genai / news / / The Sunday Times
Alphabet, Amazon, Meta Platforms and Microsoft said they would spend a combined $725 billion this year on the underlying infrastructure.
Alphabet, Amazon, Meta, and Microsoft will spend a record $725 billion on AI infrastructure in 2024.
KEY POINTS
- Forecasts now predict combined hyperscaler capital expenditure surpassing $1 trillion by 2027.
- Free cashflow for the four firms dropped by over half to $54.7 billion in Q1 2024.
- Google Cloud's revenue from generative AI products rose nearly 800% year-on-year, becoming its main growth driver.
- Meta increased its 2024 capital expenditure forecast to as much as $145 billion due to higher input costs.
COMPANIES
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