The AI spending spree is far from over
- Apr 25
- 1 min read
WALL STREET JOURNAL — When Microsoft, Amazon, Meta Platforms and Google-parent Alphabet report their quarterly results on the same afternoon next week, investors will scrutinize the capital expenditures line item. And with good reason. Those four companies spent a combined $410 billion on capex last year, which is nearly triple what they spent in 2022.
The launch of ChatGPT late that year sparked a technological arms race. Four of the world’s largest companies by revenue and market capitalization suddenly feared that falling behind in AI meant early obsolescence.
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