Tech giants Meta, Microsoft and Alphabet test investors’ patience with huge AI spending spree

AI spending by the three behemoths soared 89 per cent to some US$78 billion last quarter. Read more at straitstimes.com. Read ...
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Alphabet Tops $100 Bn Quarterly Revenue On Soaring AI, Cloud Demand

The company also raised its full-year capital expenditure forecast to between USD 91 billion and USD 93 billion, signaling ...

Alphabet’s AI push pays off as search beats and Gemini tops 650 million users

CNBC's MacKenzie Sigalos joins 'Closing Bell Overtime' to report on Alphabet’s Q3 results, where a $1.5 billion beat in core ...

Microsoft, Alphabet and Meta results overshadowed by growing fears of AI bubble

Microsoft revealed that its spending on AI infrastructure hit almost $35bn (£26.5bn) in the three months to the end of September, a sharp rise compared with the year before. Alphabet has also set out ...

Google’s corporate parent posts first-ever quarter with $100B in revenue in latest show of its power

SAN FRANCISCO (AP) — Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion in revenue, a milestone that illustrates the unwavering power of its internet ...

Meta, Microsoft share price fall up to 9%, Alphabet shares rise 7% after Q3 results

Meta’s shares plunged over 8 per cent after it reported a one-time charge of nearly $16 billion in the third quarter tied to ...

Google Q3 Report: AI Mode, AI Overviews Lift Total Search Usage

Google reports that AI features are adding searches rather than replacing them, pointing to more AI-led sessions and steady ...