Reported about 5 hours ago
The latest financial reports from major tech companies reveal a significant increase in AI spending, with combined investments from Alphabet, Microsoft, Meta, and Amazon projected to reach $325 billion, a 46% rise from the previous year. Amazon is leading the charge with a $105 billion commitment, while Microsoft and Meta are also substantially increasing their expenditures. Despite uncertainties about profitability, executives emphasize the necessity of these investments to meet growing demand in the AI sector.
Source: YAHOO