Big Tech Is Spending More Than Ever on AI and It’s Still Not Enough
- sciart0
- Oct 31
- 1 min read
Quick Summary
Silicon Valley’s largest companies plan to invest $400 billion in AI this year, with many indicating this is insufficient.
Meta, Alphabet, Microsoft, and Amazon will increase 2026 spending; Google and Amazon shares rose, while Meta and Microsoft shares fell.
Google’s CFO stated that AI investments are already generating billions of dollars in revenue for the company.