Why AI Is So Expensive
Bloomberg reports that the push for bigger AI models, and more chips and data centers to support building them, is driving up costs for technology companies.
Nearly 18 months into the generative AI frenzy, some of the biggest tech companies are proving that artificial intelligence can be a real revenue driver. But it’s also a huge money pit. Microsoft Corp. and Alphabet Inc.’s Google reported surging cloud revenue with their latest quarterly results, as business customers spent more on their AI services. Meta Platforms Inc., while... ...
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