TECH - Microsoft Meta and Alphabet Ramp Up AI Investments Spend Over $32B in Q1 | Benzinga
Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc (NASDAQ:META), and Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), along with other tech giants, are investing heavily in artificial intelligence infrastructure in 2024, signaling a shift from AI chatbots to the less glamorous, yet critical, “AI plumbing.”
This foundational technology, involving tens of billions of dollars, supports the industry’s burgeoning AI developments.
Companies like Amazon are overhauling their data centers to bolster AI capabilities and building new facilities, and even regions like Saudi Arabia are competing to construct supercomputers tailored for AI, according to the New York Times reports.