💸 Big Tech's New Obsession: Throwing Billions at AI

This year, the tech titans → Amazon, Microsoft, and Alphabet—are pouring record-breaking amounts into AI, with total investments projected to exceed $200 billion.

Amazon alone plans to funnel around $75 billion by year-end. Microsoft has already upped its AI spend to $14.9 billion this quarter—a 50% increase from last year. Alphabet, meanwhile, is readying its own spending boost.

Experts say AI spending will only keep climbing, especially as the industry grapples with a shortage of high-performance chips.

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