Big Tech’s AI spend is becoming too big to fail

There’s a spending frenzy around AI, and this earnings season we’ve been getting more details on the pace of that outlay.

Meta raised its capital expenditures forecast to the range of $37 billion to $40 billion. Microsoft spent $19 billion last quarter, including server farm leases. Amazon spent $30 billion so far this year and says it’ll kick it up a notch to close out 2024. Apple may be zagging, but clearly has a fresh AI focus of its own.

Read more: finance.yahoo.com