Saturday, November 2, 2024

Tech giants are set to spend $200 billion this year chasing AI

Wall Street recently criticised major tech firms for their AI spending, but Amazon, Microsoft, Meta, and Alphabet plan to invest even more, exceeding $200 billion this year. These companies are securing chips and building data centers to support AI, aiming for future profitability despite current high expenses.

from Tech-Economic Times https://ift.tt/TLyJ0cB

No comments:

Post a Comment

French prosecutors suspect Musk encouraged deepfakes row to inflate X value

French prosecutors said Saturday they had alerted US authorities to a suspicion that tech tycoon Elon Musk had encouraged controversy over s...