Big Techs ramp up billions in bottomless spending on AI

semafor.com/article/07/31/2025/big-tech-companies-continue-to-pour-billions-into-ai-development-and-post-record-profits

Big Tech continues to plow billions into AI. Will the revenues follow?
“We do take very seriously that this is just a massive amount of capital,” Mark Zuckerberg told analysts Wednesday after Meta doubled its quarterly capital spending from a year ago, to $16.5 billion, and hinted it…

This story appeared on semafor.com, 2025-07-31 18:11:06.
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