The AI Spending Spree Hits a Wall Investors are taking a harder look at the ballooning expenses of tech giants, and it's clear that the era of unlimited spending on artificial intelligence and data centers has come to an abrupt end.
Alphabet's recent report, which sparked a sell off across the board, serves as a harbinger for what's in store for Amazon, Meta, and Microsoft when they report their quarterly results this week.
Just last year, companies like Google were lauded for their willingness to invest heavily in AI.