Three things we learned about AI from Big Tech earnings

Big Tech companies, including Google, Amazon, Microsoft, and Meta, have substantially increased their investments since the AI boom commenced in 2023. Total spending on this new wave of AI technology has now surpassed $1tn. While billions of dollars continue to be poured into these developments, recent earnings reports raise questions regarding whether these massive financial commitments will ultimately pay off. The scale of this spending spree reflects a significant industry-wide push into artificial intelligence.