AICNBC Techabout 2 hours ago
AI buildout costs balloon as cash dwindles
1 min read
AI spending among megacaps is projected to hit $765 billion this year and nearly $1.2 trillion by 2027. Amazon, Alphabet, and Tesla reported negative cash flow, while Meta's cash generation dropped 91%. Memory chip price surges are driving costs higher, prompting Apple to raise prices.
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