Business

Why Big Tech's $700 billion AI splurge is misleading

Big Tech's AI spending is surging. Much of the increase comes from rising component prices, not major new capacity expansion.
Big Tech's AI spending is surging. Much of the increase comes from rising component prices, not major new capacity expansion.

This article was originally published at: https://www.businessinsider.com/big-tech-ai-capex-mislead...