certainly the hasn t turned a profit yet? that is cer ....

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BBCNEWS World Business Report June 4, 2024 05:47:00

This year 80,000 visitors are expected and will see the return of chinese delegates whose companies play big in the communications industry with xiaomi, zte and huawei. the industry has not been immune to the global slowdown and inflationary pressures with the global smartphone market declining some 18% year on year in the last quarter of last year according to latest figures from counterpoint research. joining me live now from barcelona is ben wood, chief analyst and cmo at ccs insight. i understand you have got some visual aids to illustrate just how far we ve come, do show them! ,., ., how far we ve come, do show them! , ., ., ., how far we ve come, do show them! ., , them! good morning, sally. hello from them! good morning, sally. hello from barcelona. - them! good morning, sally. hello from barcelona. 1. them! good morning, sally. - hello from barcelona. i thought it would be interesting to see ....

Communications Industry , Issues Barcelona , Ben Wood , Counterpoint Research , Sally Nugent , Barcelona 1 , Ccs Insight ,

BBCNEWS World Business Report June 4, 2024 05:46:00

The disruption of covid lockdowns on its factories in china. ben wood is chief analyst at ccs insight, which looks at tech firms. in your view, were apple wrong, are they wrong, to defend as heavily as they do on a china? well, the dependence on china is around production and it definitely was a biggerjob than we expected due to the covid restrictions in china which sought the supply of being disrupted through a lot of november and most of december which saw this unprecedented drop from apple but it is notjust the production issues they have. they admit they are not immune to the macro economic pressures everyone is facing right now. we have seen in right across earnings. tim cook, the chief executive, is signalling that revenues will miss prior years even though iphone sales are ....

Chief Analyst , Tech Firms , Ben Wood , Ccs Insight , Apple Wrong , Tim Cook ,