Tech giants are set to spend a staggering $200 billion on AI-related capital expenditures this year, according to Bloomberg’s calculations, marking an all-time high for these companies. It is an unprecedented level of investment, ranging from securing scarce high-end chips and constructing expansive data centers to forging deals with energy…
Big Tech doubles down on AI, $200 billion gamble raises concerns on Wall Street
TechnologyNovember 2, 2024
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