Big Tech’s Big Bet on AI Driving $344 Billion in Spend This Year

AI excitement is driving the markets. But what if it eats tech giants from within?

It’s hard to know which companies will come out ahead as they ramp up spending on AI technology

Big Tech’s Big Bet on AI Driving $344 Billion in Spend This Year

If there’s any lesson to take from the spending plans issued by the world’s largest technology companies over the past two weeks, it’s to never underestimate the fear of missing out.

Big tech sees AI investments begin to pay off

How is AI fuelling tech company profits?

The FT has reported this in a newsletter this morning: Big Tech has eased investor concerns about its historic spending binge on artificial intelligence, posting quarterly results that surpassed expectations and showed early signs that AI is boosting earnings. Alphabet, Meta and Microsoft were the clear winners, collectively adding more than $350bn in stock market value after reporting double-digit increases in revenue and net income. The obviou…

Big Tech ramps up AI spending as investor confidence grows

Big Tech invests heavily in AI amid soaring returns, boosting investor confidence and driving revenue growth [This post contains video, click to play] In Short: – Big Tech investments in AI are driving revenue growth in search, advertising, and cloud computing. – Microsoft plans to spend $30 billion this quarter, while Alphabet raises its budget by $10 billion to $85 billion. Big Tech companies are increasing investments in artificial intelligen…