AIFortuneabout 1 hour ago
AI is becoming a financial engineering business
5 min read
AI is becoming a capital-intensive financial engineering business as models commoditize. Amazon, Microsoft, Alphabet, and Meta spent $1.1 trillion on AI infrastructure since 2023, with $745 billion planned this year. Nvidia is mobilizing $500 billion with Apollo, Blackstone, and Goldman Sachs, while Google assembled a $200 billion structure for Anthropic.
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