IT giants announce unprecedented investment: The $ 100 billion for AI is only the beginning

The progress of Artificial Intelligence will surpass any technique so far. Serious companies in the field have decided this! The big companies in the field technology they increased their capital expenditure by 50%, reaching over 100 USD this year, as they race to build the infrastructure to support artificial intelligence, despite growing skepticism about the return on investment.

Microsoft, Alphabet, Amazon and Meta revealed big increases in spending in the first six months of 2024 – a total of $106 billion – in their latest quarterly earnings reports as their leaders declined stock market speculators to promise new increases in investments in the next 18 months, writes. Treasurer Ziarul.

“At this point, I’d rather risk building capacity before it’s needed than too late,” Meta chief Mark Zuckerberg said this week, predicting that Facebook’s capital spending could reach $40 billion this year.

Their general predictions mean that Big Tech investment in artificial intelligence could more than double by the end of the year. Analysts at Dell’Oro Group now expect up to $1 billion to go into infrastructure such as data centers within five years, even though companies have so far failed to convince on investors that their customers are willing to spend large sums on AI products and services.

“Tech executives are widening their bets on consumption,” said Jim Tierney, head of US growth at AllianceBernstein, “Investors still don’t have a clear picture of what the business models and benefits are.” total expenditure”