Five tech companies—Alphabet, AWS, Meta, Microsoft, and Oracle—are projected to make a whopping $234 billion in AI capital investments this year alone.
That's according to an analysis conducted by Visual Capitalist of JP Morgan Asset Management data.
An infographic (below) delves into the race to hyperscale AI among major tech companies.
It looks how capital spending on AI has jumped since 2004 and how much it is expected to increase by in the coming years.
Check out the infographic:
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The Incredible Scale of AI Capital Investments by Big Tech [Infographic]
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ABOUT THE AUTHOR
Ayaz Nanji is a writer, editor, content strategist, and research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, and the New York Times.
LinkedIn: Ayaz Nanji
Twitter: @ayaznanji
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