Tech giants are set to spend $200 billion this year chasing AI
- Posted on November 1, 2024
- By Business News Today
- 6 Views
Tech giants are set to spend $200 billion this year chasing AI
Wall Street recently criticised major tech firms for their AI spending, but Amazon, Microsoft, Meta, and Alphabet plan to invest even more, exceeding $200 billion this year. These companies are securing chips and building data centers to support AI, aiming for future profitability despite current high expenses.
