Reported about 1 month ago
The current AI arms race among major tech companies like Microsoft and Amazon is not focused on immediate returns but rather on securing a competitive edge through significant capital expenditures, projected to reach $206 billion this year. Analysts suggest that while these investments may contribute to short-term inflation, they are crucial for long-term productivity gains. Despite concerns over monetization, the long-term vision of these hyperscalers is driving their strategy, with the potential for job creation and economic growth.
Source: YAHOO