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The tech turnaround: Platforms end first half on a high

14 August 2023
Access report

After a period of stagnation, many of the core business lines at the US tech mega-caps are back to posting respectable growth figures. The rest of the year will bed in strong revenue growth.

However, the sector is still facing a transition to new priorities. Core business strength should allow firms to shift from cost-cutting to the investment needed to fight the more competitive era they are facing.

AI is the number one focus, but the market for AI tools themselves is still nascent. Applying AI to internal problems has more promise. For instance, it is helping Meta solve its measurement and engagement problems.

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  • Big tech's competitive new era: Clashes ahead

    7 July 2023

    A new era is starting for the big consumer tech companies, as they venture outside of their traditional comfort zones to bet on future growth—most obviously in AI, and then cloud, gaming, headsets and video.

    Competition in the tech space is intensifying as incumbents go head-to-head in new revenue growth areas also populated by insurgent startups—their M&A watched closely by competition regulators.

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    Access report

  • Tech’s big reset: Looking to value in 2023

    23 February 2023

    Consumer tech revenue growth ground to a halt by the end of 2022.

    Changes in technology and user behaviour are creating risks for incumbents.

    Shareholder pressure is driving efficiencies, but high costs are an inevitable response to growing challenges.

    Access report

  • AI in the media: Rise of the machines

    12 May 2023

    Recent developments in AI have ignited a frenzy in the tech world and wider society. Though some predictions are closer to sci-fi, this new phase is a real advance.

    We view AI as a ‘supercharger’, boosting productivity of workers. The impact is already being felt across media sectors, including advertising and publishing.

    Firms thinking about using AI should assess which tasks can be augmented and what data is required. Be prepared for unpredictable outputs and a changing legal and tech landscape.

    Access report