From Microsoft to Meta, tech giants are planning to spend more on artificial intelligence in the year ahead.
People stand next to a humanoid robot in Shanghai, China, on Feb. 21, 2025. Hector Retamal/AFP via Getty Images
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Major tech giants have reaffirmed their multibillion-dollar commitments to artificial intelligence (AI) spending.
Microsoft reported on Oct. 29 a record capital expenditure of nearly $35 billion for its first fiscal quarter, aimed at satisfying the increasing demand for its cloud services.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
