Tech Giants Are Set to Spend $200 Billion This Year Chasing AI

11/1/2024 • bloomberg.com

Three months ago, Wall Street punished the world’s largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results that failed to justify the costs.

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C4AIL Commentary

Datacenter and GPU spending growth have replaced headcount growth as the metric of success in big tech.

Adding more AI capacity and capabilities is now seen as more competitive growth than hiring thousands of engineers, designers and product managers.