Big Tech Aims to Spend $650 Billion This Year on AI Capex
The major US tech companies are planning to spend a substantial amount on capital expenditures (capex) related to artificial intelligence (AI) in the coming years. According to estimates, the combined capex of four leading tech firms is expected to reach around $650 billion by 2026. The planned investments will primarily go towards building new data centers and purchasing specialized AI chips. This surge in spending reflects the tech industry's growing focus on developing and deploying AI technologies across various applications. The increased investment in AI infrastructure and capabilities is seen as a strategic move by these tech giants to maintain their competitive edge and drive innovation in the rapidly evolving digital landscape. The article does not provide further details on the specific plans or the distribution of the $650 billion budget among the four companies.
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