Tech Giants Are Set to Spend $200 Billion This Year Chasing AI

Tech Giants Are Set to Spend $200 Billion This Year Chasing AI
Three months ago, Wall Street punished the world’s largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results that failed to justify the costs. Silicon Valley’s response this quarter? Plans to invest even more. The capital expenditures of the four largest internet and software companies — Amazon.com Inc., Microsoft Corp., Meta Platforms Inc. and Alphabet... ...

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