Tech giants are spending more on AI amid slow returns, and that's spooking investors
by TechSpot
TechSpot— Meta said that it would be spending billions of dollars more on its AI efforts, raising expenditure forecasts in this area from $30 - 37 billion to $34 - 40 billion for the year. It cited heavy investment in AI infrastructure such as data centers, chip designs, and research andRead Entire Article
Zero Hedge—Meta Shares Are Crashing After Zuck Spooks Investors Over "Significant" AI Spend. Meta Shares Are Crashing After Zuck Spooks Investors Over "Significant" AI Spend Update (1715ET): During the earnings call, CEO Mark Zuckerberg said that his commitment to Meta building the best AI models out there leads him to believe that “we should invest significantly more in the coming years." And the return may take a while “It’s worth calling that out that we’ve historically seen a lot of volatility in our stock during this phase of our product playbook, where we’re...
Tuoi Tre News Video—AI fuels cloud computing boom for tech giants. Performance was consistent at Microsoft's Azure and Google Cloud, which grew above expectations at 31 percent and 28 percent, respectively, in the first three months of the year
Time Magazine—There’s an AI Lobbying Frenzy in Washington. Big Tech Is Dominating. Spending on lobbying to shape AI policy in Washington is soaring—and tech giants are leading the charge.