Expensive Problem Behind Aus’ Big AI Push

Expensive problem behind Aus’ big AI push

Australians are racking up the bill for foreign-dominated AI models, with one Labor frontbencher warning that cost could skyrocket without local intervention.

Big Tech’s AI spending looked like a problem: it may now be the reason to buy

Big Tech’s record AI spending is starting to look less like a drag on valuations and more like the foundation for the next leg of earnings growth.Results from Microsoft, Amazon, Alphabet and Meta offered fresh evidence that demand is catching up with the infrastructure build-out. Azure grew 43%, AWS 37% and Google Cloud 82% in their latest quarters, while Meta’s revenue rose 28%. That matters because investors have spent much of 2026 questioning…