Get the latest tech news
Big Tech doubles down on AI, $200 billion gamble raises concerns on Wall Street
Tech giants are set to spend a staggering $200 billion on AI-related capital expenditures this year, according to Bloomberg's calculations, marking an all-time high for these companies....
Amazon, Microsoft, Meta, and Alphabet have invested significant sums in AI infrastructure – money that has not yielded justifiable returns at this point – to the displeasure of Wall Street. It is an unprecedented level of investment, ranging from securing scarce high-end chips and constructing expansive data centers to forging deals with energy providers and even reviving a controversial nuclear plant for power. JPMorgan analysts, for example, noted that Microsoft's data center supply issues might "modestly" restrict its cloud business but viewed the company's investments, particularly in OpenAI, as "planting the longer-term seeds for success."
Or read this on r/technology