For Block, AI implementation has bolstered the company’s operations. “We’re not making this decision because we’re in trouble,” Dorsey noted in his X post. “Our business is strong.” The company reported a gross profit of $2.87 billion in the fourth quarter, up 24% year over year.
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HP executives also said they are seeing stronger AI PC demand, saying 35 percent of HP’s PC sales are coming from AI PCs. This comes as the industry is seeing mixed signals, like Dell saying that consumers don't really care about AI PCs.
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