The AI industry is running on FOMO
For Big Tech, a penny invested in AI is a penny earned… Maybe. After an indeterminate amount of time. Investors hope.
On earnings calls last week, Amazon, Google, Microsoft, and Meta reported more than $350 billion this year on capital expenditures, or longer-tail investments in a company’s future. All four told investors to expect the number to skyrocket even further next year: Microsoft said “higher,” Amazon an “increase,” Google a “significant increase,” and Meta “notably larger.”
That probably translates to more than $400 billion total for the four companies next year, according to Joe Fath, partner and head of growth at Eclipse VC.
…
Night Street Games, the studio founded by Imagine Dragons frontman Dan Reynolds and his brother…
Hi, Swifties. We don’t tend to have a lot in the way of Taylor Swift…
Cybersecurity giant Trellix has disclosed a significant security incident involving unauthorized access to a portion…
A sophisticated adversarial campaign targeting South-East Asian government and military infrastructure, combining rapid exploitation of…
Cynthia Whitaker sat alone on a bench at center stage, her face bathed in a…
Brilliant Minds and Stumble have both been canceled at NBC. Entertainment Weekly reported that the…
This website uses cookies.