Big Tech Says Its AI Spending Spree Will Pay Off. Wall Street Is Worried
If the economic impact of ai is $15. 7 trillion by 2030, as pwc estimates, then. The company raised its capital expenditures guidance for 2024 to between $38. Google cloud’s profit jumped to $1. 9 billion from $266 million a year earlier, suggesting the. By anna tong, aditya soni and deborah mary sophia. The capital expenditures of the four largest internet and software companies —.