Big Tech's AI spending is bigger than you think
To paraphrase Justin Timberlake in his iconic turn in the 2010 film "The Social Network," a trillion dollars isn't cool. You know what is? $3 trillion. The big picture: That's roughly how much money seven Big Tech companies, including Google, Microsoft and Nvidia, have committed to spending on AI-related infrastructure in off-balance-sheet commitments, according to a new analysis from Morgan Stanley. And that's on top of the estimated $770 billion in debt and lease obligations that are on the…
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Filed under Technology · International · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: Artificial Intelligence (46), Tech AI (none).
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