IT giants to spend $200 billion on AI development over 2024
- Capex of 4 IT giants will be $200+ billion in 2024
- This is a record amount for Amazon, Microsoft, Alphabet and others
- At the same time, the capex of IT companies for 2025 may increase
- As they buy scarce chips and build data centers
- They say the spending will make the AI business profitable
- At the same time it should become more profitable than advertising, etc.
- Amazon's capex for 202
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