Reported about 7 hours ago
Meta and Microsoft are ramping up their investments in artificial intelligence, with a staggering 89% increase in capital expenditures totaling around $78 billion last quarter. This surge includes heavy spending on data centers and related technology, raising concerns among investors about potential overspending and whether the AI boom may be creating a bubble. While Google's outlook remains positive, Meta's ambitious spending plans and corresponding tax charges have left investors cautious about the company's path forward in the competitive AI landscape.
Source: YAHOO