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Tech Giants Are Set To Spend $200 Billion This Year Chasing AI
Three months ago, Wall Street punished the world's largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results that failed to justify the costs. Silicon Valley's response this quarter? Plans to invest even more. Bloomberg: The capital expenditur...
Three months ago, Wall Street punished the world's largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results that failed to justify the costs. Bloomberg: The capital expenditures of the four largest internet and software companies -- Amazon, Microsoft, Meta and Alphabet -- are set to total well over $200 billion this year, a record sum for the profligate collective. Tech giants are racing to secure the scarce high-end chips and build the sprawling data centers the technology demands.
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