Big Tech’s AI obsession costs $200 billion in 2024 and counting

Three months back, Wall Street came down hard on Big Tech for its reckless AI spending spree. Billions poured into development with little return to show. Investors, unimpressed, hit back. The response from Silicon Valley? Spend even more. This year alone, the biggest tech firms (you know, Amazon, Microsoft, Meta, and Alphabet) will collectively burn

Source: Cryptopolitan