Big Tech bets bigger on AI: What is fuelling investments amid DeepSeek’s thrifty success? | Technology News
The past two weeks of earnings reports from Microsoft, Facebook parent Meta, Amazon, and Google parent Alphabet have revealed that big tech companies are undeterred in placing massive bets on AI infrastructure. They reported a combined capital expenditure (capex) of $246 billion in 2024, up from $151 billion in 2023.This year, the tech giants forecast spending a total of $320 billion to build data centres and purchase clusters of advanced graphics processing units (GPUs) to power their AI models. While Microsoft leads the pack with an $80 billion commitment to...