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Big tech’s AI spending is accelerating (again)
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Tech companies such as Google, Meta, Microsoft and Amazon raised their artificial intelligence spending by billions of dollars.
PHOTO: EPA
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Four of the tech industry’s wealthiest companies made it clear this week that their spending on artificial intelligence
But the outlays from Google, Meta, Microsoft and Amazon – which all raised their spending by billions of dollars, saying they needed to meet demand for AI – are increasingly feeding concerns that the tech industry is heading toward a dangerous bubble.
