Big Tech’s latest earnings show the AI spending spree isn’t over

Oct 31, 2024 · Big Tech’s latest earnings show the AI spending spree isn’t over Mark Zuckerberg, chief executive of Meta. · Fortune · David Paul Morris/Bloomberg via Getty Images

CouponFollow Extension

$3
OFF

Big Tech’s AI Spending Isn't Crazy, In A Vacuum | Reuters

1 day from now

Oct 29, 2024 · The $3.6 trillion chip designer is spending more on dividends and buybacks, but its cash pile is still growing, doubling over the past year to $35 billion amid a frenzy for the …

reuters.com

$100
OFF

Big Tech Groups Say Their $100bn AI Spending Spree Is Just …

1 day from now

Aug 2, 2024 · Big Tech groups say their $100bn AI spending spree is just beginning ... $106bn — in their latest quarterly earnings reports, as their leaders brushed off stock market jitters to …

ft.com

$8
OFF

AI Spending Spree: Big Tech’s Quarterly Results Draws Scrutiny

1 day from now

Sep 16, 2024 · In its third-quarter earnings report, Apple announced research and development (R&D) spending of over $8m, with CEO Tim Cook indicating that AI spending would continue …

gulfbusiness.com

$300
OFF

CHART: Big Tech Is Going Wild On AI Spending Next Year And Beyond

1 day from now

Nov 5, 2024 · Amazon, Google, Meta, and Microsoft are expected to churn through $300 billion in capex next year. The spending spree is driven by generative AI and LLM opportunities, says …

businessinsider.com

$240
OFF

Big Tech’s AI Spending To Surpass $240 Billion In 2024

1 day from now

Nov 18, 2024 · Big Tech's AI spending is positioned to surpass a remarkable $240 billion in 2024, representing a strong response to soaring demand for artificial ... The first half of 2024 saw …

dataconomy.com

$185
OFF

Nvidia Earnings Will Show Just How Much Big Tech Is Spending On …

1 day from now

Aug 28, 2024 · Tech giants Amazon, Google, Meta, and Microsoft are on track to spend a staggering $185 billion on AI in 2024, according to a JPMorgan analysis — and Nvidia is …

businessinsider.com

$200
OFF

Big Tech's AI Spending Spree - Motley Fool Money

1 day from now

Nov 1, 2024 · Big Tech's AI Spending Spree. Nov 01, 2024 (40:23) Amazon, Alphabet, and Microsoft are doing their part to drive $200B in AI-related capital expenditures for 2024. They’ll …

fool.com

$200
OFF

Wall Street Frets Over Big Tech’s $200bn AI Spending Splurge

1 day from now

Nov 1, 2024 · Big Tech’s capital spending is on track to surpass $200bn this year and rise even further in 2025, as anxiety grows on Wall Street about the returns on soaring investment in …

ft.com

FAQs about Big Tech’s latest earnings show the AI spending spree isn’t over Coupon?

How much will big tech spend on AI?

Opinions expressed by Forbes Contributors are their own. Big Tech’s AI spending continues to accelerate at a blistering pace, with the four giants well on track to spend upwards of a quarter trillion dollars predominantly towards AI infrastructure next year. ...

Why is Big Tech spending so much?

Big Tech earnings last week showed huge demand for AI services. More data centers, GPUs, networking gear, energy, and other infrastructure are needed to deliver this technology. That's driving eye-watering levels of spending. Earlier this year, Bernstein forecast Big Tech capex of more than $1 trillion over five years. ...

Will big tech spend more on AI in 2024?

Big Tech’s AI spending is only set to surge through the end of 2024 and into 2025, with management teams reiterating the need to invest more to meet demand and build out AI infrastructure. Microsoft leads the pack with AI on the cusp of surpassing a $10 billion run rate, while Amazon and Alphabet see AI revenue in the billions. ...

Are big tech firms investing in AI?

Big Tech firms are investing in their own AI ventures as well as in external companies. Microsoft has put $13 billion into OpenAI, while Amazon and Google have backed Anthropic. AI investments are projected to reach $1 trillion, but firms are opaque about internal spending. ...

How much will big tech spend in Q4?

Assuming spend is flat sequentially for Microsoft, the two would be spending ~$33 billion in Q4. Putting this all together, Big Tech could spend another $70 billion in Q4, overwhelmingly for AI infrastructure, putting full year capex at ~$240 billion, or nearly 15% higher than the level they were tracking for at the start of the year. ...

How much money does Microsoft invest in AI?

Microsoft has put $13 billion into OpenAI, while Amazon and Google have backed Anthropic. AI investments are projected to reach $1 trillion, but firms are opaque about internal spending. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview ...