Financial Times ·

Big Tech reported Q2 "other income" rose significantly to $160B+, driven by investments in AI companies, raising concerns of paper gains overstating the AI boom

Analysts say large paper windfalls on investments in OpenAI, Anthropic and SpaceX have muddied the tech sector's earnings metrics

Lead Source

Financial Times — Big Tech reported Q2 "other income" rose significantly to $160B+, driven by investments in AI companies, raising concerns of paper gains overstating the AI boom ↗

How this story grew

Coverage · 0 Discussion · 0

Aug 31Sep 1

Discussion

Related stories

Wall Street Journal: In Q2, "other income", mostly from investment gains, at Amazon and Alphabet totaled ~$121B after taxes and made up 66% and 71%, respectively, of profits

Wall Street Journal: Analysis: nine top tech companies including Alphabet and Meta had ~$3T of AI-related off-balance-sheet commitments, far exceeding their ~$600B in reported capex

Wall Street Journal: OpenAI's Q2 sales grew 18% QoQ to $6.7B as its losses widened from $9.3B to $12.3B; Anthropic's sales grew 2x+ to $11.6B, with a small operating profit

Bloomberg: Baidu reports Q2 revenue down 2% YoY to ~$4.62B, below ~$4.69B est. and its fifth straight quarterly decline, and net income of ~$341M, as it lags AI rivals

Bloomberg: Alibaba reports Q1 revenue up 9% YoY to ~$39.64B, meeting est., and net income down 75% to ~$1.54B due to heavy AI spending and weak domestic retail consumption

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif