The biggest names in tech have poured billions of dollars into turning AI into something companies and consumers can use. But can they make money on it?

Big Tech CEOs seem to be competing for who can fit the most mentions of AI into an hour-long earnings call, and capital spending on data centers and other expensive infrastructure has yet to let up, despite consumer wariness and hurdles for companies aiming to deploy AI solutions.

But over a year after OpenAI’s ChatGPT first burst onto the scene and ignited a flurry of investment, analyst questions in those earnings calls are getting slightly antsier about how all these big AI expenditures are going to ultimately pay off in the form of real revenue. Wall Street investors are clearly excited about AI, but they also seem to be increasingly wondering about the bottom line of it all.

“That’s the only thing they’re looking at,” R. “Ray” Wang, CEO and principal analyst at Constellation Research, told Tech Brew.

The profit picture: Wang said there are a number of areas that investors can look at to gauge how AI investments are impacting business for tech companies. Those include how AI is being used for cost savings, what kinds of new business models are being created around the tech, and whether companies have the “right partnerships to get them to the right use cases” to turn AI into a viable part of their business.

Wang said that at the moment, tech companies that are deploying AI internally are having the most success with using it to reduce costs, mentioning Amazon’s use of AI in its warehouses and Tesla’s use of AI in production as examples. But he stressed that it takes time to build out more complex AI models, and many are far from becoming viable businesses.

Keep reading here.—PK

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As honeybee colonies continue to collapse and threaten agricultural operations that depend on pollinators, one company has a unique solution: a smart home fit for the queen.

Tech Brew recently caught up with Beewise co-founder Eliyah Radzyner—who is a beekeeper himself—about how advances in hive technology can help the global food supply stay ahead of the climate crisis.

Radzyner emphasized that there’s an unbreakable link between healthy honeybee populations and thriving agricultural operations. On the flip side, there’s also a direct correlation between harsh environmental conditions and colony collapse. According to Beewise, 40% of bee colonies disband every year, while, per the USDA, 80% of flowering plants depend on bee pollination.

“Bees are dying from extreme heat, extreme cold. They’re dying from pests that were introduced from other places in the world, and dying from viruses and macro pesticides,” Radzyner said. “Bees are facing all these threats, which are really devastating the bee population.”

That’s where remote monitoring and management come in.

Keep reading here.—KG