archiveQ4 2024 earnings

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...

The past two weeks of earnings reports from Microsoft, Facebook parent Meta, Amazon, Apple, and Google parent Alphabet have revealed that big tech companies are continuing to place massive bets on AI infrastructure.While Microsoft leads the pack with an $80 billion commitment to build data centres in fiscal 2025, Alphabet has earmarked $75 billion to expand its AI strategy while Meta plans to spend up to $65 billion in its push for more computing infrastructure. The vast majority of Amazon’s annual capex spend of $100 billion will go towards building...