Get the latest tech news
Software Revenue Lags Despite Tech Giants' $292 Billion AI Spend
Silicon Valley is betting the farm on AI. Data centers are straining power grids. Model training costs are heading toward billions. Yet across the software industry, AI revenue remains theoretical. From a report: Hyperscalers -- combined with Meta and Oracle -- plan to spend $292 billion on AI infra...
From a report: Hyperscalers -- combined with Meta and Oracle -- plan to spend $292 billion on AI infrastructure by 2025 -- an 88% increase since 2023. Semiconductor stocks have surged 43% year-to-date on AI expectations, while the software index IGV is up 30%. Salesforce isn't factoring in material contribution from new AI products into FY25 guidance.
Or read this on Slashdot
