AIFortuneabout 3 hours ago
AI Spending Threatens $1 Trillion Market Value
6 min read
Amazon, Alphabet, Microsoft, Meta, and SpaceX plan to spend $828 billion on AI infrastructure this year. This massive capital expenditure caused the Nasdaq to drop 2.9% and the S&P 500 to fall 1.8%. Several banks predict AI-related spending will hit $1 trillion by 2027.
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