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Big Tech Earnings Reveal AI Spending Race
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Big Tech companies Meta, Microsoft, and Alphabet have reported significant investments in artificial intelligence, with estimates suggesting over $700 billion spent on AI this year alone.
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Big Tech Earnings Reveal AI Spending Race
The world's biggest technology companies have been pouring unprecedented sums into artificial intelligence, with Big Tech expected to spend well over $700 billion on AI this year. Morgan Stanley estimates that figure could cross $1 trillion next year. The AI spending race has become a new battleground, with data centres, AI chips, cloud infrastructure, and next-generation models being developed. The investments in AI are expected to continue, with the potential for significant growth in the coming years.
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