AIThe Vergeabout 1 hour ago
Big Tech Plans $720 Billion AI Spending
7 min read
Amazon, Microsoft, Alphabet, and Meta plan to spend at least $720 billion on AI infrastructure this year, adding to over $1 trillion in future commitments. Despite revenue growth, investors worry about returns as Google Search ads dropped 12% and Anthropic reported $17.5 billion in compute costs against $17 billion in revenue.
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