2024-08-04
interesting counter to narrative that ads/surveillance are becoming less central to political economy of big tech & now it's all about control of AI/computing infrastructure - only big co actually making money from AI is Meta, using it to sell more ads https://www.ft.com/...
Financial Times
Microsoft, Alphabet, Amazon, and Meta boosted capex by 50% to a total of $106B in H1 2024, as they build AI infrastructure and pledge more investment hikes
Technology stocks have been volatile as Microsoft, Meta, Amazon and Google report huge increases in their investments in artificial intelligence