Tech Giants (Amazon, Microsoft, Google) Invest Billions in AI-Based Cloud Capacity

Amazon, Microsoft, and Google's parent Alphabet plan significant increases in capital spending as they compete for dominant shares in the global cloud market. The companies' investment in computing infrastructure was boosted to a combined $42bn for the three months to September, marking a 20% increase from the same period last year. This increasing focus on capital-intensive AI-related cloud technologies could lead to squeezed profit margins in the long run while providing thrust to the growth of generative AI applications. --- Send in a voice message: https://podcasters.spotify.com/pod/show/tonyphoang/message