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

<p>Amazon, Microsoft, and Google&#39;s parent Alphabet plan significant increases in capital spending as they compete for dominant shares in the global cloud market. The companies&#39; 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.</p> --- Send in a voice message: https://podcasters.spotify.com/pod/show/tonyphoang/message Support this podcast: <a href="https://podcasters.spotify.com/pod/show/tonyphoang/support" rel="payment">https://podcasters.spotify.com/pod/show/tonyphoang/support</a>