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Jan 28 : Meta on Wednesday forecast its annual capital expenditure to increase sharply, as the social media giant builds artificial intelligence infrastructure in the pursuit of superintelligence.Shares of the Facebook and Instagram parent rose nearly 4 per cent in extended trading.The company also sai
Big Tech's AI Spending Surge: Amazon and Google Boost Capital Expenditures, Impacting Stock Performance
Feb 5 : Amazon.com on Thursday projected a jump of more than 50 per cent in capital expenditures this year, joining its Big Tech peers in adding new expenses as they race to build out artificial-intelligence infrastructure.It is the latest sign that tech companies will not be hitting the brakes on their hefty
Big Tech's $650 Billion AI Spending Surge and Market Concerns
The market has spoken: It doesn’t like the massive AI spending spree of the “Big Four” hyperscalers. But the companies are barreling ahead anyway.