Get the latest tech news
Tech megacaps to spend more than $300 billion in 2025 to win in AI
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.
Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025, based on comments from their CEOs early this year and throughout earnings calls in the past two weeks. Tech companies have already poured many billions of dollars into AI projects since ChatGPT's 2022 debut, as they race to expand data centers with boatloads of Nvidia's graphics processing units (GPUs) and to advance their models. CEO Andy Jassy said during the company's earnings call on Thursday that the money would mostly go toward AI for its Amazon Web Services division and a "once-in-a-lifetime type of business opportunity."
Or read this on r/technology
