all of these companies were obscenely profitable and, frankly, more functional before AI. so what else could have been done with this money had they invested in to some other purpose, like decarbonizing infrastructure they use? or a moonshot to end homelessness in the nations where they operate?
TechmemeGoogle, Amazon, Microsoft, and Meta spent a combined $1.1T in capex from the start of the AI boom in 2023 through June 2026 and plan to spend $745B this year (Financial Times) Main Link | Techmeme Permalink