PYMNTS.com February 7, 2025
This week in artificial intelligence, Big Tech invests in AI, Meta rethinks its metaverse pivot and DeepSeek poses a potential security threat.
Big Tech Plans Big Spending on AI This Year
The AI arms race is getting pricey. Meta, Google, Microsoft and Amazon announced they are planning to collectively spend at least $315 billion on capital expenditures in 2025, much of it for AI.
Meta’s capital expenditures budget is between $60 billion and $65 billion, while Google parent Alphabet has set aside $75 billion, mainly toward data centers, servers and networking infrastructure. Amazon forecasted capital expenditures of $100 billion for the year, while Microsoft is booking $80 billion to build data centers, train AI models, and deploy AI and cloud-based...
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