Tech Giants Ready to Spend $200 Billion on AI This Year! đź’°

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Summary:

  1. Massive Spending Plans
    The four largest tech companies—Amazon, Microsoft, Meta, and Alphabet—are projected to invest over $200 billion in AI development this year, setting a record for expenditures in this sector.

  2. Investor Concerns
    Despite previous market reactions to their high spending without adequate returns, executives indicated that this investment trend is set to continue, possibly increasing next year.

  3. AI Boom Effects
    The AI boom, particularly sparked by ChatGPT, has driven tech giants to secure critical resources, including high-end chips and the construction of extensive data centers.

  4. Energy Deals
    To support their operations, these companies are forging partnerships with energy suppliers and even reviving a controversial nuclear plant to meet their energy needs.

Tags: AI Investment, Technology Spending, Silicon Valley, Market Dynamics, Data Infrastructure, Energy Partnerships, Corporate Finance, Artificial Intelligence, High-End Technology

Read more at: BNN Bloomberg

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This year. This year has less than 2 months. How they gonna spend $200 Billion in that time?

Thinks probably on GPUs. Those Nvidia H100 are so pricey :money_mouth_face:

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